Gas at $1.02 per liter. ( Gas companies unloading inventory )

[Kepler]

I agree with u kepler.............let's raise the price of gas and watch the rate of inflation go thru the roof while ur income remains the same.

haha. First, the price of gas has but is but one factor in inflation.

Second, it's true that raising the price of gas will cause problems. But it will solve many more problems than it creates. Understand that a vote for Kyoto, which many Canadians support, is a vote for higher gas prices.

Lastly, it's 100% certain that gas prices will go up, a lot. Nothing we can do about it. Oil is a limited commodity. We are using it up. The less there is, the more it's price will rise. Not only that, but now many others also want it (Indians, Chinese, etc.). More customers chasing fewer barrels of oil = major price spike.

No choice but to accept reality.

 

[vasco]

Granted.....Montreal is more expensive in terms of operating costs but wouldn't that be off setted by the cost of delivering the fuel to remote areas considering the refineries are located in the east end of Montreal.

Point 1........Granted .........oil is not the only factor but is the main contributer to inflation.

Point 2.........The only problem it will solve is the environment ,which is fine by me. For everything else, there will be a price to pay. Look all around you, everything you see is or has a by product of oil and/or has the cost of transporting the product to you. As for Kyoto, I never casted my ballot and it's not a vote for higher prices but a vote for big industries or companies to reduce emissions. Don't forget coal, wood stoves and cows amongst others pollute the world.
http://gizmodo.com/349723/scientist...-farts-your-farts-next-god-willing?mail2=true

Lastly..........For every dollar of gas you buy 60 cents goes to the refineries and 40 cents to the thiefs we elected. Canada has the second largest reserve of oil in the world second to Saudi Arabia http://en.wikipedia.org/wiki/Oil_reserve . As for the increase of oil, OPEC Countries are limiting their production to artificially increase their price. Granted..............China and India are in need of oil but this is due to the fact the rest of the world is closing shop and moving their operations to third world countries. To a certain extent, less oil is needed in the industrial world and more for the third world, a sort of off set.


Yes, we do have a choice...........

http://www.teslamotors.com/

 

[JH Fan]

Reasons...

The Cost of Gasoline over the long term, gasoline prices reflect crude oil prices, taxes and the cost of refining and distribution, including measures for environmental protection and a reasonable return for investors.

In most countries with free markets, service station operators set retail pump prices. The supplier typically sells the station owner gasoline at a wholesale price reflecting prevailing market conditions. The station operator decides, in turn, what price he will charge the public.

Competition may cause prices to vary from location to location as the number, size and structure of retail stations, as well as the number of customers, volume, fuel specifications, taxes and other factors differ. Furthermore, many factors can affect the gasoline supply/demand balance and cause temporary pressure on prices — both up and down.

Add to that : Seasonality, Logistics, Commodity markets, Tight supplies... and probably a 'little greed'.

 

[Tommy Hilfinger]

The oil companies will use any excuse to raise prices. At this time the excuse is Labor day with the other one being the hurricanes. The usual excuse is Thursday, so we have to raise the gas prices.

 

[EagerBeaver]

In the USA right now, last time I pumped this week gasoline was $3.89/gallon for 87 Octane using cash, $4.01/gallon using credit card. Hope you guys are not any higher at this time.

 

[James Joyce]

At the current rate of 1.39 per liter that calculates to $5.26 US gallon & currency.

 

[David Bowie]

With the economy the way it is, we should see less demand.

 

[Special K]

it is presently..... $1.399 per liter for the regular

In the USA right now, last time I pumped this week gasoline was $3.89/gallon for 87 Octane using cash, $4.01/gallon using credit card. Hope you guys are not any higher at this time.

It's obvious you weren't a math major Beav. Lol.

 

[James Joyce]

roughly calculate is $1.40 x 4 = $5.60

1 US gall = 3.78 L or 5%less than 4 L

Therefore $5.60 x 0.95 = $5.37

$1.00 US = 1.05 CDN

$5.37 - 5% = $5.10

Try this and no rough calculation is needed

http://www.mississauga4sale.com/Gasoline-Conversion-Calculator-litres-gallons-us.htm

based on the latest currency exchange rate of 0.957797 the computation is US$/US Gallon: $5.53

 

[TheDon]

Hard to believe I can remember gas being at 45 cents a liter.

Have no idea how they made any money at that price.....

 

[Sol Tee Nutz]

Hard to believe I can remember gas being at 45 cents a liter.

Have no idea how they made any money at that price.....

It cost a lot less then to get it out of the ground at that time. labour is more expensive now, your people need to be certified in many safety areas. Enviromental costs have gone way up.

 

[Doc Holliday]

Maybe it's time we organize a nation-wide march in order to protest against the high cost of gasoline.

 

[Mod 11]

I remember when gas was $0.45/gallon IN CANADA!

 

[figeac83]

Mod11;

But how much were massages at that time?

 

[Mr. Oxmix]

Gas is at 1.38 to ding the vacationer.

 

[Mod 11]

Fig, at that time I barely knew the differences between a boy and a girl so, I can't answer you on that.

 

[Blaupunkt]

If Gas was $0.45/gallon, Trudeau must have been in power.