Pump Prices Down
- Thread starter dj03
- Start date
If you've noticed, pump prices rise in a blast, then fall back slowly to the point where the rediculous looks like a bargain. Once we've had a little breathing spave, they rocket right up again to higher levels. Market analysts have predicted a buck-and-a half litre only because that's where the speculating vultures who pull the strings want them.
Yes, it is one way of quelling the outbursts of cunsumers.
When things die down again the oil companies will cut back refining and create a shortage again. Prices go up, speculators feast, people starve, etc.
What I don't get is why prices of fuel are more expensive here than in some places east. We had $1.50 a liter here and there was an uproar in some town in Ontario over prices reaching $1.43. We are within a few hours drive from AB. They are thousands of kliks away from the nearest refinery. You email the oil companies and they say it's the individual stations. You chat to the individual stations and they say the oil companies set the prices.The whole thing sounds like straight BS to me.
When things die down again the oil companies will cut back refining and create a shortage again. Prices go up, speculators feast, people starve, etc.
What I don't get is why prices of fuel are more expensive here than in some places east. We had $1.50 a liter here and there was an uproar in some town in Ontario over prices reaching $1.43. We are within a few hours drive from AB. They are thousands of kliks away from the nearest refinery. You email the oil companies and they say it's the individual stations. You chat to the individual stations and they say the oil companies set the prices.The whole thing sounds like straight BS to me.
I remember paying 37¢ per Imperial gallon in 1970 (approx) which is 9.5¢ per liter. Then we had all those wonderful dealings with OPEC and the like. Also, we have oil companies claiming they only make 22¢ per liter of gas, their CEOs making $27,000,000 per year, and the companies are reaping billions per year in profits.
I am sure we'd be doing better without large greedy companies and politics. lol
I am sure we'd be doing better without large greedy companies and politics. lol
There's another thread in here ... the World ... that pretty much shows why OPEC wants big bucks. They better get it while they can because it won't be worth camel dung if they ever find a cheap and dependable alternative....