Gas prices at the pump...

[mil]

I don,t understand how they price fix the pump prices?
When ever there is a storm or big accident or??? they seem to use this as a excuse to jump up the price at the pump , immediately.
but prices of oil buy barrel can plummet from over 100 to 27$ and the price at pump stays nearly same or maybe down a couple pennies..
WTF?

 

[frost60]

Supply and demand, whenever there is bad news (storm, disruption in supply fears) people tend to stock up on stuff and thus they raise prices. You'll almost never see the reverse though.

 

[thodisipagal]

This will make it clear (as mud):
http://m.huffpost.com/us/entry/2495831

Read it fully. There is an interesting analogy.

 

[Oldfart]

The oil companies are greedy bastards who hire very clever folks to manipulate us, so they can bleed us while keeping us alive.

 

[SirJimmy]

The oil companies are greedy bastards who hire very clever folks to manipulate us, so they can bleed us while keeping us alive.

Yup. And these companies' stocks have been decimated over the last year due to the collapse in oil. Maybe it is time to invest in some of their stock and profit from their greed? If you own oil/gas stocks, the high prices at the pump will not sting as much. In fact, when a big V8 pulls up to the pump next to you, you smile and think "chug! chug! chug!".

I doubt oil will fall much further in the near future -- we've seen oil prices shoot up a lot over the last 2 days. Gasoline prices will rise at a faster pace than oil prices will.

 

[Feenix]

Current price of Gas in Prince George. 79.4

Go ahead! Rub it in!!

We have that damn TransLink tax in Metro Vancouver that adds 17 cents, I think it is.

 

[LalaniElectrica]

In Edmonton it's around .69, other areas of the city is .62 so, not really the best economy atm is putting it mildly!

 

[westwoody]

73.4 at Safeway in Winnipeg, cheaper at Costco though.

A hell of a lot happens between the wellhead and the pump! Where is your gas refined? How is it transported?

 

[apl16]

They make as much as they can. Not in business to make u happy. Just for profit.

 

[thodisipagal]

In Houghton Lake, Michigan a few days ago, the price was 46 cents a gallon (a gallon, not litre).

That's ( 46 cents / 3.75 L ) * $1.46 (USD to CAD) = 18 cents per litre.
http://www.cnbc.com/2016/01/18/gas-wars-a-gallon-is-just-46-cents-here.html

 

[pro-boner]

66.4 in Edmonton today. But who cares nobody has a job these days to buy any gas. Fak.

Go get the GasBuddy app, it's free and it works. IOS or android, probably Windows and blkbry too.

According to GasBuddy 1.39 in buffalo NY, Chicago around a buck and a half, Montana around 1.75, LA around 2.50 but that is Cali for you. Seattle is all over the place 1.97-2.50.

 

[thodisipagal]

66.4 in Edmonton today. But who cares nobody has a job these days to buy any gas. Fak.

Go get the GasBuddy app, it's free and it works. IOS or android, probably Windows and blkbry too.

According to GasBuddy 1.39 in buffalo NY, Chicago around a buck and a half, Montana around 1.75, LA around 2.50 but that is Cali for you. Seattle is all over the place 1.97-2.50.

GasBuddy is available in web version, too. No need to download app.
https://m.gasbuddy.com/touch/