It’s like you’re wondering how poor people are affording private jet flights to Maldives. It’s a tank of gas.
Middle class families save their money and will happily spend their money on things that they want to do…like we’ve been doing. This includes driving. I still see plenty of people on the streets in their cars, waiting for the red lights to turn green. It’s a sight to behold.
Right now gas is $2.33 a litre here in Vancouver, supposed to break a record on Thursday at $2.39 a litre. Which means it would be about $6.69 (USD) a gallon on Thursday (I think?).
We just drive less, take transit more… until prices lower.
And it sounds like this is a west coast problem in general:
'Gas will be 239.9 on Thursday and that will smash an all-time record for any city in North America. That's Vancouver,' fuel analyst Dan McTeague predicted.
globalnews.ca
“While Metro Vancouverites are shelling out record prices at the pumps, their countrymates in Toronto are paying somewhere in the ballpark of $1.49 per litre.
The difference means a 50-litre fill up in Toronto is more than $43 cheaper than in Vancouver.
That massive price difference is a result of the Lower Mainland relying on the U.S. west coast for the bulk of its supply, according to Paul Pasco, principal consultant with retail analytics platform Kalibrate.
“It’s a different supply chain and a different network that connects you, and you’re just a lot more closely tied to that west coast refining complex,” he said.
“The story you guys tell about what’s happening in Vancouver is the exact same story you can read about what’s going on in California.”
The entire west coast market is facing tightness of supply, a problem exacerbated by a lengthy maintenance shutdown at the Phillips 66 refinery in Ferndale, Wash., he said.”