Crude Oil

[farming101]

Has posted a 16 year low on the nearby chart. Do not think that this will result in cheaper and cheaper fuel. Could be quite the opposite after a while

[4GFarms]

Down $2/barrel. Bring on the cheap fuel!!!

[errolanderson]

Historic lows for Cdn Select this morning . . . .

Alberta heavy crude now down $2.44 to $12.23 per barrel. Bitumen discounts now actually widening an extra $1 to $15 per barrel under WTI oil.

This is hammering the loonie . . . below 70 cents today.

[farming101]

Tipping point today for the CAD.
.6981 held for all of a couple hours. Wow

[bucket]

Margins have to be pretty good for the refineries....because gas is still at 96.9 cents at local co-op sign...

FN crooks....

[farming101]

Expect refineries of fully integrated oil companies to began to increase their margins on refined products.
What this will mean for retail prices I am not sure. Will depend on demand for products

[Guest]

Margins have to be pretty good for the refineries....because gas is still at 96.9 cents at local co-op sign...

FN crooks....

Was $.78 in stoon yesterday

[farming101]

Rack price today at Saskatoon is .513/l for diesel and .371 for gasoline. We have hit rock bottom on gas or very near to it

[SASKFARMER]

Last time oil was down here I bought real soon . This time not sure.

[bucket]

Rack price today at Saskatoon is .513/l for diesel and .371 for gasoline. We have hit rock bottom on gas or very near to it

I am making the assumption thats the cost of refining ...any lower and they are actually losing money?

96.9 at the local co-op yesterday as I drove by...they are still cleaning out the rural people's wallets...

[farming101]

I am making the assumption thats the cost of refining ...any lower and they are actually losing money?

96.9 at the local co-op yesterday as I drove by...they are still cleaning out the rural people's wallets...

No that is the tax component of a liter of gas, or close to it.
The cost of existing stock is being passed on to the consumer where there is no competition. Which is most places in SK

[bucket]

No that is the tax component of a liter of gas, or close to it.
The cost of existing stock is being passed on to the consumer where there is no competition. Which is most places in SK

Fair enough but when they refill the tanks at the co-op in buttphuck saskatchewan where there is no competition ..those lower prices should last longer....

Federated is owned by members or so they say....there is no reason to be gouging...it doesnt cost 20 cents a litre to get fuel by a super B or king B to the local and they show up almost every day