We finally cracked a dollar a litre

[Neeper]

149.9 in Iqaluit!!

[Cowperson]

Gas prices in Europe . . . . the first guy in this story in Hampshire, England is fueling up at the equivalent of $2.40 Canadian per litre.

http://www.msnbc.msn.com/id/8994313/

Cowperson

[Ironhorse]

Just remember, with the higher fuel prices in Europe, it is all taxes.

[mykalberta]

Also remember in Europe, driving the equivilent of Edmonton to Calgary in most countries is like driving Vancouver to Halifax so we couldnt survive that that price.

Which is the same reason there is no rail, not economically sustainable.

I am still someone who believes AB should build a massive rail linking Calgary Red Deer Edmontona nd Fort Mac. But like that will ever happen.

Also, look at the feds balance sheet to see where all the profits are coming from - oh yah thats right oil prices so if prices go down were are back in the red federally and probably provinically the way they have been spending.

MYK

[ernie]

Two weeks ago in Halifax it was 98.9 after briefly breaking the dollar mark before that. In the past week it has climbed from 101.9 to 106.9 to 113.9.

[Cowperson]

Originally posted by fotze@Aug 18 2005, 07:27 PM
Why does the concept of inflation make sense to people for all commodities other than energy?

I remember when chocolate bars were less than 50 cents now they are more than a dollar

I remember when a Superman comic was 10 cents and a Dairy Milk was another 10 cents. . . . .

So why is gas so high again?

Cowperson

[Faid1]

Is whining about gas prices the newest Canadian pasttime?

[FireFly]

Originally posted by Cowperson+Aug 18 2005, 02:33 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Cowperson @ Aug 18 2005, 02:33 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-fotze@Aug 18 2005, 07:27 PM
Why does the concept of inflation make sense to people for all commodities other than energy?

I remember when chocolate bars were less than 50 cents now they are more than a dollar

I remember when a Superman comic was 10 cents and a Dairy Milk was another 10 cents. . . . .

So why is gas so high again?

Cowperson [/b][/quote]
Wow, people around here sure are old....


Kidding of course, though I only remember a 75c chocolate bar.

[snappyk]

Originally posted by ratech@Aug 17 2005, 10:31 PM
That's not the issue we are talking about here. I agree with you 100% (including emissions, etc). I am talking about the whining Albertans who can't see the forest for the trees. We are beneficieries of the oil boom. Including "Your CALGARY FLAMES". No oil, no gas, no flame. Live it, love it. [I'm talkin ownership here]

EDIT - I misunderstood your post a litlle bit about the "we don't"

How do you and every other Calgarian NOT benefit from Higher gas prices. Please explain to me.

The oil companies do benefit from this huge and so does the province, we all know that. The common guy how is busting his ass trying to eran a living is the one that suffers. Cost of living keeps going up and the wages aren't keeping up anymore, at least mine aren't. I need my car for work as I am in outside sales, all this means for me is that my costs are going up and it is hard to push that onto my clients when you have to be competetive. Walmart is another expample where they are starting to see a trend of thier sales keep going down due to what they are saying are higher gas prices, they target lower to middle class families, when you are on a tight budget already and gas goes up ten cents a liter in one week it kind of hurts in the pocket book. It may not seem like a lot but over the course of a year it does.

[Incinerator]

Originally posted by Ironhorse@Aug 18 2005, 05:07 PM
Just remember, with the higher fuel prices in Europe, it is all taxes.

I'm sure it's not that bad when a Honda Civic with a 1.6L engine is considered a gas guzzler. 8 out of 10 cars are probably running on diesel in Europe.

[FlamesAddiction]

There are enough wealthy people to justify the high price of gasoline. Let's face it, as long as people pay it, it won't go down. If they raise the price by 20 %, but only 1% of people start using different modes of transportation, then why would the oil companies care?

If everyone just got together and decided that they would only drive half as much, the price of gas would go down. Unfortunately, people only like to complain. They don't like to take action.

I just can't wait for the price of food, and everything else that needs to be transported using oil, goes up to an insane price. Then even people who don't drive often will be feeling it in a big way.

[Hakan]

But fata the NEP right?

If we had the NEP we'd be driving around filling up with way cheaper gas prices. Thank god that Exxon, Shell and the Government of AB stuck it to the feds.

