What's your gas price? 2.0
- Thread starter Retired AF Guy
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114.9!
I predict high 20's to low 30's this summer.
I predict high 20's to low 30's this summer.
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agreed! I think I will sell my car and opt for a kick ass USMC Para Bike!!!
http://www.montaguebikes.com/productpara.html
Will save TONS of mone on insurance and gas $. Will also be a great addition to my fitness regime!
http://www.montaguebikes.com/productpara.html
Will save TONS of mone on insurance and gas $. Will also be a great addition to my fitness regime!
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And up it goes again.
Victoria is back to 122.9 Hello summer.
Remember, BC doesn't only stand for British Columbia. It also means Bring Cash.
Victoria is back to 122.9 Hello summer.
Remember, BC doesn't only stand for British Columbia. It also means Bring Cash.
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113.9 in Halifax....I was in Truro this afternoon where it was a penny more...114.9
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Saw 1.23/L... urgh.
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I saw $1.06 P/L in the west end of Ottawa today
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This can't be good news. any reaction at the pumps anywhere yet?? Our price in NS can't change till Friday but with this kind of news it's probably only got one way to go. Despite predictions of really high prices this summer it manged to stay around 1.10 here (which is high enough)
Oil hits record $80 US a barrel
Last Updated: Wednesday, September 12, 2007 | 5:07 PM ET
CBC News
Oil prices waded into uncharted territory above $80 US a barrel Wednesday after the U.S. government reported a big drop in crude oil inventories.
Crude oil futures for October delivery settled at $79.91 US, up $1.68 US from Tuesday's New York settle price. Earlier in the day, the price briefly touched $80.18 US. That easily tops the previous intraday record oil price of $78.77 US a barrel, set on July 31.
While Wednesday's price level does amount to a new all-time high, analysts point out that when inflation is taken into account, it falls short of record ground.
During the oil supply shock that followed the Iranian revolution in 1979, inflation-adjusted oil prices rose to about $100 US a barrel level in 2007 dollars.
The latest move up was prompted by the morning release of supply figures by the U.S. Energy Information Administration. They showed an unexpectedly large drop of 7.1 million barrels in crude inventories in the past week. Analysts had been forecasting a drop of only 2.7 million barrels.
Inventories of gasoline fell by a more-than-expected 700,000 barrels and refineries were also less active. Refinery utilization fell by 1.6 percentage points to 90.5 per cent of capacity, the EIA said. A drop of just 0.1 percentage point had been expected.
The TSX energy index was up 1.4 per cent in mid-afternoon trading — making it the best-performing sector on the exchange.
Oil hits record $80 US a barrel
Last Updated: Wednesday, September 12, 2007 | 5:07 PM ET
CBC News
Oil prices waded into uncharted territory above $80 US a barrel Wednesday after the U.S. government reported a big drop in crude oil inventories.
Crude oil futures for October delivery settled at $79.91 US, up $1.68 US from Tuesday's New York settle price. Earlier in the day, the price briefly touched $80.18 US. That easily tops the previous intraday record oil price of $78.77 US a barrel, set on July 31.
While Wednesday's price level does amount to a new all-time high, analysts point out that when inflation is taken into account, it falls short of record ground.
During the oil supply shock that followed the Iranian revolution in 1979, inflation-adjusted oil prices rose to about $100 US a barrel level in 2007 dollars.
The latest move up was prompted by the morning release of supply figures by the U.S. Energy Information Administration. They showed an unexpectedly large drop of 7.1 million barrels in crude inventories in the past week. Analysts had been forecasting a drop of only 2.7 million barrels.
Inventories of gasoline fell by a more-than-expected 700,000 barrels and refineries were also less active. Refinery utilization fell by 1.6 percentage points to 90.5 per cent of capacity, the EIA said. A drop of just 0.1 percentage point had been expected.
The TSX energy index was up 1.4 per cent in mid-afternoon trading — making it the best-performing sector on the exchange.
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St. John's, NL $1.11/L
ironduke57
Sr. Member
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I don´t know what you want. Normal gas is here almost at 2 Euro/l which is around 2.9 canadian Dollar. So be happy with your gas prize. It could be much worse.
Regards,
ironduke57
Regards,
ironduke57
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ironduke57 said:
We've circled that route in this very thread I believe. While what you have stated is very true, there is also much better, more accesible, effecient, and cost-effective mass transport & public transport etc systems available in those applicable parts of Europe. With a such smaller scale of land mass to cover than here. That's something we do not have the benefit of here in Canada on a large scale border to border basis, and it makes all the difference in the world.
You win some, you lose some. We win some, we lose some.
Colin Parkinson
Army.ca Myth
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currently $1.05.9 in Vancouver with an evening drop to .99.4
What affects prices here is refining capacity, the actually supply of the various level of crude is so high that there is a concern that there will not be enough storage to hold all of the crude that is coming online. Endbridge is currently going through a review process to build a another pipeline to the US which will also act as storage, there are a couple of other pipeline "loops" almost completing the review process, but all of these will only delay the current storage crisis to the near future. Endbridge has not totally given up on it's pipeline to Kitmat and is still investigating a VLCC oil terminal in Kitimat. this would be to ship oilsand crude to China.
Currently in Canada, the ability to refine diesel is falling behind demand. With the advent in 2009 of a large number of European diesels coming in, the shortage of fuel will drive the price up some more.
What affects prices here is refining capacity, the actually supply of the various level of crude is so high that there is a concern that there will not be enough storage to hold all of the crude that is coming online. Endbridge is currently going through a review process to build a another pipeline to the US which will also act as storage, there are a couple of other pipeline "loops" almost completing the review process, but all of these will only delay the current storage crisis to the near future. Endbridge has not totally given up on it's pipeline to Kitmat and is still investigating a VLCC oil terminal in Kitimat. this would be to ship oilsand crude to China.
Currently in Canada, the ability to refine diesel is falling behind demand. With the advent in 2009 of a large number of European diesels coming in, the shortage of fuel will drive the price up some more.
