Saturday, April 12, 2008

Are Canadians getting gouged for gasoline.....?

OK, tell me if I have the math right...

I was trying to figure out what the equivalent of American dollars per gallon would be in Canadian dollars per litre.

So, one US gallon is equal to 3.78541178 litres --

so I figure to convert to American dollars per litre I would divide the American price per gallon by this figure....

a random example.....I will use the price in North Carolina today....3 dollars and 24.5 cents per litre or 3.245 dollars per litre....

divide this by the 3.78*** above.....and you get 85.723 US cents per litre approx.

to convert this to Canadian cents per litre, you need to know the exchange rate....which today puts 1 U.S. dollar equal to 1.01930045 Canadian dollars

that being said.....the 85723 U.S. dollars computed above is the equivalent of 0.873774928 Canadian dollars.

so....if I am correct....that just about three-and-a-quarter per gallon price in NC would equate to 87.377 cents per litre in Canada...right or no?

So how come we are paying a buck twenty a litre for fuel in Nova Scotia....and even more in other parts of Canada....something doesn't add up here!!

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