Gasoline <$1 For How Long?

[ThePenIsMightier]

It's 2020 and gasoline around Calgary is less than a dollar per liter. Way less! I'm seeing about 63 cents today and I think it's about mid 50's in Edmonton. And, it still seems to be dropping!
How long do you think gasoline will stay under a buck?
The combo of some dick swinging between OPEC & Russia along with COVID-19 pandemic has sent the price lower than I've seen in... More than 15 years?

What's your guess for when we see it get above a dollar and why?

[ExtraSlow]

Spring 2021. It will take 6 months supply to ramp down from USA production, and then another 6 months to work through to work through the vast amount in storage.

[revelations]

Yea its nuts, the last time I saw 60c was when I was living in Richmond BC in 1999.

Electric vehicle sales no doubt are double impacted a) recession and b) stupid low gas prices

[killramos]

Nobody is buying an electric vehicle because it saves them money. So I don’t buy the “low gas prices will put a dent in electric vehicle sales” shtick.

[ThePenIsMightier]

Spring 2021. It will take 6 months supply to ramp down from USA production, and then another 6 months to work through to work through the vast amount in storage.

I think it will be 12 months after the shit show is behind us and I think that's several months away. I'l was thinking maybe 18-24 months until we see 99.9¢/L plus I think it'll need to be summer. Although... If we keep carbon taxing the fuck out of ourselves, it could be much much sooner.
I'll guess July of 2022.

[revelations]

Nobody is buying an electric vehicle because it saves them money. So I don’t buy the “low gas prices will put a dent in electric vehicle sales” shtick.

Absolutely some people are - esp in places like Vancouver.

However the total numbers dont lie - replacing a good used ICE vehicle with a brand new, 100,000$ EV makes little sense in terms of savings - unless you drive ridiculous amounts in the city.

[The Cosworth]

I remember filling my celica for $20 (around $0.65) or so in 2000/2001. Last big crash I felt that was the closest I'd ever get to that feeling again.

[ShermanEF9]

I remember being a kid in the mid to late 90s wondering why 72.9 in victoria was so expensive.

[ThePenIsMightier]

I remember being a kid in the mid to late 90s wondering why 72.9 in victoria was so expensive.

I just (today) tossed a Victoria gas receipt from almost exactly two years ago. It was $1.76/L !!
A little unfair as it was Chevron-94, but still.

[msommers]

Back in my day...

[ExtraSlow]

Back in my day...

+1...........

[spikerS]

Back in my day...


+1...........

I remember bitching about filling the dual tanks on my '86 Chevy K10 truck because gas jumped to $0.70/L

[dirtsniffer]

90243

The last two sudden drops had a recovery after 3 months. This seems worse so ill guess mid summer

[rage2]

https://forums.beyond.ca/threads/17478-94-Octane-Pump-Gas-is-HERE-at-Mohawk!

68.4 summer of ‘03.

[The Cosworth]

Back in my day...

shut your pie hole sunny

[blownz]

https://forums.beyond.ca/threads/17478-94-Octane-Pump-Gas-is-HERE-at-Mohawk!

68.4 summer of ‘03.

I miss only paying 10 cents extra for premium. Now it is 20+ cents and they don't seem keen to roll that back with prices way down. :(

[hampstor]

I just (today) tossed a Victoria gas receipt from almost exactly two years ago. It was $1.76/L !!
A little unfair as it was Chevron-94, but still.

It's still posted 104.9 today (over in View Royal and Esquimalt anyway). The Costco is now below $1 though!

[Tik-Tok]

I miss only paying 10 cents extra for premium. Now it is 20+ cents and they don't seem keen to roll that back with prices way down. :(

28c difference at Shell, which is utterly ridiculous.

[Xtrema]

28c difference at Shell, which is utterly ridiculous.

Holy shit. Have not been there in ages, that's crazy, airmiles and all.

[sabad66]

What’s the premium differential at other brands? Are any others as high as 28c?

