Quote:
Originally Posted by Cowboy89
Or maybe it's just baseless complaining based on heuristics, faulty memories and falsehoods.
Alberta Synthetic Crude is C$93.30 per barrel right now. A year ago it was C$59.54 per barrel representing an increase of 57% year over year. Using para transit's cost per liter in July 2017 of C$0.88 cents per liter compared to C$1.34 per liter today, which represents a 52% increase.
Math checks out, but hey, it must be the refiners gouging you!
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The problem with increased rates goes farther back than July 2017. I'm not educated enough on the supply chain to know the direct connection between Alberta Synthetic Crude and what ends up in local pumps.
I was under the impression West Texas Crude was used as the benchmark. If you take the current value and go back to the last time the oil was at that value, then take the price of gas at that time and increase by inflation you should get the what the current price of gas at the pumps should be, roughly. Hit several such points over the last 15 years to find a trend.
That it is much higher indicates that something else is going on.
(other people have done the math, I'm not going to)