WTF is with gas prices?

[HiTempguy1]

Oil and gas futures haven't moved much, and yet gas and diesel have skyrocketed. Gas was 92.4 maybe a week or so ago? And diesel was 96.4.

So whats going on? Aftermath/catchup from the hurricanes? Like I said, Bloomberg shows a bit of change, but 112.4 is basically what we were paying when oil was over $100/barrel.

[firebane]

Yup in a 2 week period I have seen as low as 94 cents and as high as 1.14

http://www.CalgaryGasPrices.com/reta...tme=1&units=ca

[civic_stylez]

Its definitely been a long time since fall/winter prices have exceeded summer pricing. Gouging is in full effect.

[CivicDXR]

Midwest US pipeline issues, causing supply issues. Pump prices going up all over North America.

[Gestalt]

Supply and demand obviously.

[Maxt]

Where's the gasbot twitter now?
They are blaming a pipeline in the Midwest and it being a traded commodity.

[G-ZUS]

I've been hearing some stations are 1.28 or so today?

[speedog]

Hold on to your knickers, just drove through Centre/McKnight and two of the three stations are up to 127.9 from 114.9 earlier today and 101.9 on the 30th. Up 26 cents in 3 days, whoo hoo.

[NissanFanBoy]

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I've been hearing some stations are 1.28 or so today?

Wtf?????? Is that a record in Calgary? Or are you talking premium?

[ExtremeSi]

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Wtf?????? Is that a record in Calgary? Or are you talking premium?

I remember when it hit $1.40 many years ago. For regular.

[spikerS]

yeah, seems to be gouging. Just checked the wholesale costs, and Petro is listing 87 octane at $0.81/L before taxes as the daily price in YYC. So, taxes are like what? 15% with the carbon tax and levies? and then a 10 cent profit margin? I think prices should be in the $1.05 area.

[Maxt]

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Wtf?????? Is that a record in Calgary? Or are you talking premium?

Also helping the record price is two tax increases on it in the last 2 years. The first tax increase was planned by the pc's but implemented under the NDP, who then also added carbon tax to it , and another carbon tax hit on it comes this new year. Since it bought exactly sweet fuck all for the "social license" , the blow back on the carbon tax increase should be interesting.

[spikerS]

And Shells' wholesale prices are about 2 cents/L cheaper too.

[ickyflex]

It's okay portfolio gains on O&G offset! haha

[dj_patm]

Refinery outages blamed again.

You have to understand certain markers set the prices for the entire continent.

[Sentry]

Glad the M5 is tucked away and only gotta pay for 87oct for the next 6 months.

[kertejud2]

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Where's the gasbot twitter now?

Only took a year for the crippling tax to finally win out. Hopefully Kenney and Fildebrandt put some fuel stabilizer in those jerry cans.

They are blaming a pipeline in the Midwest and it being a traded commodity.

Oh, so it wasn't the tax at all, but supply and production issues instead. Like every other time there's a spike in fuel prices around the same times, every single year.

[Maxt]

Just think it would only be a 1.20 or so without it.

[spikerS]

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Just think it would only be a 1.20 or so without it.

only....

[msommers]

I'm guilty of it from time to time but isn't it ironic when a car forum complains about prices for gas.

A little too ironic. Don'tcha think?