Listen "Making Money Minute - July 3, 2025"
Episode Synopsis
Making Money Minute with Ron Hiebert - Gasoline Is Cheaper In The US
If you are adventurous enough to head south of the border for a driving vacation this summer, the Canadian dollar won’t buy much. However the one area you can actually save some money, is fuel. It is amazing how much cheaper gasoline is below the 49th. Even including the currency differences and the differential in litres verses gallons, our costs on average are at least 20% higher. The vast majority of this price spread, consists of higher Canadian provincial and federal taxes.
If you are adventurous enough to head south of the border for a driving vacation this summer, the Canadian dollar won’t buy much. However the one area you can actually save some money, is fuel. It is amazing how much cheaper gasoline is below the 49th. Even including the currency differences and the differential in litres verses gallons, our costs on average are at least 20% higher. The vast majority of this price spread, consists of higher Canadian provincial and federal taxes.
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