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-- Drivers gas up early today!
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Posted by muzzybear on Jun-27-2005 10:26:

Drivers gas up early today!

Gas will be up over $1.00 per litre by the end of the day! Someone at work just mentioned that barrels of crude are going for $60 each which will make prices skyrocket!

I still can't figure it out... doesn't the government and gas companies have like a 10 year supply already put aside?


Posted by malek on Jun-27-2005 13:38:

Re: Drivers gas up early today!

quote:
Originally posted by muzzybear
I still can't figure it out... doesn't the government and gas companies have like a 10 year supply already put aside?


hell no


Posted by Soundwerks on Jun-27-2005 13:51:

it went up to 102.4 last week....then back down to 99.9


Posted by milos on Jun-27-2005 13:55:

i gassed up last night for 77 and today its up to 90

www.ontariogasprices.com is a good website to find the cheapest pump


Posted by StereoPrincess on Jun-27-2005 14:01:

good call.


Posted by VERTiG0 on Jun-27-2005 14:37:

I paid 85.4 in Cambridge about 30 minutes ago.


Posted by malek on Jun-27-2005 14:40:

get used to it, it'll hit the 2$ mark in the near future.


Posted by Irishaddict on Jun-27-2005 14:40:

88.7 in Hamilton right now.


Posted by Stingray on Jun-27-2005 14:57:

Its a good thing I gotta use Ultra 94....

add 12 cents to whatever the sign says


Posted by Jayx1 on Jun-27-2005 15:14:

funniest thing yesterday...

I saw a smart car.... and right behind it was a gigantic 1973 Caprice.

So i commented to my friend ,,,, A european smart car followed by a north american dumb car.
LOL


Posted by rabbitjoker on Jun-27-2005 15:19:

Good news for my RBC Energy fund!


Posted by DJ_Science on Jun-27-2005 15:39:

quote:
Originally posted by rabbitjoker
Good news for my RBC Energy fund!

No kidding.


Posted by rabbitjoker on Jun-27-2005 15:45:

quote:
Originally posted by DJ_Science
No kidding.


Annualized return (since purchase): 60.11%
(as of June 27 2005)

Too bad it's locked up in my RSP, otherwise we'd have some new toys...


Posted by Swamper on Jun-27-2005 19:31:

Re: Drivers gas up early today!

quote:
Originally posted by muzzybear
I still can't figure it out... doesn't the government and gas companies have like a 10 year supply already put aside?


http://en.wikipedia.org/wiki/Peak_oil


Posted by zoogla on Jun-27-2005 19:47:

http://www.pulse24.com/news/pump_patrol/index.asp

...there were a few other sites that came on T.V.; will post as soon as I find out...


Posted by Irishaddict on Jun-27-2005 20:15:

quote:
Originally posted by Jayx1

I saw a smart car.... and right behind it was a gigantic 1973 Caprice.



I told my mom to buy one of those smart cars. That way, when she does something dumb driving, people can just run her over.

Best way to learn I'd say.


Posted by rabbitjoker on Jun-27-2005 20:34:

I just paid 81.9 at the Sunoco (93.9 for the 94 octane that I put into my car).

Actually cheaper than most of last week.


Posted by miketg23 on Jun-27-2005 21:25:

I don't know all the inns and outs, but I do know that anywhere west of Quebec uses western canadian oil to produce its gasoline. I'm not sure if the oilrigs on the east coast are enough to supply the rest of the country, but I know, us as Canadians, buy very little of OPEC's oil. Since we are using our own oil, it doesn't seem to make sense that we should pay the world market rate for it. Then again, like I said, I don't know all the inns and outs, just food for thought.


Posted by rabbitjoker on Jun-27-2005 21:28:

quote:
Originally posted by miketg23
as Canadians, buy very little of OPEC's oil. Since we are using our own oil


Canada exports about 2/3 of it's oil and gas.

Why? It's simply cheaper to buy it elsewhere. Extraction costs in Canada are fairly high (compared to Venezuela or the mid-East) - but thanks to the global economy we can cost average our cost of consumption by exporting the expensive oil and replacing it with cheap imported oil.


Posted by muzzybear on Jun-28-2005 07:12:

Nice link, Swamper! I feel all edu-mucated! Looks like my overnights aren't causing too much brain damage-amage-amage!

I paid 84 myself Monday morning, which is so much lower than what it's been out here! I hear Montreal has been paying over $1 per litre while we've been bitching about 90 + cents!


Posted by 4-play on Jun-28-2005 10:10:

quote:
Originally posted by rabbitjoker
Canada exports about 2/3 of it's oil and gas.

Why? It's simply cheaper to buy it elsewhere. Extraction costs in Canada are fairly high (compared to Venezuela or the mid-East) - but thanks to the global economy we can cost average our cost of consumption by exporting the expensive oil and replacing it with cheap imported oil.


well said RJ!


Posted by E2EK1EL on Jun-28-2005 11:10:

I buy my gas in Scarb .... between 11pm - 4am @ Shepard & Warden. Depending on their mood, they will drop their price's lower then any stn on the east side. Told my friends about it and they didn't belive me at until I showed them. Something about that Sunco & Shell location, maybe the 2 owners really hate each other or some shit, to compete who has the lowest gas rates.

Filled up lastnight at 11:30pm @ 76.5

Check your hood for the cheapest gas rate and time. I've even booked marked this on my phone, incase I'm running low on gas and need to fill up.

www.torontogasprices.com


Posted by VERTiG0 on Jun-28-2005 14:04:

I just paid 92.9 for 87 octane here in Cambridge.

That's the lowest I saw. They're all in the 92-93 cent range.

I feel sorry for my neighbour with his '04 Cobra who runs Sunoco 94 + toulene mixture.


Posted by Jer on Jun-28-2005 14:11:

quote:
Originally posted by VERTiG0
I just paid 92.9 for 87 octane here in Cambridge.

That's the lowest I saw. They're all in the 92-93 cent range.

I feel sorry for my neighbour with his '04 Cobra who runs Sunoco 94 + toulene mixture.


I'm going to need to Gas up later today. I'm dreading this..


Posted by baystreetboi on Jun-28-2005 14:13:

quote:
Originally posted by miketg23
I don't know all the inns and outs, but I do know that anywhere west of Quebec uses western canadian oil to produce its gasoline. I'm not sure if the oilrigs on the east coast are enough to supply the rest of the country, but I know, us as Canadians, buy very little of OPEC's oil. Since we are using our own oil, it doesn't seem to make sense that we should pay the world market rate for it. Then again, like I said, I don't know all the inns and outs, just food for thought.


Wasn't there a little something called the "National Energy Policy" which Trudeau started which advocated just this plan? It destroyed him in a subsequent election.

This plan would basically be asking Alberta to subsidize Ontario / central Canada. (I think we all know how highly the west thinks of central Canada as it currently stands!)


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