Charting rising fuel prices in Canada and how it's hitting home

National Resources Canada has been charting the increasing cost of gas, diesel, propane and furnace oil across Canada. I checked out some averages for my province and got a bad case of the shakes. It seems that for all the rolling around on my bike I do, that I'm still in for a possible short-term wallop soon, thanks to the current situation with oil.

In June of last year, furnace oil was around $0.90 per litre. By January, it was hovering at around $0.97. That meant, in January, that a half tank of oil (which lasts me roughly a little less than two months in the dead of winter with the thermostat between 10 and 12 C / 50-53.6 F) cost around $485 or so, with taxes. Right now, furnace oil is selling at around $1.33 per litre -- a 28% increase. So, if last winter it cost roughly $970 to heat my apartment (not factoring in the bit of oil left over from the previous year or the increase in my electricity bill from using a space heater when company was over or on colder nights), that means that a repeat of the same weather, a similar thermostat setting, etc. this year would cost around $1242 at today's prices, give or take a handful of bucks. And the price of furnace oil is still spiking. It's gone up 7% just in the past month.

I'd hoped to hang on to my apartment until late fall to be able to squeeze whatever I can out of my garden, but it's starting to look a little dire. If it's going up an average of 7% a month, that means a half tank of oil will cost double what it did in January by this October. Looks like it's time to start looking for new digs. I had a feeling last winter that this was coming, but hadn't realized that the increase in cost would be so drastic so quickly.