Wednesday, August 03, 2005

Responsible commentary

Another one to file under obvious comments from surprising sources:
Atlantic Canadians struggling to cope with some of the country's highest gasoline prices should consider compact cars, suggests one of the region's best-known gas retailers.

Dave Collins, a vice president at Wilson Fuels — an independent retailer based in Nova Scotia — said today that the surge of gas prices in Atlantic Canada will only stop when demand for gasoline decreases...

Still, Collins predicts that as demand for gasoline shrinks, prices may once again retreat by 2006.

"We say nothing cures high prices like high prices. The simple reason is that demand changes. We're starting to notice it now, and it will start to bite in the next year and my guess is that prices will slacken off," he said.

We can only hope that the prediction is as accurate as the advice.

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