Gas tank full today?

[burn_this_city]

If anyone wants a laugh check out the comments at the bottom of this article. Every Johnny Liberal east of Winnipeg is calling for the complete nationalization of the oil industry.
http://www.cbc.ca/canada/calgary/sto...as-prices.html

[dobbles]

i blame the weather channel. their fear mongering scares everyone into believing every tropical system is going to destroy the entire earth... yet again, if you read the NWS statements and advisories, they paint an entirely different picture then the television weather. but then again they have to drum up ratings somehow...

the side effect though is that everyone buys into the panic and gas prices jump for really no reason. other than they have a plausible excuse if anyone tries to ask about it.

i wouldn't want to live on the gulf coast tonight, but this isn't exactly a katrina, rita, andrew, camille, or any other devastating storm. those oil rigs and refineries have made it through worse than this.

[Dion]

Originally Posted by Pagal4321

Thankfully I've got 3/4 of a tank.

I really don't understand the gigantic spike in price whenever they see a Hurricane stop porduction, but when the price of oil goes down the price of gas doesn't move.

And if the off shore rigs aren't hit, boom, the price goes down.

[Hack&Lube]

Good job America, 1/3rd of your refining capacity is right in the middle of Hurricane Alley

[dobbles]

Originally Posted by Hack&Lube

Good job America, 1/3rd of your refining capacity is right in the middle of Hurricane Alley

you act surprised???

what do you expect from us? intelligence?!?!?!!?

[Hack&Lube]

Co-op by Brentwood station is still 1.26

The Esso and Petro-Can up in Edgemont is still 1.26 also

[Wookie]

memorial drive gas plus is still 121

[Buff]

I've been hearing that Safeway in Lethbridge has their gas priced at 150.4. When I went for gas at 10:00am I had a hard time finding a station close to work without a huge lineup.

[ken0042]

My gut tells me that the refineries produced too much gas in preperation for the last hurricane, and now need to liquidate some of their assets.

Easy way to do it- "leak" to the media that gas prices are going up. A few stations will raise their prices that much to be able to make 16¢ per litre on their current inventory as opposed to the normal 3¢. Then everybody with 1/2 full tanks will fill up to save money. So instead of sitting on a reserve of gasoline, the oil companies have the cash instead.

[BlackArcher101]

Everyone in Red Deer is either oblivious or don't think it's going to go up. Stations are nearly deserted. However, some Shells here not only are out of low grade gas, but also mid grade gas and only have their V-Power available for 138.

[Ironhorse]

I now fill up my MINI for what it used to cost me to fill up my truck.

[4X4]

Originally Posted by BlackArcher101

Everyone in Red Deer is either oblivious or don't think it's going to go up. Stations are nearly deserted. However, some Shells here not only are out of low grade gas, but also mid grade gas and only have their V-Power available for 138.

Mid grade is just a blend of premium and regular. It's done at the pump, by the pump.

[BlackArcher101]

Originally Posted by 4X4

Mid grade is just a blend of premium and regular. It's done at the pump, by the pump.

But I've seen stations run out of low grade, then sell the mid grade at the same price of low. Is that just a marketing ploy? Cause I fell for it then.

[4X4]

Originally Posted by BlackArcher101

But I've seen stations run out of low grade, then sell the mid grade at the same price of low. Is that just a marketing ploy? Cause I fell for it then.

It's either premium or else they actually have a third holding tank that is a mix. I suppose I shouldn't have stated it so factually. I worked at a gas station in high school and that's what they did there, and according to my manager, that's what they do everywhere. Makes sense, actually. There's no reason to have three refining levels when the one in the middle is halfway between the outer ones. Mixing them after the fact is more logical. But yeah, it's not necessarily what they do everywhere...

[pepper24]

In the Gulf Coast, the price of RBOB gasoline has jump over $1.50 us/gal over the past few days. I am an oil and gas trader watching this closely. A similar thing happened during Katrina/Rita due to refinery capacity and evacuees taking the remaining supplies.

By late next week, the price of gasoline should settle down again.

[Flames in 07]

Originally Posted by STeeLy

I don't quite understand.

How is Gas in Ontario cheaper than Gas in Alberta?

and it's not because we haven't changed our prices out here yet... it's like that all the time for some reason... when Calgary was hovering 132... it was 126 out here

A few people have responded but there is only one reason for this ... PCAN refinery in Edmonton is down and has been for a long time. There isn't much gasoline here in Ab/Sk/N BC.

Just another example of dozens of posts around the presumption that oil companies are making up reasons, the reality is that this market is served by 3 refineries, and one has been down for a long time simple as that. In fact to me the correct observation is that it's surprising that they didn't shoot up like this earlier. Economics would dictate they should.

[BlackArcher101]

Originally Posted by Flames in 07

A few people have responded but there is only one reason for this ... PCAN refinery in Edmonton is down and has been for a long time. There isn't much gasoline here in Ab/Sk/N BC.

Hasn't it been running for nearly 2 or 3 weeks now?

edit: Shutodwn Aug 3 - 27th. http://www.canada.com/theprovince/ne...5-ccd47d069875

[4X4]

Wow. I've got the news on in the background and I could swear they just said that the price of gas in dirty-stinking-mulletville is pushing $1.50

[Madman]

Originally Posted by Madman

That's exactly what it is. When prices go up and people complain, there is some news story quoting some Economist or Strategist that the rise is fuel prices is directly related to the price of oil rising that very same day.

But...when oil prices drop and gar prices stay high, the same dick face Economist is back on the news stating that low oil prices take time to reflect back to the consumer - yeah, no shi!t!

Surprise surprise. I get home and turn on the news to hear some stupid asshat try and tell me why gas prices can jump instantly overnight - I get livid listening to these pickle lickers.

[Dion]

I slipped out to fill my gas tank at my local High River station only to find they upped the price. Normaly they are day late in raising prices, sadly they weren't today.

Calgary CTV is reporting that Hurricane Ike is responsible. Add to the fact the rigs in the Gulf Coast are shut down for the moment.

Tis the season to be gouging