The Value of Liquid Gold Climbing

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THUNDER BAY – LIVING – The price of liquid gold, also known as gasoline, continues to rise. Regular gasoline starts at $216.9 a liter in Thunder Bay this morning.

In the United States, the average price of a gallon of gasoline is $5. There are 3.8 liters in a US gallon, meaning a liter of gasoline runs at $131.5 in the States.

In states like California and New York, it’s much higher.

These soaring energy prices show no signs of slowing down anytime soon.

Much of this is global forces that continue to prevent disrupted supplies from keeping up with strong demand from countries recovering from the economic punishment of the COVID-19 pandemic.

While some blame the war in Ukraine, economic sanctions against Russia over Ukraine’s invasion have wreaked havoc on global energy markets, but the fact is that the most powerful measure is the European Union’s planned ban on Russian oil imports — coming in late 2022 in force.

Some of the solutions appear to be far less effective. Ethanol is one of the more environmentally friendly solutions. However, it is said that more energy is required to produce one liter of ethanol than the vehicle can run on it.

One area that isn’t fully explored is governments’ rapid moves toward electric cars.

Tesla is increasingly innovating as the company seeks to improve the ways its cars are powered

Seen as an environmentally friendly solution to reducing dependence on oil, Canadians with our long, cold winters need to have batteries that can be charged and charged enough to take longer highway trips.

From Sault Ste Marie to Kenora, Ontario, winter collisions often result in road closures.

Sitting in a battery-powered vehicle for an extended period of time may drain the battery as the driver and passengers try to keep warm.

The QAA says: “On the coldest days, your car’s range may be 40 to 50 percent shorter initially, but that should increase again as the battery heater starts to work. In cold weather, AVEQ recommends preheating your car for 20 to 30 minutes before driving. Just plug it into the charging station – no need to turn the car on.”

We may have the right ideas for finding alternatives to petrol and diesel fuel, but it’s likely that the technology is still a long way from being fully adapted to our cold northern winters.

Part of this is simply ensuring that the required charging stations are in place for the large volume of vehicles.