f*cking gas price...
#51
Ian you lost me with your last statement.
thewird - I don't think anyones whining, I think everyone is calling a spade a spade.
The price of gas today is based on FUTURES price in the market. Futures price is what the price MIGHT be in 2 months or so. The price your local shell bought gas at is the price FUTURES price WAS 2 months ago when they purchased it. The reason for the inflation is based on 2 fears: fears of depletion, and fears of rising prices (ironic, I know).
The only way gas prices will go down, is if on a GLOBAL SCALE (not really, lets jsut say CANADA/US, since the US uses like 80% of the worlds resources), everyone uses LESS gas. What does this mean? Carpool, take the bus, walk the short trips, plan out your routes, find a closer job or move closer to your job or just work from home! As long as the supply is there, these fears of depletion and demand will continue to escalate.
I predict riots and strikes at $2/Liter here in Toronto.
thewird - I don't think anyones whining, I think everyone is calling a spade a spade.
The price of gas today is based on FUTURES price in the market. Futures price is what the price MIGHT be in 2 months or so. The price your local shell bought gas at is the price FUTURES price WAS 2 months ago when they purchased it. The reason for the inflation is based on 2 fears: fears of depletion, and fears of rising prices (ironic, I know).
The only way gas prices will go down, is if on a GLOBAL SCALE (not really, lets jsut say CANADA/US, since the US uses like 80% of the worlds resources), everyone uses LESS gas. What does this mean? Carpool, take the bus, walk the short trips, plan out your routes, find a closer job or move closer to your job or just work from home! As long as the supply is there, these fears of depletion and demand will continue to escalate.
I predict riots and strikes at $2/Liter here in Toronto.
I just meant if people are that concerned of the gas prices it doesn't appear to effect the amount of driving around gta. It's still a horrible drive due to traffic.
But I can't change my driving habits either. I still have to drive to work etc.
#52
It's horrible drive now because everyone has caught on to the hypermiling FAD ...
#53
Engine, Not Motor
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When did "hypermiling" become a non-hybrid thing? To think that a bunch of owners of regular cars are trying to "hypermile" is rather funny. They must be doing it wrong if they are interfering with the daily commute. Hypermiling is not at all about going slower, but smoother. Traffic should flow better if everyone was properly hypermiling.
#55
I squeezed another 80kms out of my tank by driving more smoothly and concentrating on traffic more.
Anyone watch that top gear where Clarkson drove the Audi Twin Turbo Diesel to Edenburgh and back on one tank? Even Audi said he couldn't do it. He had to average 49MPG. The only thing he could do while driving was listen to the radio.
Anyone watch that top gear where Clarkson drove the Audi Twin Turbo Diesel to Edenburgh and back on one tank? Even Audi said he couldn't do it. He had to average 49MPG. The only thing he could do while driving was listen to the radio.
#56
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the biggest thing that pisses me off about the gas prices is the retarded market analysers (sp) saying that gas prices are going to be 1.50$ per liter after every other weekend, just to make us feel lucky that were only paying $1.33/L
someone said we should be lucky that were not paying as much as bottled water, which doesn't make sense either. because if u don't like the prices of bottle water u can drink from the freakin tap, with costs virtually nothing.
but if i was living in a third world country where bottled water was the only potable water, driving would be my last concern, somewhere after trying not to die on the side of a road.
and the only actual reason that gas prices are high is that NONE of the oil corps want to up their production because that would cause more supply and lower prices. and they can do that b/c they have a COMPLETE monopoly of their industry, everything from colecting raw materials to production to distribution. so y hasn't any federal governments stopped this monopoly? because canada enjoys that massive 40% bribe that we pay as "taxes"
[/rant]
someone said we should be lucky that were not paying as much as bottled water, which doesn't make sense either. because if u don't like the prices of bottle water u can drink from the freakin tap, with costs virtually nothing.
but if i was living in a third world country where bottled water was the only potable water, driving would be my last concern, somewhere after trying not to die on the side of a road.
and the only actual reason that gas prices are high is that NONE of the oil corps want to up their production because that would cause more supply and lower prices. and they can do that b/c they have a COMPLETE monopoly of their industry, everything from colecting raw materials to production to distribution. so y hasn't any federal governments stopped this monopoly? because canada enjoys that massive 40% bribe that we pay as "taxes"
[/rant]
#57
^ I highly agree.
