always been preoccupied with the prices at the pump. Even before this year’s spikes, I would hear about cars lining up down the street from Costco to take advantage of the store’s regular discounts of 10 cents per litre. Ten cents really makes a difference now, considering gas prices surpassed two dollars a litre in June. The cost to fill up the tank of a 2022 Honda Civic LX sedan, one of the most popular cars on the road, hit $95.95 in June of 2022. That’s up 53 per cent from a year earlier.
That demand picked up a lot faster than anticipated as economies recovered from the pandemic. In July of 2020, Ben van Beurden, the CEO of Royal Dutch outstripping supply. Typically, member nations of the Organization of the Petroleum Exporting Countries play the role of balancing global oil markets, if necessary. That hasn’t happened, partly due to limited spare capacity and caution from oil producers. Meanwhile, the Russia-Ukraine war sent the whole world searching for more secure alternative sources of oil and gas.
As the market for electric vehicles grows, a used EV market will emerge, making low-emissions models more accessible to lower-income households. The lifetime cost of ownership of an EV is already cheaper than it is for gas-powered cars. A recent report by Clean Energy Canada found that the electric Hyundai Kona, Canada’s second-best-selling EV, is $15,000 cheaper to own—assuming an eight-year driving life—than the gas-powered Hyundai Kona.
jangorsk Pembina Reality is fossil fuels are 80% of world power generation and growing. Wind and solar are intermittent unreliable weather dependent source that will only lessen our standard of living. The Pembina Institute is a left wing think tank devoid of reality.