Gas finally going down

[ramffml]

We don't need Ottawa or BC's permission to move product to the coast,the UN has made that illegal for us to be blocked from moving product.I see you're falling for the Eastern BS that's floating around.Just think of how bad your taxes would be without Alberta financing the majority of Canada,as you guys in Ontario would have to step up and start paying your fair share of equalization payments to Quebec and the Maritimes Give me a break about your whining about equalization payments,you guys have never had to pay them,i could care less whether you got any money or not from Alberta,but you sure as hell never paid out any equalization have you.
Now it's time to quit this discussion before the thread gets locked,just accept the fact that 90% of what you claim is wrong

That's the definition of a "have" province; you "pay out" into the pool, so yes that was ON for literally decades until 2009.

As for the UN... I don't know where you get that from but it's quite wrong, when you want to build another pipeline the UN is not going to force Canada and USA to approve it for you. How do you think Keystone was stopped? Then there is the Trans Mountain pipeline which is literally owned by Canadian Gov't so don't count on using that one for free. The other pipelines are owned by corporations like Enbridge and TC Energy, and they'd have to negotiate with two countries now for stuff like taxes and regulations, and one or both countries can restrict expansion. AB doesn't own a single pipeline.

And you didn't seem to catch the update I left in my post before you posted your reply, but there are many reasons why AB cannot separate legally.

I do agree that AB has been shafted a few times too many by Canadian gov'ts, so I get why the outrage and sentiment exists. Where we disagree is on how to fix that.

 

[Dusty]

I've read that, and I simply don't understand why we have to pay so much for fuel. It seems to me that if our country is rich in oil, then so should the people, the country's owners. Why can't we sell our oil to our refineries at the cost of harvesting the oil? If anyone understands oil pricing, please share. I've wondered about pricing like forever.

Part of the reason is the United states still imports a lot of oil:

US Oil Imports by Country 2026

Data on US oil imports by country, highlighting the volume of oil imported from various nations over time.

worldpopulationreview.com

Regards,
Dusty
2019 Ram 1500 Billet Silver Laramie Quad Cab 2WD, 5.7 Hemi, 8HP75, 3.21 axle, 33-gallon fuel tank, 18” wheels. Build Date: 3 June 2018. Now at 150155 miles.

 

[Burla]

Someone mentioned land leases, well the USA only makes 7 billion off land leases for oil, so that isn't it, that is a drop in the bucket maybe a penny a gallon off that particular item.

We don't have a government office for non profit oil harvesting, not sure that would be what you want. It would be counter intuitive as once gov't is in charge of that there is zero motivation to get the job done.

The oil I burn in my truck comes from suadi area and then goes to Korea area and then finds its way into local gas stations. Once our refineries were at capacity, they don't allow gas from other USA sources like texas. Mind you my state is a major oil producer and has plans to become the second largest oil producer behind Texas under newsome if you can believe that = 2k new pump jack permits. Now that oil cant be refined here as all new current refineries are at capacity, so it goes on a truck/rail to be refined in other states usually southern states like Texas or new Mexico etc, and then sent elsewhere not back here because by law we cant use that gas. So yeah I agree, we need a federal gas czar that makes common sense fixes, the problem is the public aren't forcing this and as we see czars strategies vary depending on the current admin, so it is all cluster mess. CA down to 12 refineries well down from peak of over 40, we lost great refineries such as benecia just this year, down to 12 now for the most populous state and wide space. We lose a refinery once every two years since about the turn of the century. When one refinery is down for wild fire or accident, it is a major disruption!

I think the current way is as fair as possible, since what broke it in the first place is the gov't obstructionism, why would you want them to fix it?

.

 

[Dusty]

Someone mentioned land leases, well the USA only makes 7 billion off land leases for oil, so that isn't it, that is a drop in the bucket maybe a penny a gallon off that particular item.

We don't have a government office for non profit oil harvesting, not sure that would be what you want. It would be counter intuitive as once gov't is in charge of that there is zero motivation to get the job done.

The oil I burn in my truck comes from suadi area and then goes to Korea area and then finds its way into local gas stations. Once our refineries were at capacity, they don't allow gas from other USA sources like texas. Mind you my state is a major oil producer and has plans to become the second largest oil producer behind Texas under newsome if you can believe that = 2k new pump jack permits. Now that oil cant be refined here as all new current refineries are at capacity, so it goes on a truck/rail to be refined in other states usually southern states like Texas or new Mexico etc, and then sent elsewhere not back here because by law we cant use that gas. So yeah I agree, we need a federal gas czar that makes common sense fixes, the problem is the public aren't forcing this and as we see czars strategies vary depending on the current admin, so it is all cluster mess. CA down to 12 refineries well down from peak of over 40, we lost great refineries such as benecia just this year, down to 12 now for the most populous state and wide space. We lose a refinery once every two years since about the turn of the century. When one refinery is down for wild fire or accident, it is a major disruption!

I think the current way is as fair as possible, since what broke it in the first place is the gov't obstructionism, why would you want them to fix it?

.