[ThePenIsMightier]

What’s the premium differential at other brands? Are any others as high as 28c?

I've never seen higher than 20¢. If Shell is doing that, they can FRO.

[beyond_ban]

I've never seen higher than 20¢. If Shell is doing that, they can FRO.

According to Gas Buddy, the beltline Shell on 17th is charging 90.9c for premium and 62.9c for regular. Both of those prices have been updated today so they should be accurate... ridiculous.

https://www.gasbuddy.com/station/69013

This Husky is even worse though at 33c difference.

https://www.gasbuddy.com/station/16216

[npham]

Shell's premium always has the highest differential because of the lack of ethanol in their 91. Clearly must be students in this thread.

[lasimmon]

How much does the increased carbon tax tomorrow going to increase gas price?

[Tik-Tok]

How much does the increased carbon tax tomorrow going to increase gas price?

$10/litre according to Facebook.

In reality, 2.21 cents

[lasimmon]

Not terrible.

[ThePenIsMightier]

Has Co-Op still not said how many cents/L they are going to reward, this year? When do they normally announce?
Do you think the extremely low current gas prices will make their rebate less?

[shakalaka]

At Esso in Edmonton, I filled up premium at 84 cents. My mind was blown and although of course you save money, I am terribly sad about the state of affairs. I would much rather be paying $1.30 or whatever for premium like the good old days.

[msommers]

Filled up at Shell regular for 59.9 yesterday.

Where am I, what day is this Marty?

[RX_EVOLV]

Just filled up at Centex. Still 18c differential. I think costco is also at 18c

[Xtrema]

Has Co-Op still not said how many cents/L they are going to reward, this year? When do they normally announce?
Do you think the extremely low current gas prices will make their rebate less?

I thought they do away with cents/L and just roll that into dollar amount purchased?

[ThePenIsMightier]

I thought they do away with cents/L and just roll that into dollar amount purchased?

I don't know. Last year it was 8 cents/L

[Twin_Cam_Turbo]

I got almost $600 back from fuel last year, it was nice.

[KPHMPH]

$1.50/ gallon for regular where I live + $2.00 / gallon for Diesel

So amazing

[dirtsniffer]

what's amazing about that?

[ThePenIsMightier]

what's amazing about that?

That's $0.396/L. As cheap as we are, here, he's still getting gasoline for about 35-40% less than we are.

[bjstare]

what's amazing about that?

He's a truck driver.

[dirtsniffer]

That's $0.396/L. As cheap as we are, here, he's still getting gasoline for about 35-40% less than we are.

After exchange its closer to $.53/L. We also have more in taxes.

Also I think he's an oilfield trucker?

[KPHMPH]

Oilfield yes, I pretty much save $200 / time I fuel!

[Neil4Speed]

What the hell is with the Diesel/Gas differential, it has never been this much in terms of a percentage. Gas is 59.9, Diesel 94.9 at a Shell I drove by yesterday. Wild!

[ExtraSlow]

It's retribution for dieselgate

[dirtsniffer]

Oilfield yes, I pretty much save $200 / time I fuel!

And having to fuel up half as often makes it even better amirite

[happy hopping]

I fill up at $0.8 on March 25, today, when I refill, it's at $0.809, no change

meanwhile, regular unleaded price did drop when you refill

any idea why?

[killramos]

You need to provide a credit check to buy high octane. Duh.

[Twin_Cam_Turbo]

Sweet sweet 84.9 cent diesel today.

[ThePenIsMightier]

I fill up at $0.8 on March 25, today, when I refill, it's at $0.809, no change

meanwhile, regular unleaded price did drop when you refill

any idea why?

Maybe a bankrupt Honda dealer can get you into a new Honda that doesn't require premium fuel...

[schurchill39]

Yesterday gas went from 61.9 to 79.9... what gives?

[flipstah]

Yesterday gas went from 61.9 to 79.9... what gives?

