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Record high gas price set as 2011 ends

Old 12-30-2011
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Default Record high gas price set as 2011 ends

It's not an achievement drivers are applauding, but Canada set a new record in 2011 for gasoline prices.

According to the weekly gasoline price report from the province, the 2011 average price from coast-to-coast was 124 cents a litre, the highest recorded average price ever. Besides being a new record, the price was a full 20.4 cents higher than the 2010 average.

And the Canadian diesel price at 124.7 cents, while not a record, was less than one cent lower than the record high 125.1 cents hit in 2008.

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Old 12-30-2011
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The fluctuation and difference in gas prices in the Northern hemisphere is something I still don't fully understand. This web site has got some great info on gas prices. I juts did a comparison between the US and Canada and there is a consistent $1.20 a difference between the two countries with Canada paying the higher price.
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Old 12-30-2011
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Part of the problem is the fact there are not any universal laws governing the markup for gasoline. Gasoline is marked up too many times before it makes it to the consumer.
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