Fuel Prices?

[canpilot]

Hey wondering what the price of gasoline is where you live.

Here in YVR we are 1.04 /L. (I have no clue why?) I think we will see 2.00/ L here by summer...

Are you finding that avgas/ jet fuel are up from last year.. or down?

I have no clue why we are seeing the $100 a barrel fuel prices for gas here.. then the price per barrel is cut by half.. * yes, I know.. we're getting hosed*

If this is happening to our cost of avgas/ jet things in the aviation industry might get worse before they are better..

[Clearwater]

.

[v6g]

A few reasons I can think of:

1) Lack of refinery capacity - particularly on the West Coast

2) Last years high showed that the punter is prepared to pay a lot more for their fuel. Therefore there's a lot less price sensitivity now than there was a year or two ago. The oil company's top priority is growing the dividend they pay to their shareholders and it's been shown that the punter will accept a slightly higher price in order to help the oil company achieve their strategic aims.

3) (and probably the biggest reason).The high of almost $150 a barrel and todays "low" of $50 a barrel is actually the spot price at a given moment. The wholesale price for the fuel that's going in your tank today was most likely fixed months or even years ago. Clearwater's comment above seems to confirm this. For a clearer picture of what's going on - look at the volume of transactions on NYMEX not just the price.

[iflyforpie]

$1.03 in Invermere. I'm pissed because we don't have a transit-tax like the good ol' GVRD and the same prices. Yet in Fort Steel--only 45 min away--it was $0.91.

As long as people will pay, they will charge. My theory is they put the prices up a week early so we can't say 'why do they put it up on the long weekend?'

The wholesale price for the fuel that's going in your tank today was most likely fixed months or even years ago. Clearwater's comment above seems to confirm this. For a clearer picture of what's going on - look at the volume of transactions on NYMEX not just the price.

I call BS. The consumer price was jumping just as fast as the barrel last summer. When the economy (and the barrel) tanked, so did the prices (though not as much). They've been creeping up to see what the market can sustain.

[Mach1]

B. C. Carbon tax?

[beaverbob]

B. C. Carbon tax?

BC's carbon tax is 2 cents and due to rise to 8 cents this year as a means to control climate change. Funny how nobody mentions this in the ongoing election campaign.
I wonder if that's why it was such a cold winter and cool spring this year in BC?

BB

[beaverbob]

Actually the real reason fuel prices are rising is just old fashion greed. Funny how our leaders in industry can justify such rising prices in the face of a low economy. Do they not yet realize their part in the economic free fall we were in for the last year?

I am no socialist, Heaven forbid, but when is a profit sufficient? When is a wage high enough?

BB

[SkyWolfe]

I want my damn 3.5cent discount back! Bastards.

[. ._]

You already got that by the discounts to consumers when the feds lowered the GST! Booze, smokes, gas- everything is way cheaper now! Thank you Stephen Harper!

-istp

[LH]

Also to be remembered is the fact that the price of oil given on the daily media reports is for 'Texas Sweet Crude" and NOT for the price in crude oil in general. 'Sweet' crude oil is oil that needs very little refining once it reaches ground level. It therefore requires little refining time at a refinery and can be shipped very fast. Ergo, the price is inflated because of it's value as such. Problem is, not all of the world's crude oil is 'sweet' and that includes much of what comes out of the ground in Saudi Arabia. The vast majority of their crude oils are filled with sodium and other impurities that have to refined out before sale. This time and expense adds to the eventual price of that oil. Nigeria is one of the countries who have a high rate of 'sweet' wells and as a result their oils are very valuable. Even moreso when civil war factions in that country inhibit the drilling for said oils and their transportation to refineries.

[Dex]

You already got that by the discounts to consumers when the feds lowered the GST! Booze, smokes, gas- everything is way cheaper now! Thank you Stephen Harper!

-istp

And now Harper is deficit spending. Just $#$*$ dandy!!!!


"Our deficits will be large...." Stephen Harper - May 2009


"I know economists will say that we can run a small deficit, but the problem is once you cross that line, as we see in the United States, nothing stops deficits from getting larger and larger and spiralling out of control, and we want to avoid the kind of government, household and trade deficits we see in the United States" Stephen Harper - October 2008

[Invertago]

You already got that by the discounts to consumers when the feds lowered the GST! Booze, smokes, gas- everything is way cheaper now! Thank you Stephen Harper!

-istp

And now Harper is deficit spending. Just $#$*$ dandy!!!!


"Our deficits will be large...." Stephen Harper - May 2009


"I know economists will say that we can run a small deficit, but the problem is once you cross that line, as we see in the United States, nothing stops deficits from getting larger and larger and spiralling out of control, and we want to avoid the kind of government, household and trade deficits we see in the United States" Stephen Harper - October 2008

Would you be suggesting the 'would be' coalition would have given us a non deficit budget?

[Dex]

Would you be suggesting the 'would be' coalition would have given us a non deficit budget?

Wasn't the point of my post. Maybe you missed it?

[. ._]

Heh, heh, heh. I got it, Dex. You were pointing out hypocrisy, right?

But Hedley hit the real nail on the head in his post. The oil companies are price gouging. They always have, they always will.

Ya never know. With Smilin' Jack in the driver's seat, he might help out the consumer. Doubtful, but you know Harper won't step on his oil buddies' toes. Something to think about in the next election.

Workingmen of all countries, unite!

-istp

[Dex]

Heh, heh, heh. I got it, Dex. You were pointing out hypocrisy, right?

No! Incompetence.

[LH]

When everyone is beating-up on the oil companies about their price of gas, just remember one other thing. The rate of Provincial and Federal Gas taxes NEVER changes and when you deduct those amounts, then gas is downright cheap, no matter where you live. In my part of Canaada that I live and in that other part that I was born and raised, the stupid public was told that ALL Provincial Gas Taxes went to maintain and build Provincial roads so they didn't have to 'dip into' General Tax Revenues for same. They don't even bother lying anymore and now state that all Gas Tax revenues go directly into General Revenues. I'm very sure that those funds are still ised for highways upkeep though. You bet.

So smear all the oil companies with that shitty brush folks........just give'er, but don't put that brush down when you're done that because you ain't half finished yet.