Alberta is great again

[Tik-Tok]

Yesterday gas went from 61.9 to 79.9... what gives?

New carbon tax increase.

Source: Facebook

[Disoblige]

99.7 cents by September 13th.

[ExtraSlow]

99.7 cents by September 13th.

You forgot the WW regression.

[ThePenIsMightier]

Bump

So, it's been stuck at $0.98 or $0.99 for a week or two. That makes me think it will peak into the $1.xx at some point, soon and that's a lot sooner than my guess was.

[ExtraSlow]

WTI oil has been range bound as well. That's part of it.

[Twin_Cam_Turbo]

Have been enjoying sub 90 cent diesel this year.

[ThePenIsMightier]

Bump.
I was away for much of July. I don't think it popped above $0.999 in July, did it? Is this streak still going?

[ExtraSlow]

I think there was a week at the start of August where it was like $1.039 or something. Maybe the long weekend.

[2002civic]

Looks like 105.9 in the North everywhere.

[dirtsniffer]

87.9 in the sw.

[Homerrca]

93.9 at the SE costco yesterday but pretty sure it went up this morning.

[rage2]

I’m down to a tank of gas every 4-6 weeks, doesn’t even matter what prices are at anymore.

[killramos]

I’m down to a tank of gas every 4-6 weeks, doesn’t even matter what prices are at anymore.

Hippy

[The Cosworth]

I’m down to a tank of gas every 4-6 weeks, doesn’t even matter what prices are at anymore.

Yeah the first 3 weeks of working at home I used $16 worth of Premium. I regretted lining up at Costco for that savings.

[Tik-Tok]

Yeah the first 3 weeks of working at home I used $16 worth of Premium. I regretted lining up at Costco for that savings.

The lineup at Costco is never worth the savings. I always drive by it first, and if there's any line, I just go to Coop. It's the same price once you factor in the annual cheque you get back.

[The Cosworth]

The lineup at Costco is never worth the savings. I always drive by it first, and if there's any line, I just go to Coop. It's the same price once you factor in the annual cheque you get back.

A truck that takes premium it sure does. LOL.

Yeah for my GTI, I only ever go there if I have to be there already.

[s dime]

Has anyone heard the details on the co op fuel rebates? I haven’t heard anything since the grocery stores started using save on foods and booted federated. I assume federated won’t want to pay fuel rewards now due to the “damages” incurred.

[ThePenIsMightier]

Well, it looks like it's officially over as it's definitively been above $0.999 for about a week.
I formally declare dirtsniffer to be the winner with the closest guess of "mid summer".

90243

The last two sudden drops had a recovery after 3 months. This seems worse so ill guess mid summer

Please keep an eye on your post office box for your grand prizes: Fuddruckers coupons and Woodward's gift certificates. They should be arriving in 6-8 weeks.

[dirtsniffer]

Not a big deal. I think I'll start giving out awesome stonk advice. Reading Charts!

[ThePenIsMightier]

Not a big deal. I think I'll start giving out awesome stonk advice. Reading Charts!

*Advise

[ExtraSlow]

addd-vayyyyy-seeeee

[ThePenIsMightier]

Gasoline has been stable as shit for several months. Eerily stable...
Do we all need to go fill our garbage cans tomorrow to avoid some TrudohTax that comes in on Friday?

[Maxt]

Gasoline has been stable as shit for several months. Eerily stable...
Do we all need to go fill our garbage cans tomorrow to avoid some TrudohTax that comes in on Friday?
I now have 3 vehicles with engines 8.3 litres or larger, I will be personally be paying for everyone's Cerb over the next year.

[ExtraSlow]

I now have 3 vehicles with engines 8.3 litres or larger, I will be personally be paying for everyone's Cerb over the next year.

Thank you for your service

[arcticcat522]

I now have 3 vehicles with engines 8.3 litres or larger, I will be personally be paying for everyone's Cerb over the next year.

You are the hero we need.

[ThePenIsMightier]

Thank God you lived!!!