How low Can Oil Go! But watch we will pay the highest price for fuel ever in Western Canada!

[bucket]

Charliep

What was the price of oil a year ago?

[bucket]

100 bucks a barrel last year this time.

They excuse for high gas prices now is what?

The cdn dollar? Doesn't hold water since we produce here from oil production here and export it. And Canadian oil prices are lower due to quality and distance from the hub.

Consumers getting ****ed? At least they will know the feeling of no KY.

Really surprised no one is questioning it?

[charliep]

Perhaps to highlight that a significant portion of gasoline prices is taxes. The link below is a bit dated but provides provincial breakdown 2012.

[URL="http://retail.petro-canada.ca/en/fuelsavings/2139.aspx"]Petro-Canada[/URL]

I also note the impact of the lower valued loonie on crude oil prices. Yes WTI is $50/barrel minus whatever the Alberta discount is but the Canadian based price would be higher because of the loonie. You also have refining costs which don't change that much.

Can't explain the day to day changes at he pump but I don't necessarily think the price is that far out of line as you would indicate.

[bucket]

So the price of gas shouldn't change between 50 and 110 bucks a barrel and with a stronger dollar that goes with it.

Let's see how this plays out.

My guess is that you will be paying 2 bucks a liter for gas before u out know it charliep.

And you justified it by your comments.


2 bucks a liter X 4.5 is only 9 bucks cdn an imp gallon.

Some people can remember 90 cents an imp gallon and that wasn't long ago.

[Oliver88]

Bucket, in the early 70s farm diesel in Sask was 17 cents per imperial gallon.
Also, if you believe fuel will be $2 per litre you should be buying oil company shares that have retail outlets.

Which company is best to buy?
Suncor?
Imperial?