The so-called speculators that the media outlets turn to for price forecasts are the same banks and firms investing in oil and have the most to gain from artificially inflating the (future) price of oil!!! We really aren't that gullable (most of us) but we're having it shoved down our throats. It's all ridiculous. I wish Canada would set it's own pricing (like Venezuela currently at 10 cents or so a litre) and ignore the world market since we in fact one of the top ten oil rich nations.
The so-called speculators that the media outlets turn to for price forecasts are the same banks and firms investing in oil and have the most to gain from artificially inflating the (future) price of oil!!! We really aren't that gullable (most of us) but we're having it shoved down our throats. It's all ridiculous. I wish Canada would set it's own pricing (like Venezuela currently at 10 cents or so a litre) and ignore the world market since we in fact one of the top ten oil rich nations.
#58
im not sure why everyone is blaming th government for gas prices. first of all its the huge oil cartels such as OPEC that determine and set the price of oil, they hold everyone by the short curlys.
second of all i dont remember the last time north americans lived in anything but a democracy (im only 31). We CHOSE this for all intents and purposes. The rules and regulations that **** us over daily are the same ones we didnt bother to take the time to fight on the political level before they were put into practice. And it is getting worse everyay. Until John Q. Public pulls his collective head from his collective *** and takes an active role in the world he complains about he is likely to continue living in ****
a wise man said in reference to the invasion of kuwait and the first iraq war -
what do governements care which dictatorship they buy thier oil from. Opec sets the prices so whats the difference. And there is no difference. But civil unrest and global conflict make great reasons to jack up prices, which leads to (and in manys eyes justifies) more civil unrest and global conflict, and the cycle begins anew.
people need to wake up or learn to be comfortable while gettin assfucked by rich strangers
second of all i dont remember the last time north americans lived in anything but a democracy (im only 31). We CHOSE this for all intents and purposes. The rules and regulations that **** us over daily are the same ones we didnt bother to take the time to fight on the political level before they were put into practice. And it is getting worse everyay. Until John Q. Public pulls his collective head from his collective *** and takes an active role in the world he complains about he is likely to continue living in ****
a wise man said in reference to the invasion of kuwait and the first iraq war -
what do governements care which dictatorship they buy thier oil from. Opec sets the prices so whats the difference. And there is no difference. But civil unrest and global conflict make great reasons to jack up prices, which leads to (and in manys eyes justifies) more civil unrest and global conflict, and the cycle begins anew.
people need to wake up or learn to be comfortable while gettin assfucked by rich strangers
#59
I dont think anyone here can really understand the amount of profit the oil and gas industry makes every quarter, especially now.
This industry makes more money than money. Its pretty bad when you cant come up with an excuse for the high prices and you quit your job as a result.
"Why are prices so high?" ~ "Dont ask me, I quit for no reason as a result."
This industry makes more money than money. Its pretty bad when you cant come up with an excuse for the high prices and you quit your job as a result.
"Why are prices so high?" ~ "Dont ask me, I quit for no reason as a result."
#60
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though opec says that the price of oil has stayed on par with the economy... WHEN THEN HELL DID THE PRICE OF A COP OF COFFEE QUADRUPLE in the last 10 years?
they also say that the decide gas prices based on supply and demand like an economy should? so why is one oil maufacturer not trying to produce more oil, more money for them and it would self regulate the prices. as for demand.... if there was an alternative for fossil fuels, would bring an amazingly quick reduction to gas prices. so where are all the electric and hydrogen cars?
they also say that the decide gas prices based on supply and demand like an economy should? so why is one oil maufacturer not trying to produce more oil, more money for them and it would self regulate the prices. as for demand.... if there was an alternative for fossil fuels, would bring an amazingly quick reduction to gas prices. so where are all the electric and hydrogen cars?
