Gas to hit $1.30/Litre by Spring?

[GoinAllTheWay]

Originally Posted by PowerPlayoffs06

I really want to get rid of my truck, but I just don't want to lose the utility of it.

What kind of truck do you drive? I really want one but the fuel consumption in most trucks seems to be legendary.

[PowerPlayoffs06]

Originally Posted by GoinAllTheWay

What kind of truck do you drive? I really want one but the fuel consumption in most trucks seems to be legendary.

I drive the Metallica Truck... Ahh, my lost days of being a stupid youth...

It's a blue 96 Dodge Ram 1500 V6

It isn't as bad on fuel as some trucks, but it's still a hell of a lot more than a car and only getting worse as prices rise.

[arsenal]

Originally Posted by Bring_Back_Shantz

The price of gas has stayed relatively constant because the Canadian dollar has been rising steadily with the increase in oil prices.

Think about it, not to long ago oil was at $60usd/bbl, and the canadian dollar was at .70 to the us dollar.

Now we're at $100usd/bbl and the Canadian dollar is on par.

Yup, nothing like totally forgetting what the actual numbers are when you can just assume oil companies are evil.

I am not forgetting the #'s.

So, if the canadian dollar stays on par with the us dollar, and $/barrel drops to around $70-$75/barrel, shouldn't we be drop down to about $0.70 - $0.75/liter for gas?
Or at least be about the same $/liter that americans are paying?

Seattle and Portland residence are paying about $0.85 and $0.87 / liter respectively for gas. If the canadian dollar is worth the same if not a little bit more than the us dollar, shouldn't we be paying about the same as well?

[burn_this_city]

Originally Posted by arsenal

Have the prices dropped in canada recently because of the canadian dollar is on part with the USD?
i honestly don't see this happening. Canadian oil companies are going to use this opportunity to charge more, and rake in more profits..

It is actually cheaper.. The price has not gone up the same amount as it should have if we still had $0.85 canadian dollar. The recent run up of oil prices have not been reflected in the pump price as was in the past. We were at a $1.05/liter during $75/barrel.. Its still $1.05/liter and the oil price is quite a bit higher.. I'd say this is due to the increased buying power of the canadian dollar..

[burn_this_city]

Originally Posted by arsenal

I am not forgetting the #'s.

So, if the canadian dollar stays on par with the us dollar, and $/barrel drops to around $70-$75/barrel, shouldn't we be drop down to about $0.70 - $0.75/liter for gas?
Or at least be about the same $/liter that americans are paying?

Seattle and Portland residence are paying about $0.85 and $0.87 / liter respectively for gas. If the canadian dollar is worth the same if not a little bit more than the us dollar, shouldn't we be paying about the same as well?

Its the tax that makes up the difference.. Go to a petro-canada and look at the lil pie chart on the pump that shows what makes up the cost of a liter of gas.. I think theres more than 25 cents worth of tax on each liter..

[Finner]

Originally Posted by arsenal

I am not forgetting the #'s.

So, if the canadian dollar stays on par with the us dollar, and $/barrel drops to around $70-$75/barrel, shouldn't we be drop down to about $0.70 - $0.75/liter for gas?
Or at least be about the same $/liter that americans are paying?

Seattle and Portland residence are paying about $0.85 and $0.87 / liter respectively for gas. If the canadian dollar is worth the same if not a little bit more than the us dollar, shouldn't we be paying about the same as well?

Because we play huge tax on our oil & gas and in the states you don't. US gas prices are always way lower then ours.

[arsenal]

ok that makes sense then.
My bad.

[Ozy_Flame]

Thank god I only take my car out 1-2 times a week, and I bus it everywhere else. This won't have a significant effect on me simply because I hardly fill up for gass (every 4-6 weeks).

Still, if I was to do something about it, I would hold off for a couple more years and get a hydrogen-powered car, like the one Toyota has coming out very soon. If I'm going to spend alot of money to maintain a car, I may as well do it on an environmentally-friendly vehicle.

[FlamesAddiction]

The only thing hybrids have going for them right now is that they are better for the environment. Don't get me wrong, individuals will save some money when they fill up, but it won't stop the chain reaction of inflation that will occur if fuel prices get that high. Unless of course, they suddenly develop hybrid semi-trucks, ships, and airplanes.

[Bring_Back_Shantz]

Originally Posted by arsenal

I am not forgetting the #'s.

So, if the canadian dollar stays on par with the us dollar, and $/barrel drops to around $70-$75/barrel, shouldn't we be drop down to about $0.70 - $0.75/liter for gas?
Or at least be about the same $/liter that americans are paying?

Seattle and Portland residence are paying about $0.85 and $0.87 / liter respectively for gas. If the canadian dollar is worth the same if not a little bit more than the us dollar, shouldn't we be paying about the same as well?

Yeah, clearly you are forgetting the numbers.

Firstly the price of gas DOES not change have a 1-1 relationship with the price of crude.
The price of crude is not the only componenet in the price of a liter of gasoline.
This price includdes
1) Price of crude
2) refining: not afffected by the price of crude
3) Transportation: not affected by the price of crude (at least not 1:1)
4) Taxes: not affected by the price of crude
5) Profit: not affected by the price of crude (ie, a gas station wants to make say $0.03/L of gas.

So no, if oil drops to $70usd/bbl, and we stay on par, gas won't drop to $.70/L. It should drop, but not as much as you think it will.

As for people in Portland, it is pretty well established that gasoline taxes are substantially higher in Canada than the US. So we're paying ~ 15-20% more for gas, well I'd be willing to bet that our taxes are at least that much higher, hell GST alone is 6%.

So in conclusion, it would appear that you are forgetting a lot of numbers.

[arsenal]

Originally Posted by Bring_Back_Shantz

So in conclusion, it would appear that you are forgetting a lot of numbers.

Thanks update.

I do realize that there is a lot involved in getting crude to the gas station for consumer consumption. As others have stated, taxes make up the majority of the cost we pay at the pumps, which yes, I forgot about. Once that was stated, I realized my mistake (which you seemed to ignore), I admitted it and moved on.

But thanks for assuming I know absolutely nothing about how we get from crude to gas , and # of middle men along the way.