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Old 04-30-2018, 06:26 PM   #21
rhagfo
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Quote:
Originally Posted by FlyingAroundRV View Post
Yeah, pretty much the same here in Oz. Our gas is $4.54 (US) per (US) gal.

Wonder how long I have been using the transposed decimal number??
I always found it interesting to calculate the fuel cost when figuring fuel cost in Ireland.
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Old 04-30-2018, 07:09 PM   #22
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Funny story: this weekend a local AM/PM was changing the price of unleaded, goofed with the decimal point and instead of 3.19/ga it was 31.9 CENTS...lasted a little over two hours.
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Old 04-30-2018, 08:22 PM   #23
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Yeah it’s pricey but not quite that bad. It’s about 1.35 a liter here too right now diesel is a little less
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Old 04-30-2018, 09:37 PM   #24
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Originally Posted by CaptnJohn View Post
Would like to see it much higher in the usa....For CaptnJohn ONLY
Fixed that for you!
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Old 05-01-2018, 04:14 AM   #25
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Our fuel here on the Right Coast, Upstate NY tax hell is edging up to between $2.67 - $2.83 a gallon in the Capital District for unleaded with diesel $2.99 - $3.19. Amazing that since the US has in the past couple years become a net exporter of crude that the price of refined products are going up. The blame has been put on the OPEC Cartel, but that's nonsense here in North America
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Old 05-02-2018, 03:56 AM   #26
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It is outrageous that a simple decimal point could make that much difference. Way too much power for such a small dot.
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Old 05-02-2018, 08:05 AM   #27
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It is only going to get worse for BC'ers in the near future. Not to get political but the govt. trying to block the trans mountain pipeline is going to wreak havoc on their prices. Gotta love those tree huggers

1.21 per litre in Manitoba today.
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Old 05-02-2018, 08:20 AM   #28
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Quote:
Originally Posted by Dave W View Post
Our fuel here on the Right Coast, Upstate NY tax hell is edging up to between $2.67 - $2.83 a gallon in the Capital District for unleaded with diesel $2.99 - $3.19. Amazing that since the US has in the past couple years become a net exporter of crude that the price of refined products are going up. The blame has been put on the OPEC Cartel, but that's nonsense here in North America
Apologizes in advance for this long "Rant" but here goes...

So here's a little different angle. 72% of the cost of a gallon of fuel is related to the cost of crude oil. The remaining 28% is refining, transportation, retail profits and TAXES. Since the 28% costs are fairly static then the cost of crude is the biggest contributor to the fluctuation in prices at the pump. But who is the biggest player in determining the cost of crude. It's not who you might think. Look at the top 10 producing countries:
Rank Country Oil - production (bbl/day)
1 Russia 10,550,000
2 Saudi Arabia 10,460,000
3 United States 8,853,000
4 Iraq 4,452,000
5 Iran 4,068,000
6 China 3,981,000
7 Canada 3,679,000
8 UAE 3,106,000
9 Kuwait 2,924,000
10 Brazil 2,515,000

No real common denominator here. These producers control the supply but who is controlling demand?? An important question since price is all about supply and demand.
The answer is two major commodity futures exchanges: NYMEX and the Intercontinental Exchange (ICE). These exchanges feature futures who's pricing is based on west Texas Intermediate (WTI) light sweet crude and Brent Crude, respectively. Here, traders all across the globe can participate in gaining direct exposure to oil instead of going through oil-based companies in the stock market. Speculators "playing" this market will buy oil today at a given price then sell it tomorrow at a higher price. And , since they are buying up a lot of oil they are creating a false demand. Here's an interesting bit of information from Reuters: LONDON, April 14 (Reuters) - A record 2.5 billion barrels of crude oil traded on April 13 on the world’s two main futures exchanges, the equivalent of almost 30 times the amount of oil used around the world each day, data showed on Wednesday.
In other words, the same barrel of oil was sold 30 times in one day!!
No change in the "real" demand for oil. No change in the "real" cost to produce the oil. Just 30 different transactions for the same oil with the price rising on each sale.
Now you know another reason we pay way too much at the pump
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Old 05-02-2018, 11:36 AM   #29
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Originally Posted by Hodgy View Post
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Today regular gas in Vancouver BC is $161.9 CAD per litre. That works out to $611.98 CAD per US gallon or $476.66 USD per US gallon.

That is the highest cost ever recorded in North America.


.
Well they didn't want a pipeline. Our friends to East will be in same boat if Saudi Arabia cuts off their oil. I think you meant $1.61 per Cad liter and $6.11 per US Gal. LOL But it could get that bad soon. LOL

EDIT !! - I have a bad habit of commenting on the first message before reading them all. Sorry this was addressed already. LOL
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Old 05-02-2018, 03:31 PM   #30
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Between CWtheman and his knowledge of tires and Cannonman and his knowledge of oil I stay in a state of confusion most of the time.
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Old 05-02-2018, 03:50 PM   #31
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Old 05-08-2018, 08:03 AM   #32
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Originally Posted by Hodgy View Post
.

Today regular gas in Vancouver BC is $161.9 CAD per litre. That works out to $611.98 CAD per US gallon or $476.66 USD per US gallon.
5a212
That is the highest cost ever recorded in North America.


.

Thats 161.9 cents per litre, not dollars
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Old 05-08-2018, 08:25 AM   #33
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Originally Posted by jrdailey90 View Post
Thats 161.9 cents per litre, not dollars
You are correct of course but you're late to the party. The OP's error was corrected in Post #7 ... on the same day as the original post.
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Old 05-08-2018, 08:54 AM   #34
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If you are interested in checking gas prices either in Texas or Not Texas (US or Canada) go to gasbuddy.com. Put in the zip or town and bingo... current cheapest prices. My zip code doesn't have any gas stations!
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Old 05-08-2018, 09:18 AM   #35
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[QUOTE=Hodgy;283538].

Today regular gas in Vancouver BC is $161.9 CAD per litre. That works out to $611.98 CAD per US gallon or $476.66 USD per US gallon.

That is the highest cost ever recorded in North America.

Hey Hodgy

Hurry up and win the war !!! VI is 146.9
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Old 05-08-2018, 12:17 PM   #36
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Ya it's absolutly rediculous. There's a different excuse every time. Luckily I live 2 minutes from Point Roberts WA so I fill up there. It's still more than Blaine and Bellingham but it works out to about 30 cents canadian cheaper than here.
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