Your intentions are honorable, but the proposal is to replace current government action with more government action by appointing a "czar." Czars are almost always non-elected people who are often a plutocrat-elitist and not accountable in any way to the outcome.

Let me suggest to the horror of those with a controller instinct that the free market usually finds the best and less costly way through resource evaluation and competition.

Best regards,
Dusty
2019 Ram 1500 Billet Silver Laramie Quad Cab 2WD, 5.7 Hemi, 8HP75, 3.21 axle, 33-gallon fuel tank, 18” wheels. Build Date: 3 June 2018. Now at 150212 miles.

 

[Docwagon1776]

I don't know about that, why would Saudi do that they have coast to coast pipeline and they can use other water way.

Capacity and existing refining/handling infrastructure.

 

[Docwagon1776]

Cheapest gas I ever bought was in Qatar during the early years of GWoT. Roughly equivalent to $0.29 USD/gallon and it was pumped for you. Mostly by Indians who both worked and lived at the gas station (apartments over the station were very common).

Gov't set the price, all stations in the country had the same rate.

 

[KalboKalbs]

Cheapest gas I ever bought was in Qatar during the early years of GWoT. Roughly equivalent to $0.29 USD/gallon and it was pumped for you. Mostly by Indians who both worked and lived at the gas station (apartments over the station were very common).

Gov't set the price, all stations in the country had the same rate.

Short period of time, ~1972, San Jose, CA, $0.14 at cheapo station. Typical them days ~$0.33 - $0.36.

~1973 OPEC went gansta. Seems like gas jumped to ~$0.75. Lines at gas stations, odd / even days... 8 gallon tank on my MG Midget was a challenge to deal with.

 

[Farmer Fran]

Down another $0.10 here

 

[RamDiver]

Today's price for regular 87 octane at the nearby town is $1.649/litre or ~$6.27/US gallon.
The same price as Costco in Ottawa.

The usual here is that costs take hours to spike up and months to trickle back down.

.

 

[Mojo88]

...The usual here is that costs take hours to spike up and months to trickle back down......

Hahaha, I think that's the same for just about everyone..............

 

[RamDiver]

Hahaha, I think that's the same for just about everyone..............

I suspect the peaks up here are more significant, just like Amazon prices.

The gas prices up here were usually about 33% higher than in the USA, but this last spike brought them closer to 50% higher.

The prices also fluctuate regularly, even before the war. We would regularly see 40 to 50 cents/US gallon within a week.

And the spread from 87 to 91 Octane grows with every increase and seldom returns to where it started. I used to pay about 45 cents extra/US gallon to buy 91. Now, it's often more than $1.30 more.

Are there locations in the US where the gas prices are so volatile? Maybe California?

.

 

[97RedRam]

New Trucks go from 25,000 to 40,000 to 60 or 70,000 dollars but people still buy and have no complaints. Gas goes up 50 cents to a dollar or more a gallon and everyone screams about the price. Everything in life has gone up and the days of cheap gas is over. If you want or need it just pay up.

 

[Dusty]

I suspect the peaks up here are more significant, just like Amazon prices.

The gas prices up here were usually about 33% higher than in the USA, but this last spike brought them closer to 50% higher.

The prices also fluctuate regularly, even before the war. We would regularly see 40 to 50 cents/US gallon within a week.

And the spread from 87 to 91 Octane grows with every increase and seldom returns to where it started. I used to pay about 45 cents extra/US gallon to buy 91. Now, it's often more than $1.30 more.

Are there locations in the US where the gas prices are so volatile? Maybe California?

.

For western New York state the recent price increase was quite rapid and has been holding steady (average for Monroe & Wayne counties <> $4.09), although one station on the west side of Rochester dropped a nickel. As others have commented, crisis prices have decreased slowly in the past. We are always slightly above the national average.

Regards,
Dusty
2019 Ram 1500 Billet Silver Laramie Quad Cab 2WD, 5.7 Hemi, 8HP75, 3.21 axle, 33-gallon fuel tank, 18” wheels. Build Date: 3 June 2018. Now at 150303 miles.

 

[dhay13]

Last week I posted regular was 4.19 here. Today it's 4.15 so not much difference

 

[TradesmanGuy]

Last week I posted regular was 4.19 here. Today it's 4.15 so not much difference

At least it is heading in the right direction. For how long is the question.

 

[06 Dodge]

At least it is heading in the right direction. For how long is the question.

Gas in my area of the Portland metro our gas finally went down 10 cents a gallonto $4.69 but diesel still is holding at 6.09 a gallon no excuse for being this high as diesel in the midwest is $4.93 with gas around $3.32

 

[Bigskyroadglide]

Montana average gas prices​

	Regular	Mid-Grade	Premium	Diesel
Current Avg.	$3.885	$4.184	$4.535	$4.975
Yesterday Avg.	$3.891	$4.207	$4.548	$4.984
Week Ago Avg.	$3.897	$4.193	$4.540	$5.018
Month Ago Avg.	$3.497	$3.826	$4.145	$4.406
Year Ago Avg.	$3.161	$3.464	$3.766	$3.422