That reasonable anti-gouging regulations are a valid and significant part of the modern regime in mixed economies. But you're talking about nationalizing petroleum production, which is a one-way ticket to disaster.
Clear enough?
How Canadians get ripped off at the pumps
- Thread starter tay
- Start date
Clear enough?
Oil ripoffs? Damned near any company that wants profits is ripping us off in some way or another. And that isn't mentioning governments that suck more money from us (gas taxes, for instance) than we get back in services and such.
So what the frack is new?
So what the frack is new?
For an instant, I thought that the thread was named:"How Canadians get ripped off at the pimps"
[memo to self: - mind out of gutter, this weekend]
[memo to self: - mind out of gutter, this weekend]
Many things go into the cost of gas, and it varries across the country, but prices should still be lower than they are, according to calculations made by BMO senior economist Benjamin Reitzes.
“With last week’s plunge in oil fresh in my mind as I headed into the weekend, I couldn’t help but notice how gasoline prices had ticked higher from the previous week,” Mr. Reitzes said in a research note late yesterday, citing the fact that Brent crude has slipped below $55 (Canadian) a barrel, the lowest since 2008.
Thus, he added, about $1 a litre at the pump “seemed odd.” And this chart “suggests that gas prices should be well below $1,” he said.
Canadians not reaping ‘full benefit’ of oil plunge at the gas pump: BMO - The Globe and Mail
“With last week’s plunge in oil fresh in my mind as I headed into the weekend, I couldn’t help but notice how gasoline prices had ticked higher from the previous week,” Mr. Reitzes said in a research note late yesterday, citing the fact that Brent crude has slipped below $55 (Canadian) a barrel, the lowest since 2008.
Thus, he added, about $1 a litre at the pump “seemed odd.” And this chart “suggests that gas prices should be well below $1,” he said.
Canadians not reaping ‘full benefit’ of oil plunge at the gas pump: BMO - The Globe and Mail
The free market benefits the consumer man.
Anyway, these companies know oil is screwed so they are maximizing profit.
Anyway, these companies know oil is screwed so they are maximizing profit.
Correction; these companies know that the trendy folks live in an eco-fantasy and are taking advantage of things. The vertically integrated E&Ps and making sure that they still make money (and a lot of it) despite the low price of the raw material.
Take heart though bud, once the necessary renewable tech is developed and the necessary infrastructure is in place, you'll see a change.
Get back to me in 30-40 years and we'll review things again, m'kay?
Take heart though bud, once the necessary renewable tech is developed and the necessary infrastructure is in place, you'll see a change.
Get back to me in 30-40 years and we'll review things again, m'kay?
The stated excuse would work only if that happened in Canada alone, the drop was global and no nation saw any read drop in the price of fuel that a consumer pays at the pump. Alberta used to see a jump in the price at the pump if a refinery in the UK went offline for a week, if that doesn't clear up how the game works no example will.
Would that be about Nov.1 as that is when winter prices in Canada kick in, they are removed May 1.
Winter fuel also had ethanol to prevent freezing and less in the summer because it evaporates fast. NG rates change and that is why many companies don't fire up before May 1 for the machines that use a lot of NG, like asphalt plants. The lower winter prices are off set by raising the price in the summer when there are a lot more vehicles on the road.
Over a year and you missed the summer bump? Got a chart??
Over a year and you missed the summer bump? Got a chart??
Regulated Rates for Natural Gas
Direct Energy
Regulated Services
Regulated Services
North
South
AltaGas
January 1, 2014 $4.085/GJ $4.107/GJ $4.231/GJ
February 1, 2014 $4.568/GJ $4.494/GJ $4.864/GJ
March 1, 2014 $9.024/GJ $9.388/GJ $7.383/GJ
April 1, 2014 $5.189/GJ $4.226/GJ $6.386/GJ
May 1, 2014 $2.748/GJ $3.915/GJ $4.969/GJ
June 1, 2014 $3.847/GJ $2.730/GJ $3.073/GJ
July 1, 2014 $5.781/GJ $5.138/GJ $3.001/GJ
August 1, 2014 $3.563/GJ $3.749/GJ $2.631/GJ
September 1, 2014 $3.350/GJ $3.708/GJ $5.079/GJ
October 1, 2014 $4.149/GJ $4.180/GJ $3.999/GJ
November 1, 2014 $3.686/GJ $3.683/GJ $3.345/GJ
December 1, 2014 $4.184/GJ $4.182/GJ $4.175/GJ
Normal chart
http://ucahelps.alberta.ca/historic-rates-2014.aspx
Before you decide what Alberta does perhaps you should zip your lips and check the facts first.
