don't get it
- Thread starter daboy
- Start date
Yes..
...you were getting ripped off.
You ever why the price of gas in Canada...an oil EXPORTING nation...is more than in just about anywhere in the United States...an oil IMPORTING nation?
You ever wonder why the gas stations here charge EXACTLY the same price (to the tenth of a penny) for blocks all around? You NEVER see that in the U.S....stations compete.
You ever wonder why the price can rise and fall as much as ten cents per liter in the space of hours. Not just fall or rise...rise AND fall...depending on time of day? Stations in the U.S. don't do that either...changes day to day, maybe...not up and down DURING the day.
It is very, very, very clear to me that the oil companies in Canada are engaged in price fixing / collusion. I could not believe what I was seeing when I arrived here. Such behavior is STRICTLY illegal in the U.S., but different laws here (I am sure the fact that the Canadian government has a major stake in the largest Canadian oil producer plays a part in this...) apaprently permit it.
I long ago learned that the price of oil has only the most casual relationship with the price of gas in Canada....
daboy said:Price of oil is near all time high...72+/barrel
YET gas is 15 cents less then last peak.
SO
1) oil companies love us and are priced as a sale
2) LAST PEAK we were getting ripped off.
Wonder which??
db
...you were getting ripped off.
You ever why the price of gas in Canada...an oil EXPORTING nation...is more than in just about anywhere in the United States...an oil IMPORTING nation?
You ever wonder why the gas stations here charge EXACTLY the same price (to the tenth of a penny) for blocks all around? You NEVER see that in the U.S....stations compete.
You ever wonder why the price can rise and fall as much as ten cents per liter in the space of hours. Not just fall or rise...rise AND fall...depending on time of day? Stations in the U.S. don't do that either...changes day to day, maybe...not up and down DURING the day.
It is very, very, very clear to me that the oil companies in Canada are engaged in price fixing / collusion. I could not believe what I was seeing when I arrived here. Such behavior is STRICTLY illegal in the U.S., but different laws here (I am sure the fact that the Canadian government has a major stake in the largest Canadian oil producer plays a part in this...) apaprently permit it.
I long ago learned that the price of oil has only the most casual relationship with the price of gas in Canada....
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Price blip for Texas crude, the oil not the people, they talked about this morning was because of concern over the new storm brewing. Heading to gulf states are where the rigs are. So they say, but then again ?
MLAM said:
Right on the money, and the government doesnt want to stop it saying there is no collusion because they profit off it as well through taxes...
Wife went to buy gas at the local station, price 90.9, thought she was getting a good deal. Came home told me, so I dashed off to get some, arrived not 15min after her and price dropped to 89.9, WTF priced then jumped over night to 94.9. Are we getting F**KED or what.
goalie000 said:
Filled up last Wednesday up north coming home from a friednly poker game, somewhere in Markham, at 78.9, all others were hovring at 80.0 and such....thought perhaps oil started seeping outta blue mountain or something.....
Yes...
...yes you are.
Here is some more to think about...
The price of gas has fallen (not that I am complaining) about 20% in the last few weeks. (from 1 plus teens to high 80's). The price of oil has droped a bit...but just a BIT. Makes you think you were previously getting overcharged, right?
It gets better...
The gas you are buying now ws made from oil purchased MONTHS ago. The supply chain from the the ground thru the transport system to the refinery to you is many months long. So right now you are buying gas that was refined from oil that should have cost SIGNIFICATLY more than the current market price.
So why is it suddenly cheaper?
I understand how supply and demand works, and also how the price of commodities can change based on things like world events and weather. That does not explain these changes in the RETAIL price. +/- 10 cents a liter in a day???? All the gas in the ground at the station isn't even sold in a day...and it was purchased from the supplier all at the same price, right?
It is price gouging and profit taking...powered by collusion. You are a fool to believe otherwise...
goalie000 said:
...yes you are.
Here is some more to think about...
The price of gas has fallen (not that I am complaining) about 20% in the last few weeks. (from 1 plus teens to high 80's). The price of oil has droped a bit...but just a BIT. Makes you think you were previously getting overcharged, right?
It gets better...
