Gas prices

[I-Hate-Hulse]

114.9 on Macleod Tril by the Dome. 94.9 in the NE though.

[Wolfwood]

Here it is 3.09 US up from 2.39 US on Tuesday. Makes me glad I car pool to work.

[Ace]

114.9 co-op downtown

[V]

90.9 including the discount at Superstore in the NE. Never thought I'd be happy paying that little for gas.

[Tron_fdc]

94.5 at the Husky on the Corner of Ogden rd and Glenmore trail....just filled up.

[Bertuzzied]

Originally posted by fotze+Sep 1 2005, 08:59 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (fotze @ Sep 1 2005, 08:59 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-habernac@Sep 1 2005, 11:18 AM
how far do you live from work? I do a 32km round trip bike ride to work. 12 months of the year. I have buddies who have a 50km round tripper and keep it up all year as well. Once you get the clothing, its not a big deal. Riding in snow is less of a pain than riding in the rain for me. And it saves me a ton. I'll take the bus once in awhile.

I have a 20 minute walk. If I could somehow swim across the bow it would be a 5 minute walk. I live on the same street as my work, damn river though. [/b][/quote]
well you can walk across in the winter when the river freezes up! Must be nice to walk to work in 20 minutes. It takes me that long to walk to my parking spot.

[nhlnewscentral.com]

I am never leaving the house again. THis is ridicilous.

[Bertuzzied]

Originally posted by nhlnewscentral.com@Sep 1 2005, 10:46 PM
I am never leaving the house again. THis is ridicilous.

hahaha that has to be the funniest 1st post ever. Well if you never leave your house again you are definitely on the right site. ehhehe

[snappyk]

The train or the bus isn't an option for me I need my car for work as I'm an outside salesman. In the past year we have now seen gas go from 75.9 to now the stupid price of $114.9, that is just plain dumb. When is the shinguard going to stop?

[Jay Random]

Just plain dumb? Try supply and demand. A big chunk of the North American refining industry is now underwater; of course the price of gas goes up. It doesn't help that some people are panicking and trying to hoard gas. Speculators always take these sudden price swings, whether up or down, and make them worse. Anybody remember the gas queues in 1980?

And before you accuse the oil companies of profiteering, consider how many billions of dollars they'll have to spend rebuilding those refineries . . . and how hard it will be for them to do so with all the environmental red tape now in place. Under present regulations, it's all but impossible to get approval for a new refinery in the U.S., and pretty damn difficult in Canada.

[RougeUnderoos]

Originally posted by Thunderball@Sep 1 2005, 11:12 AM
.

Like I said, good for a few... an additional useless burden for the rest.

Saving money (among other things) is useless?

[RougeUnderoos]

I read a lot of "I live in the suburbs/far from work/far from school so I have to drive and goddamn gas costs too much" and no offense to anyone in particular, but it reminds of the people who buy a house near the airport and then complain about the noise.

[Hack&Lube]

As long as China continues to consume more gas, prices will stay relatively high. The world just gained another big country that sucks it up that didn't exist previously.

Wish we could just magically slow down all of society. Everybody could bike to work. We wouldn't get e-mails and faxes all day. Things would just go slower.

[TimSJ]

139.9 here is Saint John NB this morning.. I picked a fine weekend to take the wife away on the power boat that burn 10 or 15 gallons an hours.. doh..

[Eagle Eye]

Originally posted by RougeUnderoos@Sep 1 2005, 04:54 PM
I read a lot of "I live in the suburbs/far from work/far from school so I have to drive and goddamn gas costs too much" and no offense to anyone in particular, but it reminds of the people who buy a house near the airport and then complain about the noise.

Not to get off topic here or anything.

I find it funny that people who live inner-city or close to downtown bitch and complain cause there are so many people living in the suburbs. Do you really think that you could afford to live close to downtown if you eliminated all the housing in the burbs? I could imagine how much complaining there would be about how little space we would have and how expensive it would be.

I am no way saying that our urban sprawl is not out of control and needs to be looked at more closely, but come on if someone makes the decision that they want to live in the burbs (may it be for cost or whatever) then thats their decision.

Now I do agree with you saying these people have no real right to complain about costs associated with living so far away from thier work (price of gas, etc), you made the decision now live with it.

Sorry about getting off-topic

[Eagle Eye]

Originally posted by Thunderball@Sep 1 2005, 10:12 AM
Okay, a 10-15 min drive and a 45 min train ride... still not remotely practical.

Where do you live that it takes you 15 minutes to get downtown driving but 45 buy train?

I live in Evergreen and yes if I drive at 7 AM it only takes me 15 mintues to get downtown by driving, but I take the train everyday and it only takes 25-30 min (most of it downtown).

[InTheSlot]

Day 1 of 10 for my town not getting gas. I'm really not too sure how I'm supposed to get to school this coming Tuesday Wednesday and Thursday :unsure:

[arsenal]

114.4 was what I saw on the way to work today.
What, besides a quick cash grab can cause the price to jump 15 cents over night?

[Lurch]

Those all do effects on the gas prices. But what happened with the refineries in New Orleans, the off-shore rigs in the Gulf of Mexico SHOULD NOT have affect on the price of gas that we pay at the pump today or tomorrow.

It will have an effect in the comming months. Anytime you see a price hike in gas prices the few days after the futures market gas price increases, is purely the oil and gas industry gouging customers.

There should be about a 2-3 month buffer from the gas futures price increase, and an increase in prices at the pumps.

What is going on right now, is just pure insanity.

I have heard this tons of times - prices go up right away when oil goes up, but if oil goes down it takes time for prices to come back down. People say it like it's some kind of conspiracy, but it only makes sense.

For example, price of oil goes up, meaning gas should move up in about three months (on a cost basis) when the oil works its way through the system. However, an oil company (or gas company, whatever) could simply store its already refined gas for three months in order to make more money. As such, gas price goes up to reflect the higher future price.

When oil goes down, people expect the same effect, i.e. gas should drop right away given the above example. However, why would an oil company sell its existing supply at a lower price (possibly a loss on an accounting basis) when it cost the higher price to produce it? Since consumers can't "store" their usage, price won't fall until the actual cost of lower oil reaches the pumps.

The key difference is producers can store gasoline, meaning the price today reflects the higher of future prices and the price today. Consumers don't store an appreciable amount of fuel to be able to impact monthly consumption, so they can't force prices down in advance of the lower crude actually getting to the pump. I don't know if prices really do take longer to come back down when oil falls, but if they do it makes perfect sense to me.

[Clarkey]

Peak oil is such a stupid theory, it completely disregards economics.