88sunlover

A local Winnipeg radio station is reporting that gas is expected to hit $1.49 for regular by noon today.....

Aby excuse they can use to hike it they will......I believe this price will be the norm....and I think our gov't might want to get off their collective asses and do something to help.....

pd_day

iTrader: (6)

Price goes up, taxes collected goes up.

All they see is CHING CHING!

nick1

1.34 a litre today here in niagara falls, ontario canada

god mother fuckn' dammit!!!

at least my dd is a civic, so its not too bad

Avenging Angel

I work for a oilfield control company here in Calgary, we're predicting prices to hit about $1.50 per litre for about a week or two in the late fall. Based on statistical data, it won't stay that high for long but, it's supposedly comming. Keep your eyes open.

now

iTrader: (1)

we have to cut back on gas so there is more left to send south!
1.50 /L = less consumption = surplus oil stock to send south.

matt

twinturbofc

Time to buy up a moped.

Maxthe7man

Lets try and be a little more civil please.....
I will say something, the gas/oil pricing in North America is questionable, I just got an email from Japan with current fuel prices, gas went up a whole 2 yen over the entire summer of there, it went to 120 yen which equates to about 1.30/litre... Japan has to import all of its oil and gas, and gasoline is cheaper there than it is in alot of Canadian cities, that makes absolutley no sense, no matter what you look at it..
I think in about 2 or 3 years we will find this was all a big scam initiated by one large company and everyone just jumped on the bandwagon and rode it till the wheels came off, just like Enron manipulated the electricity market via maniplualted blackouts and grid shortages, even our own publically owned utilites played along with that one and passed along the falsely inflated rates...The most unbelievably wild conspiracies are usually the most succesfull...max

Tankeyes

Are you kidding? Are you trying to say that you didn't ever think the politicians and gas companies were in on it together? ****, we're paying a gas tax that was supposed to be for the deficit in 1995 that was over in 1998, it was never removed. There's also another gas tax we are paying, and that tax, is being taxed. That's right, taxing a tax. We get fucked up the *** so bad by corporations, and the gas situation is not as bad as they would make it in the US. However when Katrina came, gas company execs all across North America had ****-eating grins on their face, and were rubbing their hands together. They used it as an excuse to jack gas rates.

Hell, there isn't even gas wars anymore, they all just follow eachother around, and no new refineries made since the 70's, because the fat cats don't want to have to actually spend any of their money upgrading their equipment, and getting more gas out of the crude oil.

Then you have the ******* american government who refuses to tap their own oil. There's a field in Utah right now with enough oil in it to power every vehicle in the US for 10 years, if they ran 24 hours a day 7 days a week. And that's 1 field in 1 state only.

Gas has ALWAYS been a scam, and insurance is it's 5-10 year old brother.

Maxthe7man

Nah I always knew there was collusion, my post was in response to all the press releases from politicians and major petroleum producers that keep saying its natural market forces... Nothing justifies the price jump in the last year, alot fo the excuses are red herrings, every commodity has been played for a scam over the last decade, and it was just oils turn..I find anything the government can piggyback on and make money with little effort and accountability is generally priced questionably, like gasoline and as you point out insurance. And when they are in on it, they are very unlikely to do anything about, unless it becomes an election issue.. But in Canada, a 3 month voter memory quickly remedies unpopular monetary action and polices, hence the reason we have had Liberals in Ottawa for 12 years and Ralph Deklein in Alberta .Despite being polar opposites poltiically they both operate in the same manner and play the same tune...
Edit: The real laugh is the speculation excuses for the oil rise, a strike in one country that was settled, put 5 bucks on oil, that never came back off, an obscure politician gets booted from office, they use that for a 4 dollar rise, the Saudi king dies, and oil boots up 3 bucks per barrell, its not like he single handedly produced all the oil in the middle east... Despite the political leanings of any country, they all are quite willing to sell oil to anybody to boost export earnings..
I am waiting to hear oil went up by 2 bucks because a light bulb burnt out on a oil rig off the east coast, its become so much of a farce....
Are there any gas stations in Canada with no gas to sell, nope, they are all fully stocked read to sell at 1.xx/litre... The shortage is in competition and political accountability, not resources..Max

SophiaCDN

Of course it's natural market forces... They make an announcement that gas is going to shoot up and shortages will occur, then everybody goes to fill up while it is still "cheap", that increase in demand at same supply causes the price of gas to indeed rise. Then, people see that gas prices did in fact go up, that the predictions were right, so those that weren't convinced before, fill up now, increasing demand again at the constant supply, and the price goes up again.... Vicious circle resulting from a simple stupid announcement.

As long as people believe all that hype and go stock up as if WWIII was around the corner at every anouncement, and continue to burn gas to go to the corner store, then nothing is going to change. If people finally start trying to become more efficient with their gas use, and stop buying in masses at every prediction/announcement, then maybe one day the beginning a vicious circle game will no longer work as much. If we stop acting like morons, we won't get treated as such anymore.


I still have 2/3 of a tank of 96.4 c/L in my car....

Jesuscookies

iTrader: (1)

This caught my attention, so excuse this foreigner for stepping in, and posting. Japanese fuel companies, as well as others, can hedge fuel, which is one of the ways that the price could have remained the same. With that said, However, I am a jaded **** just like everyone else, and tend to believe it is the big buisness sticking it to us.