OT BC gov is preparing for $1/litre gas prices this summer.greenspun.com : LUSENET : TB2K spinoff uncensored : One Thread
(article is halfway down the page)
VICTORIA, British Columbia (AP) -- The British Columbia government is preparing for gasoline prices rising to nearly $1 per liter this summer.
The provincial budget tabled Monday assumes gasoline prices could rise by 20 cents a liter and diesel fuel by 10 cents a liter.
Finance Minister Paul Ramsey thought the fuel price assumptions were typographical errors but confirmed the numbers after checking with Finance Ministry bureaucrats.
Gas prices are currently about 72 cents a liter in British Columbia, while diesel fuel costs are about 35 cents a liter
The rising fuel costs will affect provincial ferry service and highway maintenance and construction costs, said a budget risk chart.
Every one cent per liter rise in gasoline prices increases equipment operating costs by $27,000 a year. Higher diesel fuel costs will increase operating costs for the ferry service.
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