gas prices


wtnhunt

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Seeing about $2.57 here.

There are several factors at play right now including Holiday seasons. Another is a lot of refineries are having to change out grandfathered equipment and its costing them. Thats just a tip of the proverbial iceberg....

One thing that seems to slip past the general public is the strong emission control (or NOx) set on refineries. They often have to use the best technology to reduce emissions and that technology isn't cheap. It often runs in the hundreds of thousands to millions for upgrades and then cost thousands to maintain the equipment.

In the United States, Canada, and a few other countries refineries are very restricted in their practices. Those restrictions are handed out by the Government and safety concerns. We get to pay for that at the pump.

Other places like China and the middle east don't necessarily observe those concerns. They still use old, outdated equipment because its cheaper to put a band aid on it. Their safety regulations aren't necessarily up to out standards either.

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Gas in southern Ontario is $1.12 per litre today. That's $5.08 per Imp gallon and $4.06 per US gallon (in cdn funds).

Gas right across the border in NY state is $3.08 per US gallon (in US funds). That's $3.85 per Imp gallon (in US funds) and $4.00 per Imp gallon (in cdn funds).

So I can save over $1.00 per gallon by crossing stateside and buying my gas there.

Diesel is $3.40 per UG gallon (in US funds) in NY state. Diesel in Canada is $1.07 per litre (in cdn funds).

TBow

TBow

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It has been on a steady climb here for over month. Depending where you go it is $2.76 to $2.88. Dealers adjust the cost they pay for new deliveries to the customer. So they say. Funny how all the high price gas is right on the highway and cheapest in town.

It is all a scam. I don't buy the refinery revamp or losses claimed. What did they do with the billions they have and are fleecing from the gas buying public?

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Shaun,

I bought some fuel stateside last week and thought like you that the cdn and the US dollar were close to parity, so it wouldn't cost me much. When I got my VISA bill, they tagged me almost 4% for the admin portion of exchanging funds. The cdn dollar was at or about $0.99 US, so all in all it cost me $0.05 on the dollar extra.

COSA!#FRASA*<?!RAMBA!$#>?

But suprprisingly, I still saved money as opposed to fueling up in Canuckistan!

TBow

Edited by TBow
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Oil is traded in dollars. Keep running the printer at the fed and printing dollars to pump into the economy and watch the $ drop and oil and commodities climb.

Just a big house of cards waiting for the Chinese to blow on it.

Just my 2 cents.

Your $.02 is spot on.

Right now the refineries have a glut of gasoline and diesel. there is absolutely NO supply issue.

The price keeps going up because Obummer keeps printing d**n money!!! The more money you print, the less it's worth so the more everything costs.

That'll fix the economy. Yep. :hammer1:

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Whenever you see the price of a barrel of crued oil on the news, that price is for oil futures 2 months down the road.

Still, that being said, the price of a barrel of crued just climbed to just shy of $90 US for January/February, but the price on the pumps immediately shot up $0.10/Litre ($0.45/imp. gallon) cdn here.

How do you spell "oil pricing"? = G-O-U-G-I-N-G :helpsmilie:

TBow

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