The price of crude oil keeps falling, but Vancouver Islanders aren’t saving money at the pump.
A year ago, the price of crude oil was $62 US a barrel, now it’s $36 and some Canadian producers are even selling crude at $22 US a barrel.
And while the price of crude has plunged, in B.C. the retail price of gas is the same as it was last year.
British Columbians are paying the highest gas prices in the country.
In Victoria, the price at the pump is at $1.129/litre, Vancouver is at $1.179.
Price of gas in other parts of the country is much lower: in Toronto it’s $.919 , in St. John’s it’s $.879 and in Edmonton it’s just $.758/litre.
There are a number of reasons beginning with problems with the refineries supplying the B.C. market.
“Three months ago it was BP’s Cherry Point pipeline that had to be shut down for 10 or 12 days and that caused a spike,” said Petroleum Analyst Dan McTeague.
“We now understand one of the three refineries in the United States, Tesoro Anacortes, is having trouble with one of the units producing gasoline.”
The dropping Canadian dollar is also a factor but industry experts say the Canadian oil industry isn’t open enough with consumers.
“Every refinery in the United States or producer of jet fuel, natural gas or any petroleum product must be accountable on the numbers and provide a supply and demand figure. We don’t have that here in Canada, we don’t demand that here in Canada, and as a result, I think motorists are not well served by this lack of transparency,” he said.
McTeague said Canadian’s are over paying about 11 cents a litre.
It’s a stark contrast to the U.S., where American drivers are cruising at 1970s prices.
WATCH: Price of crude oil plummets but prices at the pump in B.C. are the same as last year. Monica Martinez explains why.
Why prices at the pump in B.C. haven't dropped despite plummeting crude oil prices | CHEK
A year ago, the price of crude oil was $62 US a barrel, now it’s $36 and some Canadian producers are even selling crude at $22 US a barrel.
And while the price of crude has plunged, in B.C. the retail price of gas is the same as it was last year.
British Columbians are paying the highest gas prices in the country.
In Victoria, the price at the pump is at $1.129/litre, Vancouver is at $1.179.
Price of gas in other parts of the country is much lower: in Toronto it’s $.919 , in St. John’s it’s $.879 and in Edmonton it’s just $.758/litre.
There are a number of reasons beginning with problems with the refineries supplying the B.C. market.
“Three months ago it was BP’s Cherry Point pipeline that had to be shut down for 10 or 12 days and that caused a spike,” said Petroleum Analyst Dan McTeague.
“We now understand one of the three refineries in the United States, Tesoro Anacortes, is having trouble with one of the units producing gasoline.”
The dropping Canadian dollar is also a factor but industry experts say the Canadian oil industry isn’t open enough with consumers.
“Every refinery in the United States or producer of jet fuel, natural gas or any petroleum product must be accountable on the numbers and provide a supply and demand figure. We don’t have that here in Canada, we don’t demand that here in Canada, and as a result, I think motorists are not well served by this lack of transparency,” he said.
McTeague said Canadian’s are over paying about 11 cents a litre.
It’s a stark contrast to the U.S., where American drivers are cruising at 1970s prices.
WATCH: Price of crude oil plummets but prices at the pump in B.C. are the same as last year. Monica Martinez explains why.
Why prices at the pump in B.C. haven't dropped despite plummeting crude oil prices | CHEK
Well directly fixing the price is a bad idea.
They're being fixed already as every gas stations of every badge all over the province puts their pump prices up and down in exact synchrony. Is price fixing by a cartel a better idea than their regulation by bureaucrats? Pick your poison, they are both bad. There is not much evidence that old fashioned supply and demand are having much of an impact on the punp price.
