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Gas prices & greediness. I do not understand
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| twentypercent |
So, price of Crude Oil per barrel dropped to about 74 $ today. Lowest in 13 months.
Price at the pumps, goes UP about a cent to 122.7 cents . litre
Price last year was about 105.5 cents . litre (crude oil price was around the same)
So, when crude oil prices per barrel go UP a dollar, prices at the pumps here in Ontario sky rocket up too.
When crude oil per barrel goes down, nothing happens. It goes deeper down, yet nothing happens.
Is it that our leaders are greedy and I am the only idiot that doesnt understand that, or am I the idiot that is totally wrong and , yes they have the right to charge us WHATEVER their greedy bellys want.
Please explain
Thank you ! |
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| ChemEnhanced |
| The barrel of oil they sell at the lower price isn't in the pump yet. |
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| shaw |
| quote: | Originally posted by twentypercent
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Yes. The leaders of the free world decide gas pump prices.
I think you should go protest it. |
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| shaw |
| On a related note, Mr. Bison, you are almost as bad as chlola at hiding your identity. |
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| Joss Weatherby |
The problem is our reliance on gasoline. This country really doesn't have a choice, or a good way out of it. Years of basically no planning on how to develop our urban areas and years of letting people build wherever the they want have made our country dependent on the personal automobile, which is the most inefficient mode of transport ever devised. It is why we are so fat and lazy as well.
Basically cars ruined this country. If we had severely limited their use and abundance and focused on developing our cities around rail transport like we did for the last half of the 19th century and a good chunk of the early 20th century we'd be in a lot better shape.
But nope, individual freedoms again ruin the collective good. ing idiots. |
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| Vector A |
Gas prices fluctuate based on all sorts of factors not related to the actual cost of getting the oil out of the ground, including but not limited to taxes, regulations, transportation and refining costs, expectations of future oil prices or political problems, and of course our old buddy inflation.
Here is a website that explains some of it: http://www.eia.gov/energyexplained/index.cfm?page=gasoline_factors_affecting_prices |
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| meriter |
| Gas is lowest it's been here in almost a year I think, just under $4.00 |
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| Halcyon+On+On |
| quote: | Originally posted by Vector A
transportation and refining costs |
OH YOU MEAN LIKE THE PRICE OF FUEL, YEAH? YEAH? |
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| srussell0018 |
| quote: | Originally posted by Joss Weatherby
America sucks, trains, Japan is awesome etc etc etc |
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| Nrg2Nfinit |
brent oil is trading at a much higher premium than the North american oil (usually they trade at par) Since oil is bought on the open market, refineries have to hedge themselves for potential increases in oil price. Not to mention the CAD dollar suddenly just dropped to hell and euro concerns are causing everyone to throw their money into US long term bonds (cad dollar down means we get less CAD $ for the oil we export to the US). The market is volatile and prices of oil can shoot up or down 10 dollars in a matter of a weeks time, the price at the pump won't change unless we see more stability in the markets instead of the roller coaster ride we are experiencing across the board.
But hey, if you really cross your fingers we can double dip recession and price per barrel will go back to 40 bucks or less and you can pay around 80 cents or less per litre, but you'll have bigger things to worry about at that piont. |
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| malek |
it's really easy.
When barrel cost goes down: you're paying the price that they paid 30-60 days ago.
When barrel cost goes up: they increase the price to take into account the future costs they'll pay to replace their current stocks.
Conclusion: we're ed. |
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| Zyklon_Jay |
| I buy gas at Costco because I hate Jews. |
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