Gas prices going up to $1.40 at midnight

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prillerFan said:
This is still one of the cheapest countries in the world to buy gasoline. I advise stop whining and STFU.

edit:
It doesn't matter how many refineries we have or how much oil we produce. None of that is nationalised and we don't have our own oil bourse either. The companies that refine that sell it on the market at market prices. So STFU some more :)
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Agreed. As much as rising gas prices suck, it is still "cheap" so long as people can afford to drive gas-guzzling SUVs.

What I did was hedged my risk of rising fuel costs by investing in oil companies. When oil goes up, I make money on the market but lose money in increased fuel costs. When oil goes down, I lose money on the market but gain money in saved fuel costs.
 
we can't/don't control the market price, but our government could certainly look at the tax rate on gas.
whatever rate they make sure puts alot more money into social programs at 1.40 and higher then $.95 or less gas prices.

If we had some tax relief it would be helpful
 
suzuki2000 said:
we can't/don't control the market price, but our government could certainly look at the tax rate on gas.
whatever rate they make sure puts alot more money into social programs at 1.40 and higher then $.95 or less gas prices.

If we had some tax relief it would be helpful
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We also have some of the cheapest gas taxes out there too. Any sort of tax-break is a temporary measure at best and not even worth debating.
 
Canada actually has contract with the US, in which we HAVE to sell them a minimum of barrel of oil everyday, even if we can't supply our self. It's going to hurt in around 6 years following that contract.

BTW, I was in Spain 3 weeks ago and gas was cheaper over there! In France it was the same price don't tell me the BS thing of euro over can...minimum wage in France is 9euro/month...which is the same than here (in most of the province)

I already decided, as soon as we reach the 1,70$/L I sell my bike, I will save the extra money from insurance and bike payment to pay my gas for the car.
 
im glad im riding my bike to work as much as possible now. Half the price as my pickup truck. and when you drive 75+km/day the savings add up
 
I drive a POS Toyota Yaris... It uses less gas than my RC51! lol
 
vince492 said:
Canada actually has contract with the US, in which we HAVE to sell them a minimum of barrel of oil everyday, even if we can't supply our self. It's going to hurt in around 6 years following that contract.

BTW, I was in Spain 3 weeks ago and gas was cheaper over there! In France it was the same price don't tell me the BS thing of euro over can...minimum wage in France is 9euro/month...which is the same than here (in most of the province)

I already decided, as soon as we reach the 1,70$/L I sell my bike, I will save the extra money from insurance and bike payment to pay my gas for the car.
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http://www.energy.eu/

So, I guess the price went up $0.52 CAD in the past 3 weeks in Spain? You *did* take the exchange rate into account, yes? It's not BS, they actually do have exchange rates.

Also:
http://www.labour.gov.on.ca/english/es/pubs/guide/minwage.php

minimum wage in ontario is $10.25, not $12.42 (today's exchange rate).

As for your assertion about Canada's minimal requirement to sell to the US:... "Citation needed".
 
Canada is the only country in the world that sells domestic oil to it's own population at world prices then adds a tax.We are sheep to the slaughter and may I also point out the highest taxed per citizen as well.Common knowledge yet we do nothing to help ourselves.
 
aLiveandiNsane said:
And you would think invading 2 major oil producing countries would be enough :/
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That's assuming the average Joe will see even marginal benefit from the heist.. Our kids bleed so corporations in a foreign country will make a mint. I wonder where they'll be sent next.. We'll find out after the next Harper-Obama powwow :cool:

P.S. Our military presence in Afghanistan frees up U.S. military resources for adventures (for fun and profit) in other parts of the world.
 
Time to dust off the bicycle.
 
Moose_Whisperer said:
Greedy oil companies.

Makes me want to take the transit all over again. *Sigh*
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Pedo Bear shouldn't be allowed to commute in 2 modes:

1) Windowless van
2) Public Transport

Drop gas prices, keep Pedo Bear off public transit!
 
RetroGrouch said:
Time to dust off the bicycle.
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I agree. I'm lucky enough to live close enough to work that riding a bicycle 5 days a week is real option. In fact my ride to work by bicycle is a hell of a lot more fun than by motorcycle. As seen here....

By motorbike.......yawn......

[video=youtube;ozTi50fL-zw]http://www.youtube.com/watch?v=ozTi50fL-zw[/video]

By bicycle.......hell yeah......

[video=youtube;b6_LmyMDnng]http://www.youtube.com/watch?v=b6_LmyMDnng[/video]
 
This is an oligopoly that functions as a monopoly. The very inelastic short term demand and monopoly conditions mean that we pay what they want us to pay, plain and simple. There are some parameters though, in that if the price rises too high, the demand curve suddenly shifts as people just don't have any means to pay. The trick for oil companies is to have the price high enough that we're still willing to drain our bank accounts to fill the tanks, but not so high that it would be better to stop working and not drive anywhere.

There is another player in the equation, and that is the commodities speculator. They can cause the price of oil to rise and fall very quickly and have no real stake in the supply/demand equation. This has added considerably to the volatility of all commodities as we do not have the stability of buyers to sellers, instead this group of pirates that create transactions for the sake of it. It's not "market efficiency" but instead a destabilizing force.

The problem from an economic standpoint is that the national economy is so reliant on commodity pricing, and especially energy, that this added volatility makes the creation of monetary policy and other stabilizing economic programming difficult. I'm not saying that oil prices should be held artificially low, as this encourages over consumption relative to the supply, but I do think that the speculators need to be taken out, or minimized. If consumers can pay massive transaction fees for buying gasoline, why can't others in the stream?
 
and we COULD have done what Norway did and nationalize a key resource, put a $50 a barrel carbon tax on it since 1991 and used the proceeds for the common weal of the citizens.

Let's see....Alberta ....3 million people $16 billion in their Oil Heritage Fund.....whoop de do

Norway ....3 million people and $400 billion in their Oil heritage fund :eek:
......you wouldn't give a rats *** about an oil blip if our gov was delivering the services tht Norwegians take for granted.

Instead we give corporate welfare to the resource companies, $2.8 billion in subsidizes, corporate tax at just 1/2 of the OECD average and the infrastructure falling apart.

We have a combination of Dutch disease and pure stupidity. :mad:

But we do get to whinge. ;)
 
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