Cheap gas leaves electric vehicle sales stuck in neutral
- Thread starter petros
- Start date
I bought gas today at $1.189/litre at the "discounter". The "regular" priced gas around here was $1.239 (both prices are for low octane stuff).
If you were to cut out the host of fed, prov and muni taxes (ie YVR), that price would likely be cut to below 50%.
.... The global warming hoax has been nothing but a boon for gvt to exact ever increasing taxes on a necessity
.... The global warming hoax has been nothing but a boon for gvt to exact ever increasing taxes on a necessity
AAA: Spring gas prices could approach a 'tipping point' for drivers
According to AAA, the average cost of a gallon of unleaded regular is about 25 cents more than this time last year.
The national average price could reach as high as $2.70 per gallon this spring.
https://www.cnbc.com/2018/03/11/aaa-expects-higher-gas-prices-this-spring.html
So Much for cheap gas ...
The U$ is set to become the world's biggest oil exporter, fortunately Canada won't have to pay high shipping costs for it, we'll just have to take the self inflicted car bone tax in the bum.
According to AAA, the average cost of a gallon of unleaded regular is about 25 cents more than this time last year.
The national average price could reach as high as $2.70 per gallon this spring.
https://www.cnbc.com/2018/03/11/aaa-expects-higher-gas-prices-this-spring.html
So Much for cheap gas ...
The U$ is set to become the world's biggest oil exporter, fortunately Canada won't have to pay high shipping costs for it, we'll just have to take the self inflicted car bone tax in the bum.
$2.70 for a gallon is still only around $0.70/liter.
I'd be thrilled to see advertised prices like that
I'd be thrilled to see advertised prices like that
RubbishNot just electric car sales-low fuel prices reverberate all over the planet.
Canals Feel Ripples of Container Shipping Crisis as Vessels Go the Long Way Round
An intersection of the new and existing lanes of the Suez canal.
(The Loadstar) – The Panama and Suez canals could be the next institutions to be affected by the ongoing crisis in the container shipping industry, according to new analysis from Africa ports analyst and monitoring service portoverview.com
The twin factors of cellular overcapacity and rock-bottom bunker costs have, over the past year, led carriers to divert multiple sailings away from the world’s two principal trade arteries and reroute vessels around the southern African cape.
Its six-month report for the second half of 2015 quoted analysis from SeaIntel (portoverviw.com co-owner), which showed that since the end of October 2015, 115 vessels deployed on Asia-USEC and Asia-North Europe services have made the back-haul trip to Asia by sailing round the Cape of Good Hope rather than through the canals despite using them on the headhaul legs.
Three of these vessels were deployed on Asia-North Europe services, while the remaining 112 were returning to Asia from the US east coast.
“Normally, 78 of those voyages would have gone through the Suez Canal, and as 53 of the voyages were in 2015, it would have meant that the number of container vessel passing the Suez Canal in 2015 would ‘only’ have decreased by 1.9% year-on-year, instead of the reported 2.8%. The other 37 vessels would normally have passed through the Panama Canal,” portoverview.com said.
“SeaIntel concludes that both the canals face a significant challenge in the current low bunker price, as it means that for many services it is cheaper to sail south of Africa on the backhaul than to use the canal routings,” it added.
“The canals have a particular disadvantage in regard to the USEC-Asia services, where it is currently economically viable for 14 out of 22 services to sail south of Africa on the backhaul, and it would probably be viable for almost all of them if intermediate port calls were dropped.”
It is even viable for sailings from North Europe to Asia to route via South Africa, “if the intermediate calls were dropped or switched to other services”, it said.
“Currently, the carriers are only using the south of Africa routing on the backhaul legs and retaining the transit time, but considering the financial situation of most carriers, and keeping in mind the relative ‘ease’ with which the carriers implemented both slow-steaming and super slow-steaming, going south of Africa on the head-haul is going to look very alluring for some carriers, if indeed they can re-route the cargo from the intermediate port calls.”
There is a further, compelling, reason for carriers to route via South Africa: in addition to avoiding canal transit fees, the elongated sailing route, which adds another week to transit times, could potentially “soak up” between 60-80 vessels, of which half would be ultra-large container vessels, and take out some of the industry overcapacity which is causing freight rate volatility.
OUCH!
Keep the tank full. Gas goes up 10 cents April 1st as shutdown season kicks off.
Extra long refit turnarounds this year.
You can get it cheaper than that. THE most expensive gasoline in the GTA is that but you can get it as much as 8¢/litre less from discounters, most days.
And top up your oil tank if that's how you heat your house. You never know, one year to the next, how much heating oil will be.
Let's see ... $1.19 a liter times 4.55
That's about $5.40 a gallon?
You're giddy because you only pay $5.40 for a gallon of gasoline?
Yeah but that gas lacks antiknock additives, detergents and has a far higher butane content. The military keeps a stockpile of fuel that sits for six months then off to the discount gas stations it goes.
It's just a base fuel. That crap is 96 cents a litre here.
3.79L to a US gallon.