yes thats a joke the way oil companies play with the price.Isnt it odd how when the world price drops it takes a few days for the price to drop at the pump but when the world price rises they can raise the price at the pump in hours.The way all the companies do it at the same time sure looks like they are working together to screw the public.

The oil prices are going down and gas prices went up 2.2 cents a litre in nova scotia today.

It looks as if George Bush has granted the auto companies their bailout.

$13.4 billion..

I mean.... what the heck... they're spending $10 billion per month to have people stay in Iraq ! Perspective

BTW... I saw oil at $33.50 early this morning... crazy

Since i already own one of the those gas guzzling SUVs i like seeing the 66 cent a litre prices.But i wouldnt complain if they went down even more.

Cheap gas is good for todays lagging economy.

Maybe the big three can start selling some of thier gas guzzling SUV's sitting on the lots now all covered in snow.

They dont need a bailout from the government, they need combo of lots of bad winter weather and cheap gas to sell their inventory.

I guess you don't believe that Iran is giving arms to the Shiites in Iraq too.

Mighty dread i think you need reading glasses,your reply is not even close to what i wrote.

I never said russia and venezuela had anything to do with 911.

mightydread... agreed... the $145 oil DID hurt the automakers... that helped change the psychology of the population towards gas guzzlers.. that's for sure!!

good point about the people who lost their jobs... in that case demand would be less..

ottawa_chap.... gas prices are at 68¢.. NICE !

The demand is down for sure. How can the demand not be down if a lot of the world economies are in a recession?

The 77000 people who lost their jobs in Canada and the half a million people who lost their jobs last month in the US don't drive to work any more.

I agree that there is no visible reduction in traffic in Toronto either but Canada only has 33 million people. The economic downturn in the West and slower growth in China and other countries will certainly reduce demand.

The $145/barrel was crazy. I don't think that had anything to do with oil shortages.

I know the demand was up but so was the supply. The oil companies were using fear to inflate the price of oil. There were also a lot of speculators on the market who were driving the prices up.

The over inflated oil prices did hurt the economy around the world as the prices of goods went up and profits of companies (not oil companies) went down. It certainly hurt GM and Chrysler as they were not able to sell a lot of there big cars and SUVs that were given back after the leases were up.