I don't understand why it's so high in March, if it was peak driving season then maybe.
Any reason why it's gone up 10% in the last month?
Oil priced in USD. Canadian dollar falling, USD rising. Canadians produce oil but do not get a discount.I don't understand why it's so high in March, if it was peak driving season then maybe.
Any reason why it's gone up 10% in the last month?
Nonsense. After the carbon tax was introduced in Alberta, gas prices should have gone up 4.5 cents a litre. It was more like 15 cents a litre. The C$ has been pretty stable compared to the US dollar. I know, I pay for services in American money every month. The high costs in Vancouver are due to the Trans Link tax and because they can get away with it. I travel from Alberta to BC all the time and I know exactly where to get the lowest price fuel. Refinery profits are way up because they can be. That can't make money on raw crude so they make it on the finished product. That's why your prices are the same now as when oil was $140.00 a barrelOil priced in USD. Canadian dollar falling, USD rising. Canadians produce oil but do not get a discount.
Enderby gas is always cheaper than Kelowna or Vernon. I used to drive there to fill up when I lived in Kelowna because it was such a beautiful drive. There was almost always a hawk sitting on the wires near the goat farm.You take the RBOB gasoline price, factor in exchange rate, differences in the US and Imperial gallon, taxes and you'll find the cost. The high price of gas has everything to do with refinery margins right now. In the oil boom they ran about 7%, recently it's been much higher. People seem accepting of paying the price of gas as it stands so that's what the market will bare. It's high, but not high enough to cut into sales.
Vancouverites are fortunate. Excellent transit system, relatively temperate climate which works for electric vehicles and a high population density. The stores I frequent all have charging stations too something you don't see elsewhere. The cheapest gas is in the Salmon Arm area. It was 1.07 last week. Revy and Golden are about 10 cents higher. But I agree, gas prices are crazy. I can't imagine filling up a monster truck.
I'd take the OPEC reserves with a grain of salt. OPEC production is based on it's reserves so its in their best interest to lie. I've heard from oil geology buddies the Russians push their wells hard & that brings early depletion. Saudi's too. Ghawar is what, 60 years in production? The water cut is apparently in the double digits.OPEC countries reserves make up roughly 80% of the world supply. If prices aren't dependent on what they do I don't know what it would be. The fluctuations between cities and countries have to do with the local and domestic policies as well as distribution costs. But the differences you should see between cities and countries should be consistent barring changes in politics.
I'm sure the housing starts will soon increase in Edmonchuk as more and more true believers flock to the City of Champions to worship at the skates of the new Messiah- Jesus McDavid.:hail:I'd take the OPEC reserves with a grain of salt. OPEC production is based on it's reserves so its in their best interest to lie. I've heard from oil geology buddies the Russians push their wells hard & that brings early depletion. Saudi's too. Ghawar is what, 60 years in production? The water cut is apparently in the double digits.
The higher than normal costs is mostly about profit margin at the refineries. I suppose you can't blame them given the rest of the industry has been decimated. I do some work in Calgary and it's fucking scary to see what's happened. I remember going to a client and you'd have to get to parking early or you'd have no place to park by 8 AM. Today, mid morning there can be 700 spots open. It feels like a ghost town in Calgary & Edmonton. I was up to Edmonton for a week a year or so ago. I went to the bar in the hotel to eat and there was 2 waitresses and 1 customer; me. I was driving down Main last week and counted a dozen cranes in the Skyline.
Fort McMurray just had a job fair on the weekend. They're anticipating a boom in construction as people start to rebuild.:whoo:
I'm sure the housing starts will soon increase in Edmonchuk as more and more true believers flock to the City of Champions to worship at the skates of the new Messiah- Jesus McDavid.:hail:
I assume that's Edmonton's new "saviour of the year" that will return them to glory? Hey, as far as street cruising goes E Town has all the best deals. Long live 107th and 118th Ave !:whoo:
I'm sure the housing starts will soon increase in Edmonchuk as more and more true believers flock to the City of Champions to worship at the skates of the new Messiah- Jesus McDavid.:hail:
Electric cars with decent range cost like $50k. And then you need a $2k charging station at home. And you still need a gas car for road trips. Nice idea, but maybe not yet.Get an electric car.
And then you get your electric bill.And then you need a $2k charging station at home
That part is actually good. You can drive a Chevy Bolt, for example, around 380 km for around $7.20 worth of electricity (at $.12/kwH, BC's current tier 2 power price). A comparable sedan would burn over $40.00 of gas for the same distance.And then you get your electric bill.
Seriously, how much does it take to charge them daily? It must be a lot of energy.






