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Originally Posted by percy
There was an economist on CBC or something that said the oil companies estimate people will finally backlash when prices hit about $1.60-$1.80 a litre. Then they drop the price to about $1.20 a litre and leave it. Then they will only be about .25 cents over the price they should be at fairly.
It'll happen. Honestly just about everything is going up in price and very few people notice or care about so, we'll keep paying.
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I have to agree.
People bitch and complain, but so what?
Until they actually DO something about it, it's all just hot air. The only thing that will lower gasoline prices is reduced demand, or a recession. Since I am not too keen on the latter, and I doubt that North Americans are going to cut back, higher prices are here to stay.
Last year I saw a buck 40 or so was about the highest I remember for a day or two.
The highest I ever paid was $1.32.
One great thing about living in Bloor West in Toronto is that I can walk for pretty much everything I need. Restaurants, stores, bakeries, post office, everything is within walking distance. (Unlike my suburbanite SUV friends who must drive EVERYWHERE for EVERYTHING.)
TTC subway is a 5 minute walk from my front door.
That being said, I work in Mississauga (the most barren wasteland in Canada, a truly gawd-awful place, other than Port Credit, I like Port Credit) so I have no choice but to drive. But, it's a 15 minute drive, so it's not the end of the world.