Gas Prices

[Topaz]

Yeah, but when people get mad at the gas prices we tend to take it out on the government and we do have a federal election coming up next year but I suppose they make sure the prices are down by then. oh, yeah, feds say they can't so nothing about it.

[GostHacked]

The 'new' conflicts in the M.E. will be used as an excuse to jack up gas prices. Stuff like that has been used before.

[GostHacked]

Correction, already has been used.

http://www.ctvnews.ca/world/a-brutal-terrorist-entity-why-canadians-can-t-ignore-the-crisis-in-iraq-1.1870955

Rising gas prices

One of the effects of the conflict that Canadians have already started to feel is a hike in gas prices.

The turmoil in Iraq has been driving gas prices to record highs across the country.

On Monday, the price for a litre of gas in Toronto reached an average of 141.9 cents a litre, according to the website Tomorrow's Gas Price Today. One year ago, the average price per litre was 129.7 cents.

Website co-founder Dan McTeague said the prices could climb even higher, due to the uncertainty over Iraq's oil supplies amid the unrest. He noted however, that gas prices have little to do with oil shortages or increased demand, and are based off of speculation.

"I think it's overreaction to a circumstance in which there's been no proof of any sort of disruption of supply," he said over the weekend.

Bokhari agrees, noting that he believes the prices will initially spike and eventually begin to taper off again, until something else happens in the region.

[overthere]

Seems like you're catching up with us out West........What's funny, from the very gas station I was at the other day, the Chevron refinery, the terminus of the current Kinder Morgan pipeline, is only a 15-20 minute drive (in traffic) away…….

No,not The West, just BC. Gas is more expensive in BC than it is anywhere in the west, since you introduced the carbon tax a few years ago.

[Derek 2.0]

No,not The West, just BC. Gas is more expensive in BC than it is anywhere in the west, since you introduced the carbon tax a few years ago.

Is there a Canadian jurisdiction further West then British Columbia? And yes, we certainly do have greater taxes on fuel consumption, but in comparison to Ontario with it’s lower rates, we’re not broke.

[Bonam]

The situations in Iraq and Ukraine are complete BS. They have no affect on our oil supply and they have no affect on the US oil supply. They have so much in reserve they don't even know where to keep it all.

This is all thanks to the robber bankers who speculate on commodities. They're artificially driving up the price by playing their monetary shell games.

Robber barons? You too can speculate on oil prices. You can open up a futures trading account with as little as $1k in capital. Or just trade ETFs that track the price of oil. It's not hard. Furthermore, the largest players in the markets tend to be operators of retirement funds for normal middle class folk.

[GostHacked]

Robber barons? You too can speculate on oil prices. You can open up a futures trading account with as little as $1k in capital. Or just trade ETFs that track the price of oil. It's not hard. Furthermore, the largest players in the markets tend to be operators of retirement funds for normal middle class folk.

See this is where we start running into trouble. Investments in the oil industry for retirement funds may not be the best way to go. If the US looses the grip via the petrodollar, all those retirement investments (and many others) are at risk of being completely worthless. Another angle on the 'interests'. If you cannot pay out those investments, you run into a situation like in Detroit and their bankruptcy. They could not pay out. Where did the investments go? Corruption was the cause there, but may not be the cause within the oil sector.

So we would have to support mucking up another country again just to keep control of the investments.

[overthere]

Is there a Canadian jurisdiction further West then British Columbia? And yes, we certainly do have greater taxes on fuel consumption, but in comparison to Ontario with it’s lower rates, we’re not broke.

Yes, Yukon is further west than BC.

Consult a map.

Gas prices in that remote place are less than in BC, despite all the fuel actually coming via BC by truck.

You're not broke at the moment in BC, but if history holds true that is temporary.

[Derek 2.0]

Gas prices in that remote place are less than in BC, despite all the fuel actually coming via BC by truck.

You're not broke at the moment in BC, but if history holds true that is temporary.

Yes, and that's because of the taxes in the Lower Mainland........what was your point again?

[overthere]

Yes, and that's because of the taxes in the Lower Mainland........what was your point again?

I was correcting the assertion that BC is "The West". It's part of the West, and not even the furthest West.

It's not the Lower Mainland taxes that increase the fuel cost, it's the carbon tax everywhere in the province.

People living in the Peace Country(yes that is part of BC though well outside the LM) travel regularly to Grande Prairie in AB to fill Tidy Tanks with fuel.

[Wilber]

I was correcting the assertion that BC is "The West". It's part of the West, and not even the furthest West.It's not the Lower Mainland taxes that increase the fuel cost, it's the carbon tax everywhere in the province.People living in the Peace Country(yes that is part of BC though well outside the LM) travel regularly to Grande Prairie in AB to fill Tidy Tanks with fuel.

The 6.7 cent carbon tax does apply to the whole province but Translink tacks on 17 cents to the price of gas within the GVRD. Even so, it is also what the market will bear. Lots of people go outside the GVRD to buy gas in places like Abbotsford allowing them to charge more. I was in Osoyoos yesterday and regular was 2 cents less than Abbotsford.

[Topaz]

So what are the oil and gas companies going to do, when most of the drivers are getting cars that is very easy on gas?

[kimmy]

On the Temporary Foreign Worker issue, people were saying that it's in the best interest of the economy to bring in TFWs to flip burgers and pour coffee because without them restaurant prices would go up and tourism would suffer.

Well, nothing is more destructive to tourism, or to the whole economy, than skyrocketing fuel prices. Just saying.

-k

[Wilber]

On the Temporary Foreign Worker issue, people were saying that it's in the best interest of the economy to bring in TFWs to flip burgers and pour coffee because without them restaurant prices would go up and tourism would suffer.

Well, nothing is more destructive to tourism, or to the whole economy, than skyrocketing fuel prices. Just saying.

-k

A lot to do with easy targets. TFW's easy. Fuel prices, not.

[Boges]

We're almost through Canada Day and the prices have levelled off.

[Big Guy]

There is a do-it-yourself project that will greatly increase the mileage that you get for your dollar. You start with a 6 foot piece of rubber hose. Find an empty gas can and then go ....