Gas Consumption Still Going Up In Canada

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Canajun Finances

My personal views and rants on home finances with a Canadian Perspective

Gas Consumption Still Going Up In Canada

Posted on 07/16/2007 07:56:03 | Link | Post Comment

Gas prices are up from last year, yet our consumption of Gas is also up, guess my statement that Gas demand is completely inelastic (i.e. price increases do not affect demand at all).

Sales of refined petroleum products

May 2006^r May 2007^p May 2006 to May 2007

thousands of cubic metres % change

Total, all products 8,230.2 8,973.5 9.0

Motor gasoline 3,486.1 3,709.9 6.4

Diesel fuel oil 2,268.0 2,405.8 6.1

Light fuel oil 224.9 273.0 21.4

Heavy fuel oil 430.1 614.0 42.7

Aviation turbo fuels 592.6 589.1 -0.6

Petrochemical feedstocks¹ 414.0 407.0 -1.7

All other refined products 814.5 974.8 19.7
On this day where we are supposed to be thinking about the environment it suggests Canadian demand for fossil fuels is not dropping.

Sales of refined petroleum products
	May 2006^r	May 2007^p	May 2006 to May 2007
	thousands of cubic metres	% change
Total, all products	8,230.2	8,973.5	9.0
Motor gasoline	3,486.1	3,709.9	6.4
Diesel fuel oil	2,268.0	2,405.8	6.1
Light fuel oil	224.9	273.0	21.4
Heavy fuel oil	430.1	614.0	42.7
Aviation turbo fuels	592.6	589.1	-0.6
Petrochemical feedstocks¹	414.0	407.0	-1.7
All other refined products	814.5	974.8	19.7

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