David Sovka: Stop thinking about alternative clean technologies, you dirty hippies
Summer is finally here, and with the warmer weather and kids out of school, a fun vacation on the open road beckons!
Before you pack the trunk, remember to check the tire pressure and fill up the tank with WAIT HOW MUCH DOES GAS COST?!?!
Yes, it’s the weekend, when gas prices go up just because they can. Don’t worry! Gas prices will come down on Monday when you don’t need any.
This is a regular part of summer called “being Exxon’d” or “bend-over economics,” and we will keep on taking it because the price of gas is what economists call “inelastic.”
That means whatever gasoline costs, we keep buying it because we need it.
We simply have no alternative for getting the kids to the Okanagan really fast while releasing dangerous levels of carbon dioxide, methane and nitrous oxide into the atmosphere.
Nope, no alternative. Nooooooo alternatives exist. What I’m saying is there are no alternatives to gasoline in this universe.
In Canada, gasoline prices are determined by a complex combination of economic and political factors, such as how much profit international oil companies would like to make.
I’m just kidding! The factors include crude oil prices, taxes, refining margins and marketing margins. To make it easy to remember, all........
© Times Colonist
