Omnibus : Gas prices, Oil prices, Embargos

[Ron in Regina]

$4.75 USD is $6.05 CAD

Now, Factor that across everything that has to be shipped using diesel fuel (like by train or truck, etc…) & assume that this isn’t the maximum price yet as April fools day hasn’t hit yet…. And then have somebody justify how this is not gonna affect the price of everything that needs to be shipped before it gets into your hands.

 

[petros]

Now, Factor that across everything that has to be shipped using diesel fuel (like by train or truck, etc…) & assume that this isn’t the maximum price yet as April fools day hasn’t hit yet…. And then have somebody justify how this is not gonna affect the price of everything that needs to be shipped before it gets into your hands.

Watch for antistockpiling legislation at the consumer level. This is going to get far worse yet and I hate to sound like a conspiracy theorist but this inflation was planned.

 

[Ron in Regina]

I wonder how that’s gonna fit with the Costco sales model? Their whole business concept is built on stock piling.

 

[petros]

Limits

 

[B00Mer]

Nothing to see here folks, just a photo of Canadians getting fucked at the pump..



Meanwhile in Iraq it’s 0.51 a Litre.

Iraq gasoline prices, 11-Nov-2024 | GlobalPetrolPrices.com

Iraq: The price of octane-95 gasoline is U.S. Dollar per liter. For comparison, the average price of gasoline in the world for this period is U.S. Dollar. The chart below shows the price of gasoline in the country relative to other countries. Use the drop menu to see the prices in gallons.

www.globalpetrolprices.com

 

[B00Mer]

It’s going to get worse in Canada.. they expect it t to go as high as $2.25 to $3.00 a Litre..

Sad for a country that has so much of it’s own oil and natural gas.. yet we are so dependent of foreign oil..

 

[Nick Danger]

I'm having some trouble connecting the dots between the prices soaring at pumps here at home and Putin's aggression in Ukraine. Most of our gasoline in here in BC is domestically produced, either in Alberta or at one of two refineries here in BC, with maybe 10% imported from Washington State. Now I don't think these producers have suddenly seen a thirty percent increase in their cost of production so that leaves us with "market forces". With the potential loss of Russian petroleum from the world market either through sanctions or through disruption of the supply chains that run through Ukraine demand for the world's remaining supply has gone up, and hence the price increase. While the oil we have in Canada has not suddenly become more expensive to produce, prices have responded to this mess on the other side of the world due to the almighty "market forces". I'm struggling to find a reason that Canadian producers are charging Canadian consumers more for a Canadian product and all I can come up with is "Because they can".

 

[petros]

I'm having some trouble connecting the dots between the prices soaring at pumps here at home and Putin's aggression in Ukraine. Most of our gasoline in here in BC is domestically produced, either in Alberta or at one of two refineries here in BC, with maybe 10% imported from Washington State. Now I don't think these producers have suddenly seen a thirty percent increase in their cost of production so that leaves us with "market forces". With the potential loss of Russian petroleum from the world market either through sanctions or through disruption of the supply chains that run through Ukraine demand for the world's remaining supply has gone up, and hence the price increase. While the oil we have in Canada has not suddenly become more expensive to produce, prices have responded to this mess on the other side of the world due to the almighty "market forces". I'm struggling to find a reason that Canadian producers are charging Canadian consumers more for a Canadian product and all I can come up with is "Because they can".

Gasoline and diesel are commodities traded separately from the bbl of oil. Prices vary based on supply and demand.

As previously mentioned various feedstocks are better for certain products. Some refineries can only process light crude others can process almost anything with some specializing in chemicals, plastics or tars.

 

[harrylee]

Yeah, that's about it....because they can. Of course, government is in on it, be it lib, conservative or NDP....they don't give a shit about the consumer.

 

[Nick Danger]

Gasoline and diesel are commodities traded separately from the bbl of oil. Prices vary based on supply and demand.

So if domestic supply and domestic demand are unchanged, why are pump prices in BC moving into the $2.00/litre territory ? Explain to me how this isn't just a cash grab by an industry that "has done so much for Canadians".

 

[petros]

Because Washington State's 5 or 6 refineries that that supply you from time to time use a hefty chunk of arctic oil both RU and US oil and Canadian oil sands synthetics.

 

[Nick Danger]

Because Washington State's 5 or 6 refineries that that supply you from time to time use a hefty chunk of arctic oil both RU and US oil and Canadian oil sands synthetics.

BC draws most of its gasoline from Edmonton and our two BC refineries. Imports from Washington amounts to less than 10% of our supply. Certainly not enough to account for a thirty percent price hike.

 

[petros]

BC draws most of its gasoline from Edmonton and our two BC refineries. Imports from Washington amounts to less than 10% of our supply. Certainly not enough to account for a thirty percent price hike.

Did gas recently go up 10% or did you just guess 30%?

 

[Nick Danger]

Did gas recently go up 10% or did you just guess 30%?

Some locations in at the coast have broken $2./litre already, prices in the interior have gone from $1.50/litre to $1.85 in two days, and we are being warned that $2./litre and higher is imminent. Gasbuddy.com is listing BC's current average price at $186.4/litre.

 

[petros]

From 1.80 to 2.00 is 11% 1.50 to 1.85 is 12%

 

[Nick Danger]

From 1.80 to 2.00 is 11% 1.50 to 1.85 is 12%

Better check your math. 1.50 to 1.85 is a 23% increase, 1.50 to 2.00 would be a 33% increase.

 

[taxslave]

Pretty cheap gas, if that is what they just hit. We have been paying that for over a month. Even more for diesel.

 

[petros]

Pretty cheap gas, if that is what they just hit. We have been paying that for over a month. Even more for diesel.

It is far cheaper yet here.

 

[petros]

Better check your math. 1.50 to 1.85 is a 23% increase, 1.50 to 2.00 would be a 33% increase

Check your math and numbers bub.

11% of $1.80 is 19.8 cents 1.80+0.198 =$1.99

 

[taxslave]

Rather odd how BC has oil wells and yet we have the highest gas prices in Canada.