We would agree with what Jayson had to say. But another element of this, of course, is the tax situation we have on fuel in Canada. Proportionally, Canada's fuel prices have twice as much tax in them as those in the United States, when you combine the federal and the provincial components in the fuel prices we have here. When you think about the fact that we have taxes federally and taxes provincially, we have an excise tax of 1.5ยข, plus a tax-on-tax situation where the GST is then applied on top of that, it adds up to quite a bit of the fuel pricing we're dealing with.
On May 16th, 2006. See this statement in context.