[Incinerator]

Originally posted by Hakan@Aug 19 2005, 01:07 AM
But fata the NEP right?

If we had the NEP we'd be driving around filling up with way cheaper gas prices. Thank god that Exxon, Shell and the Government of AB stuck it to the feds.

By we you mean everyone east of Manitoba?

[Cowperson]

Originally posted by FireFly+Aug 18 2005, 09:44 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (FireFly @ Aug 18 2005, 09:44 PM)</td></tr><tr><td id='QUOTE'>

I remember when a Superman comic was 10 cents and a Dairy Milk was another 10 cents. . . . .

So why is gas so high again?

Cowperson

Wow, people around here sure are old....


[/b][/quote]
I'm not as old as Cheese or JohnnyFlame though.

The price of gas must not be high enough because I loaded up the dogs in the Durango this afternoon and burned a quarter tank on our usual meandering, 50 km, windows down, heads out, "watch-the-gophers-and-prairie chickens," aimless slow drive around local country gravel roads.

Aside from stopping for a walk, the only point to the whole thing seemed to be the dipped ice cream cone we picked up at Dairy Queen towards the end as we passed through Okotoks.

Maybe $1.50 per litre is needed to stop this criminal waste.

Cowperson

[Cube Inmate]

Originally posted by fotze@Aug 18 2005, 01:27 PM
Why does the concept of inflation make sense to people for all commodities other than energy?

Because for most commodities, the price isn't nearly as volatile as for gas. For most commodities, compounded inflation has been less than 100% over the last 10 years.

I've taken the introductory economics courses, but I won't claim to understand inflation. Still, it seems that inflation of gas prices has exceeded overall inflation over the last 10 years. Combine that with the non-competitive nature of the business, and you get some understandable cynicism about the reasons for the price increases.

As for "cheaper than water" -- Enmax charges approximately $0.94 for 1000 litres of water. Where are you getting your gas for cheaper than that?

[Mean Mr. Mustard]

Figure of speach obviously, but the main message of putting unneccesary artificual controls in place leads to a great number of issues in a capitalist society. I am with Fotze, the amount of money that it takes to refine oil to produce gasoline is actually pretty high. Don't get me wrong, oil companies are making a pretty penny, but at the same time you have to remember with the good times come the bad, and there have been many years where the companies have lost money hand of fist due to the low cost of oil.

But ideas such as the NEP seem to seriously bugger up the economy, and can do some pretty major harm in the grand scheme of things. If anything the government could reduce taxes on the taxes which they are charging.

[Frequitude]

When I got my license in June 1998, gas was $46.9 for my first fill.

For some reason that number will always stick in my head.

[shoestring]

60 years ago it took a roughneck 2 and 1/2 hours to earn enough to buy a pair of Levi's, the same ratio applies today.

Gas is cheaper than coke or bottled water,Soon it will be cheaper than piped in water. Get used to it.

[Incinerator]

Originally posted by shoestring@Aug 19 2005, 09:05 AM
60 years ago it took a roughneck 2 and 1/2 hours to earn enough to buy a pair of Levi's, the same ratio applies today.

Gas is cheaper than coke or bottled water,Soon it will be cheaper than piped in water. Get used to it.

yeah but everyone will say they don't drink 50 bottles of coke every week.

[FlamesAddiction]

Originally posted by Cube Inmate+Aug 19 2005, 05:23 AM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Cube Inmate @ Aug 19 2005, 05:23 AM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-fotze@Aug 18 2005, 01:27 PM
Why does the concept of inflation make sense to people for all commodities other than energy?

Because for most commodities, the price isn't nearly as volatile as for gas. For most commodities, compounded inflation has been less than 100% over the last 10 years.

I've taken the introductory economics courses, but I won't claim to understand inflation. Still, it seems that inflation of gas prices has exceeded overall inflation over the last 10 years. Combine that with the non-competitive nature of the business, and you get some understandable cynicism about the reasons for the price increases.

As for "cheaper than water" -- Enmax charges approximately $0.94 for 1000 litres of water. Where are you getting your gas for cheaper than that? [/b][/quote]
But nearly EVERYTHING is connected to the price of fuel.

Food, clothing, building materials, manufactured goods, tourism - everything. Eventually people who charge for services will increase their fees because of fuel prices, and the increase of the cost of items indirectly related to fuel, and so on.