Cheap Gas prices

[JBscar]

I say, "take it when you can get it"...

When the excuse for cost increases was due to fuel surcharges, I want to see the excuse for not lowering prices now.....

According to the economics we should see significant cost decreases from the following:

- Public transit
- Garbage and recycling collection
- Taxi fares
- Canada Post and all shipping companies
- Trucking companies and CP rail that deliver all our commodities
- Airline and any travel agency
....just to name a few

My point is, when the cost of fuel was high, there was an immediate increase to the costs of materials, commodities, and services.
Why is it not relevant to decrease the costs with lower fuel prices?

[nik-]

Originally Posted by JBscar

I say, "take it when you can get it"...

When the excuse for cost increases was due to fuel surcharges, I want to see the excuse for not lowering prices now.....

According to the economics we should see significant cost decreases from the following:

- Public transit
- Garbage and recycling collection
- Taxi fares
- Canada Post and all shipping companies
- Trucking companies and CP rail that deliver all our commodities
- Airline and any travel agency
....just to name a few

1. Prices are a lot lower
2. The cost of gasoline isn't the only cost associated with the business of a gas station. It is also not the only cost associated with other business that rely on transportation. Rent doesn't go down because Oil is cheaper. Heating and Electric doesn't go down because Oil is cheaper. Wages don't go down because Oil is cheaper.

Hearing that gas prices haven't matched the oil prices over and over from people is so maddening.

[Looch City]

According to capitalism, none of that will happen.

Telus/Bell/Rogers just increased their prices (all at once as if they're one giant company...hmm) and cited Canadian dollar and the current economic times.

I wouldn't be surprised if they started charging in USD haha.

[craigwd]

Originally Posted by nik-

1. Prices are a lot lower
2. The cost of gasoline isn't the only cost associated with the business of a gas station. It is also not the only cost associated with other business that rely on transportation. Rent doesn't go down because Oil is cheaper. Heating and Electric doesn't go down because Oil is cheaper. Wages don't go down because Oil is cheaper.

Hearing that gas prices haven't matched the oil prices over and over from people is so maddening.

You mean oil doesn't come right out of the ground and into my car?

[skudr248]

Ha! Decreases in Taxi fares, that will be the day! They will probably hike them up even more that less DT employees are taking them

[Hack&Lube]

You see the changes at the pump a lot faster as the different stations will drop their prices to compete with each other.

In terms of the built-in fees for logitistics type stuff like transportation, services. etc. you are unlikely to see them retract any prices as they have near monopoly status on a lot of that stuff and don't need to drop prices to be competitive.

Airlines are more competitive and you might see some drops in airfare if a start-up wants to get a piece of the action with lower jet fuel costs and start a price war.

[CaptainCrunch]

Originally Posted by JBscar

I say, "take it when you can get it"...

When the excuse for cost increases was due to fuel surcharges, I want to see the excuse for not lowering prices now.....

According to the economics we should see significant cost decreases from the following:

- Public transit
- Garbage and recycling collection
- Taxi fares
- Canada Post and all shipping companies
- Trucking companies and CP rail that deliver all our commodities
- Airline and any travel agency
....just to name a few

My point is, when the cost of fuel was high, there was an immediate increase to the costs of materials, commodities, and services.
Why is it not relevant to decrease the costs with lower fuel prices?

Gas was at $.77 this morning when I left my house, The peak was at $1.44 not that long ago.

As for the rest


- Public transit (well probably see another increase this year)
- Garbage and recycling collection (well see an increase with the carbon tax)
- Taxi fares (increase with the carbon tax)
- Canada Post and all shipping companies (increase with the carbon tax)
- Trucking companies and CP rail that deliver all our commodities (increase)
- Airline and any travel agency (until you travel to the States, then its a major increase)
....just to name a few

[heep223]

Originally Posted by JBscar

My point is, when the cost of fuel was high, there was an immediate increase to the costs of materials, commodities, and services.
Why is it not relevant to decrease the costs with lower fuel prices?

- Public transit <---- because unions
- Garbage and recycling collection<---- because unions
- Taxi fares<---- because unions
- Canada Post and all shipping companies <---- because unions
- Trucking companies and CP rail <---- because unions
- Airline and any travel agency <---- because unions

[Coach]

I love it. Haven't seen prices like this since before I started driving.

Originally Posted by heep223

- Public transit <---- because unions
- Garbage and recycling collection<---- because unions
- Taxi fares<---- because unions
- Canada Post and all shipping companies <---- because unions
- Trucking companies and CP rail <---- because unions
- Airline and any travel agency <---- because unions

And the reason it took $30 oil to drop any significant amount is...? <----- GREED.

Still very bitter about years of any rise in oil price = immediate jumps the pump, and any dip saw little to no change.

[troutman]

Someone explained on the radio that the price of gas is tied to USD, so although the price of oil is down, the CDN $ has lost value vs the USD?

[polak]

Logistics companies use a fuel surcharge. It's a percentage of the rate (before the surcharge) that is added onto the total to account for fuel costs. The bigger the player, the more pull their surcharge has, regardless if they're a carrier or a customer. Some companies release a weekly fuel surcharge while others release a monthly one.

Creates situations where a massive company like Wal mart or Loblaws will tell their carriers this is the fuel surcharge we're going to pay and that's that, while smaller companies have to suck it up and pay whatever the carrier decides their fuel surcharge is. There is a Fuel Surcharge released by the FCA that most carriers use as their benchmark.

http://www.ntscanada.com/CFS.asp

I think when I worked at Loblaws the new fuel surcharge was done monthly.

[Fuzz]

We also have new and exciting gas taxes that have set a higher floor.

[Jason14h]

I love it. Haven't seen prices like this since before I started driving.

Don't worry the tax increases you will have will far outweigh the 20$ you save on a tank of gas!

[Red]

Originally Posted by Fuzz

We also have new and exciting gas taxes that have set a higher floor.

Thanks Prentice and your PCs.....

Making sure people don't forget that we were getting new taxes NDP or not

[Ace]

Is there any possible way for a consumer to hedge on gas prices. Like, can I prepay for 5000 litres of fuel or something?

WRMMH these days is seeing what feels like half price fill ups.

[DownhillGoat]

Originally Posted by Ace

Is there any possible way for a consumer to hedge on gas prices. Like, can I prepay for 5000 litres of fuel or something?

Buy a slip tank or six for the backyard.

[browna]

Originally Posted by Ace

Is there any possible way for a consumer to hedge on gas prices. Like, can I prepay for 5000 litres of fuel or something?

I remember when buying/leasing my first new car back in 1998, I got 1000L of free fuel with the deal.

This was long before the days of credit card style "gift" cards, so I got 25 "40L" paper certificates for Shell (had a choice of that or Petro-Can) only to be used on "regular" grade gas.

Doubt that any retailer does that any more (deal in L, as opposed to $).

[getbak]

Originally Posted by heep223

- Public transit <---- because unions
- Garbage and recycling collection<---- because unions
- Taxi fares<---- because unions
- Canada Post and all shipping companies <---- because unions
- Trucking companies and CP rail <---- because unions
- Airline and any travel agency <---- because unions

[calumniate]

I heard 67 cents at Costco?

[Street Pharmacist]