less than 1.00/L for gas!

[jcrules99]

92.9 at the petro on mcknight and centre?

[/////AMG]

Originally posted by Nissanaddict
91.9/L? That converted to cents?

That converted in to cents is $1.91/L.
Still a rip off, but thats cheap for us.

[msommers]

89.4 in Lake Bonivista at the Esso. I couldn't believe it!

[neon_ghost]

96.9 for premium center st and mcnight petro can!!!

[neon_ghost]

Originally posted by dodger97
I assume Syndey, Australia. The article did not specify but...it's the only one I am familiar with.

i think its sydney, nova scotia

[riceeater]

yeah, i filled up at 89c today, after it was 94c jsut a couple days ago ... from what i understand the edmonton refinery is having a hard time keeping up with demand so that's why prices are higher on the west coast... that was on QR77, coming from one of the big OIL guys when was asked the exact same question, namely, "why gas was cheaper in TO" than in the alberta. he says that the east coast suppliers are dealing a lot better with demand needs... that was his reason bs or not...

[msommers]

Anyone sure why gas prices are going down so fast? I'm not complaining at all just curious.

[Vagabond142]

92.4 at the sev on 162 Ave SW west of Shawville Blvd for 89 octane. 87 oct at 89.4 cents

[nonlinear]

Originally posted by Black Dragon
how come we pay so much more for gas then the states? when i was there it worked out to be 0.84 (low) and 0.96 (high) for gas, that with the conversion

Because US Govt subsidized the fuck outta their gas, the philosophy being that it helps economy

BTW, 87.4 at that ghetto DASH station on northmount and 14th st NW

[DepTrotter]

if anyone has a safeway gas station near them you get 7 cents off the litre

this is the first time it cost me under 50 to fill my tank in a long ass time

[black_radiation]

Originally posted by glennc
I haven't filled up in over a week, and it was 124 for premium.

This is GOOD news.

Its such a pisser to fill up a honda with a 40L tank and pay 50 dollars!

wait till you have to fill up a truck witha 90L tank and it has to be premium... then tell me what a pisser is... and im talking every 4 days

[asp integra]

saw it at 92 last night

[Supa Dexta]

Anyone wanna go half-sy's on a tanker truck now that its low, get ready for winter? or next summer? we'll just have to throw a few gallons of sta-bil in it..

[euro tang]

Crude oil could be destined for $15 a barrel
The Calgary Herald, 2006/09/18 (via InfoMart)

Here's why.

For most of the past two years, oil prices have risen because the world's oil producers have struggled to keep pace with growing demand, particularly from China and India. Spare oil production capacity grew so tight that market players feared that any disruption to oil production could create shortages.

Fear of disruption focused on fighting in Nigeria, escalating tensions over Iran's nuclear program, violence between Israel and Lebanon that might spread to oil-producing neighbours, and the prospect that hurricanes might topple oil facilities in the Gulf of Mexico.

Oil traders bet that such worrisome developments would drive up the future price of oil. Oil is traded in contracts for future delivery, and companies that take physical delivery of oil are just a small part of total trading. Financial players, such as large pension and commodities funds, are the big traders and they're seeking profits. They've sunk $105 billion or more into oil futures in recent years, according to Verleger. Their bets that oil prices would rise in the future bid up the price of oil.

That, in turn, led users of oil to create stockpiles as cushions against supply disruptions and even higher future prices. Now inventories of oil are approaching 1990 levels.

But many of the conditions that drove investors to bid up oil prices are ebbing. Tensions over Israel, Lebanon and Nigeria are easing. The hurricane season has presented no threat so far to the Gulf of Mexico. The U.S. peak summer driving season is over, so gasoline demand is falling.

With fear of supply disruptions ebbing, oil prices began sliding. With oil inventories high, refiners that turn oil into gasoline are expected to cut production. As refiners cut production, oil companies increasingly risk getting stuck with excess oil supplies. There's already anecdotal evidence of oil companies chartering tankers to store excess oil.

All this is turning financial markets increasingly bearish on oil.

"If we continue to build inventories, and if we have a warm winter like we had last winter, you could see a large fall in the price of oil," said Gary Pokoik, who manages Hedge Ventures Energy in Los Angeles, an energy hedge fund. "I think there is still a lot of risk in the market."

Should oil traders fear that this downward price spiral will get worse and run for the exits by selling off their futures contracts, said Verleger, it's not unthinkable that oil prices could return to $15 or less a barrel, at least temporarily. That could mean gasoline prices as low as $1.15 per gallon.

[/////AMG]

88.0p/L

[pepschnops]

82.5 in London ON

[Rockski]

Originally posted by riceeater
yeah, i filled up at 89c today, after it was 94c jsut a couple days ago ... from what i understand the edmonton refinery is having a hard time keeping up with demand so that's why prices are higher on the west coast... that was on QR77, coming from one of the big OIL guys when was asked the exact same question, namely, "why gas was cheaper in TO" than in the alberta. he says that the east coast suppliers are dealing a lot better with demand needs... that was his reason bs or not...

edmonton has been doing massive burn offs the past week or 2 although even with that it shoulnt affect the price that much just wait till theres another start up in northern ab and after it blows and gets fixed prices should take a massive step backwards

[NGRPLZ.NET]

89.9 for premium at the centex on center.

[syeve]

84.9 for regular at the esso in bowness

[AllGoNoShow]

84.9 Husky Hawkwood