I paid $1.32 per litre yesterday. That is $6 per Imperial gallon, $5 for the smaller US gallon. Our dollar is at par right now, so there is no conversion on CDN$/US$.

We expect $1.50 per litre shortly, which will be $5.68 per US gallon.

I think the issue in the US really comes down to whether people believe cheap US oil and gas can continue, and for how long. Certainly the population expect it. But as long as it is artificially low (on a world basis) then there is no broad incentive for improvements in efficiency, and for the population to begin to adapt. There seems to be a desire to continue with low prices as long as possible, and ignore the upheaval that will happen when it ends.

It isn't like you can produce all your own oil and gas and ignore the prices in the rest of the world. With a relatively fixed supply side, you are going to have to deal with the demand side at some point in the future. It is interesting to watch from the sidelines.

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2007 X3 3.0si, 6 MT, Premium, White

Retired:
2008 535i, 6 MT, M Sport, Premium, Space Grey
2003 X5 3.0 Steptronic, Premium, Titanium Silver
2002 325xi 5 MT, Steel Grey
2004 Z4 3.0 Premium, Sport, SMG, Maldives Blue