I got back from my cottage in Canada Friday night. Friday morning, I took a picture of a gasoline price sign in Winnipeg. The price: 1.849 per liter in Canadian dollars.
This is the first time in my memory of going between California and Winnipeg over the last 36 years that the market-clearing price of gasoline in Winnipeg was less than the price in Monterey.
Here’s the simple arithmetic.
There are 3.7854 liters in a U.S. gallon.
The Canadian $ is worth 77 U.S. cents.
So $1.849 per liter translates to $1.849 * 3.7854 = $7.00 per U.S. gallon.
That translates to 0.77 * $7.00 = $5.39 per U.S. gallon.
Yesterday I paid $5.69 for gasoline in Pacific Grove.
By contrast, I paid about $4.30 per gallon in Grand Forks, North Dakota on Friday.
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