Retail gasoline

[samhill]

I'm sick of it, $Cdn at .8145, crude at $US60 and we hosed at $1.059 per litre.
Crude at that is $Cdn73.66.

[bucket]

Try 1.15

Coop was taxpayer money for the most part.

They buy their oil for well under world price.

[foragefarmer]

Retail gas has gone up 40% since January 2015, yet a barrel of oil is at $60.00. I guess the refineries are doing their part in controlling the supply to get that gas price to go up.

They certainly know how to control supply, maybe we as farmers in North America could take lessons.

[bucket]

As on another thread don't worry about what we pay or what they pay, it's just the basis.

It's all good and fair, move along folks.

We have ****ed up grain prices, retarded fuel and fertilizer prices based on prices set half way around the world while these companies export to them where consumers pay less for fuel and fertilizer produced here.

And our elected officials just ignore it because they all have tax free dollars and gold plated pension.

Not big into government regulation but someone should be looking at the correlation of sub 60 saskatchewan oil and 1.15 a liter gas.

Can you imagine what gas will cost when oil goes to 120 a barrel?

[farmaholic]

As far as I'm concerned everything is priced according go the adage, "what the market can bear". The consumer paid about $1.24 for a liter of gas before and could still pay it today regardless what a barrel of oil is worth. The same principle is applied to the inputs, especially fert but not chemical, that we use although little more relevent to what we get for our commodity.

[sk_wheatking]

Guys I said it here before. The oil companies love this lower price more than you think. Lower oil price means a good time to purge the dead wood employees, then use every excuse in the book to keep gas prices up. When oil hits $80 the price per liter will be put up to close to $2/ liter which is where they have wanted it to be for quite a while now. Gas has gone up over 20 cents a liter in Sask in the past couple of weeks. They put it up 10 cents a liter, people complain, then a few days later they drop it 2 cents and everyone is happy because gas went down!

[bucket]

Farmaholic

Fair enough but taxpayers paid for the refinery upgrades back in the 80s and 90s.

Somehow the ROI wasn't that good for the government of the day when they sold the province's share for pennies.

So short sighted politicians put us in a position of pay what the market can bear all the while listening to nonsense like.... "we all own the coop and you are at home here...."

[binthere]

prices of fuel market driven. if the true priciples of supply and demand were excersised maybe. collusion is in the way of that.

[bucket]

What does the word collusion mean exactly.

Is it no longer a crime?

Seems it isn't, it's rewarded.

[MBgrower]

Good point bucket. If depape was on here he would say its all in the basis. If you dont like the basis, Then dont buy gas. LOL.

[bucket]

Depape is retired. He got his brown bag from the conservatives.

[bgmb]

yep if you dont like the gas basis just drive down the road and buy at the next station dummy.

[bucket]

All too funny.

And many fall for the nonsense.

**** pretty soon it will make sense to drive grain to vancouver so that I can fill up the semi.

Front hopper grain and the back trailer a fuel tank. Maybe put fertilizer in the front for the ride home. Just as ridiculous.

And pay less than 55 miles from a refinery and fertilizer plant.

[samhill]

http://www.northdakotagasprices.com

[bucket]

2.50 as average divided by 3.78 US gal to liters equals 66 cents a litre.

That's usd I don't know if a guy should convert to canadian dollars for comparison because the fx should be accounted for in the basis. Lol.

The gas in north dakota probably comes from regina. Not all but some.

That's quite a difference must be in the taxes.

Did I mention north dakota has better highways too. And probably lower taxes.

Go figure