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If there was any delusion that somehow more expensive gasoline and petroleum related products prices would somehow cause a nation-wide drop in their usage, think again. It seems as though the demand for Gas is inelastic currently, as the increase in price has not decreased the demand at all.

Our friends at Stats Canada say that Gasoline consumption year over year from April 2006 to April 2007 for Unleaded Gasoline is up 2.9% and diesel fuel usage is up a whopping 8.2%. Now on the positive side, higher "grade" unleaded gas consumption has dropped a great deal, so folks may be forced to buy it, but they don't seem to want to pay extra for "higher grade" gasoline, right now at least.

Sales of refined petroleum products
	April 2006r	April 2007p	April 2006 to April 2007
	thousands of cubic metres		% change
Total, all products	7,449.5	7,743.3	3.9
Motor gasoline	3,202.0	3,266.2	2.0
Diesel fuel oil	1,821.4	1,970.7	8.2
Light fuel oil	299.2	376.3	25.8
Heavy fuel oil	470.6	602.0	27.9
Aviation turbo fuels	506.2	453.7	-10.4
Petrochemical feedstocks1	392.1	387.1	-1.3
All other refined products	758.0	687.3	-9.3

Interestingly aviation fuel usage has dropped, maybe the folks in the Airlines are figuring out ways to squeeze more folks onto fewer planes?

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