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

[grassfarmer]

Are you sure? I wasn't making a prediction just stating documented facts.

[SASKFARMER3]

Grass when I left fuel was down to .77 cents at the pump when I got back its 1.05 and higher at pump. So oil was at its lowest at 49 when I left its now at just over 50.
Am I missing some thing.
Did we not go up when oil was down. Are you getting a check from the oil companies now.
Really did fuel in your kneck of the woods not go up.
But a lot of experts in oil are saying 36 to 40 oil once the heating season is done.
Im going with that.
Plus do you honestly think in Canada the oil companies will drop fuel costs once our winter is gone. Their getting us ready for over a dollar all summer even with low oil.

[grassfarmer]

Yep, it went up but it didn't go up to the "highest fuel price ever experienced in Western Canada" nor did we have before, or since, "the most expensive fuel in North America" given that every other province in Canada has more expensive fuel than the 3 prairie provinces.
Facts not BS.

[bucket]

Rather than arguing how about we agree that the price of gas relative to oil is way out of line. Gas tracks oil up but never on the way down.

Inventories of oil and ethanol are coming into burdensome levels. Somethings gotta give.

[SASKFARMER3]

Grass have a coffee and sit back and think. Its a title for a thread. You want to challenge just to stir the pot have fun continue I really don't care.
Price is up oil is down and guess what its going up again evey day.
Fair no its Canada and USA and Oil companies run the show.

[charliep]

Can't comment on farm fuel but Alberta gasoline prices at the pump have varied from 70 cents per litre to 96 cents recently. Variability is more an issue than high cost. A lot cheaper than $1.20/litre from a year ago.

[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?