#61
Speculation behind oil's rise and fall, study finds
Sept. 10, 2008 11:17 AM
H. Josef Hebert
THE ASSOCIATED PRESS
WASHINGTON – An independent U.S. study of oil markets concludes that speculation by large investors is the primary reason for the massive rise and fall in oil prices this year.
The study says investors poured $60 billion into oil futures markets in the first six months of the year as oil prices soared from $95 to $145 a barrel,
They have since withdrawn $39 billion from those same markets as prices have retreated.
Michael Masters of Masters Capital Management, which did the study, says the flow of money – not major changes in supply and demand – caused the volatile movement of oil prices.
The report was released Wednesday by U.S. Senate and House sponsors of bills to put additional curbs on oil market speculation.
Sept. 10, 2008 11:17 AM
H. Josef Hebert
THE ASSOCIATED PRESS
WASHINGTON – An independent U.S. study of oil markets concludes that speculation by large investors is the primary reason for the massive rise and fall in oil prices this year.
The study says investors poured $60 billion into oil futures markets in the first six months of the year as oil prices soared from $95 to $145 a barrel,
They have since withdrawn $39 billion from those same markets as prices have retreated.
Michael Masters of Masters Capital Management, which did the study, says the flow of money – not major changes in supply and demand – caused the volatile movement of oil prices.
The report was released Wednesday by U.S. Senate and House sponsors of bills to put additional curbs on oil market speculation.
#62
And according to the price of crude right now we should be paying $1.08 or $1.09 a litre... At least the Americans are trying to break the speculators. Interesting to see one party promising a break on diesel, but only for airlines and freight services, as a campaign promise.
#67
Nothing happened. It's what "could possibly" happen with hurricane Ike making landfall in Texas today. If you can help it don't buy gas today as it's just a bonus day of profits for them at least for now...
#68
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one thing i have noticed is that the more gas prices become the spot light of media talk the less likely they are to go up.
for instant, EVERY long weekend gas prices jump a couple cents. the analysts say it to combat the extra demand. which seems a little preemptive to me, for an excuse it's one of their better ones. however May long weekend every radio station here in calgary was talking about expecting to get bend over at the pumps. plugs like this were getting put in everywhere they could be fit. as a result the prices didn't go up that weekend.
remember when pump prices went over $1per liter, it hovered there, went over and back down several times. it did this b/c this was a very notable milestone.
for instant, EVERY long weekend gas prices jump a couple cents. the analysts say it to combat the extra demand. which seems a little preemptive to me, for an excuse it's one of their better ones. however May long weekend every radio station here in calgary was talking about expecting to get bend over at the pumps. plugs like this were getting put in everywhere they could be fit. as a result the prices didn't go up that weekend.
remember when pump prices went over $1per liter, it hovered there, went over and back down several times. it did this b/c this was a very notable milestone.
#69
when demand is high, see if you can find a station that's out of regular gas, they'll give you premium at the cost of regular
yet somehow despite getting 91 octane @ 122.1, I still put in $76 into my FD...
yet somehow despite getting 91 octane @ 122.1, I still put in $76 into my FD...
#70
My g/f and I filled her car up last night so she could drive to school and I got a call early this morning saying its a good thing we did!
******* gas.......why do I love thee so?
EDIT: Also, serisouly regarding the overnight hikes......what do they do send out an email to every gas station owner that today we should be at $XXX? Seriously WTF? How?
#71
Hurricane Ike
Gas companies
Oil speculators
Gas Taxes (about 1/3 of the price you pay is tax)
Government (the higher the price of oil, the more we pay in tax. Why not have a flat rate?)
I don't know what I'll do if the proposed "carbon tax" passes. But it'll probably be something like this...
Gas companies
Oil speculators
Gas Taxes (about 1/3 of the price you pay is tax)
Government (the higher the price of oil, the more we pay in tax. Why not have a flat rate?)
I don't know what I'll do if the proposed "carbon tax" passes. But it'll probably be something like this...