The gas you are buying now ws made from oil purchased MONTHS ago. The supply chain from the the ground thru the transport system to the refinery to you is many months long. So right now you are buying gas that was refined from oil that should have cost SIGNIFICATLY more than the current market price.
So why is it suddenly cheaper?
I understand how supply and demand works, and also how the price of commodities can change based on things like world events and weather. That does not explain these changes in the RETAIL price. +/- 10 cents a liter in a day???? All the gas in the ground at the station isn't even sold in a day...and it was purchased from the supplier all at the same price, right?
It is price gouging and profit taking...powered by collusion. You are a fool to believe otherwise...
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I have always wondered why the principle of reselling is not allowed for gas stations. Technically a reseller could buy from say Petro Canada for say 85 cents. As prices go up to a 1.08 they could still sell at say 95 cents. Why is that not possible?
The price at the pump is not totally dictated by the price of crude oil on the futures market. It is much more governed by the price of unleaded gas on the futures market. As one who trades futures, I am somewhat familiar with why the gas prices change as they do. Have a look at the charts and you will see what I am referring to. The price of unleaded gas on the futures market has fallen much more than the price of crude oil, hence our lower gas prices. There are obvoiusly more factors than this, but a lot of world events are already factored into futures prices.
Some people need to learn about speculation and how it works.
And if you don't understand how prices at the pump relate to world oil prices well, sorry, there's not much point debating until you do.
And if you don't understand how prices at the pump relate to world oil prices well, sorry, there's not much point debating until you do.
The gas station rip you off of course !! What people should do is stop shopping at the gas stations !!!!!!!!! Stop buying coffee, donuts, magazines, junk food, at the gas stations !! Now here is another new way they are ripping us off, last night I went to the local Esso station and filled up, I then went to fill up my tires, when I get to the air pump I see that Esso is now charging 50 cents to use the air pump !! WTF, I was ready to tear a strip off the attendent inside but decided not too, instead I drove across the street to the Petro Canada where the air is still free ! I hope nobody pays 50 cents for air at Esso stations !!
I haven't been sold on anything. The only thing I've been sold on is that markets move in somewhat predicatable ways and there are methods to profit from this. Instead of bitching and complaining about the price of oil, why not learn how the market works and do something positive for yourself, like make some money from the price moves! You can't change such things as price collusion, high taxes etc. As we all know bitching and complaining does little good. And, fantasiafan, what does Enron have to do with my previous post?
Watch the movie. "how the market works" is what your sold on. And if youre so smart and dont agree, maybe your right. But all those 'smart' people bought into Enron's futures schemes didnt they? Big fortune they made. And you could change things like price collusion, if people stopped whining and banded together for a cause.
Youre right when you say people bitch and complain does little good. Years ago I remember when taxes went up people complained but did nothing just talk. Nothing happend. Rogers cable went up, and their was an outrage and people did something and Rogers was froced to withdraw their increase.
Finally wawa, thanks for looking after my financial interests, but living in my shack driving this old shopping cart suits me fine
Youre right when you say people bitch and complain does little good. Years ago I remember when taxes went up people complained but did nothing just talk. Nothing happend. Rogers cable went up, and their was an outrage and people did something and Rogers was froced to withdraw their increase.
Finally wawa, thanks for looking after my financial interests, but living in my shack driving this old shopping cart suits me fine
wawa said:
The price of gas not only depends on the price of oil, but the price that is set for gasoline on the wholesale market which is set by supply / demand. Summer is over, people drive more in the summer (high demand). After summer, if there are no prolems at refineries, supply is greater than demand, so price drops
I get it...
we're gettin ripped...every friggin day for days on end...till the end of time...no one in government gives a crap about the gas price...look at the tax on it...oh...thanks petro for pointing it out everytime i gas up...
I use sunoco late night...always least expensive...but I usually have to idle for 15 min waiting...you just can't win...
the conspiracy on holding back alternative fuel sources hopefully is coming to an end...
daboy said:Price of oil is near all time high...72+/barrel
YET gas is 15 cents less then last peak.
SO
1) oil companies love us and are priced as a sale
2) LAST PEAK we were getting ripped off.
Wonder which??
db
we're gettin ripped...every friggin day for days on end...till the end of time...no one in government gives a crap about the gas price...look at the tax on it...oh...thanks petro for pointing it out everytime i gas up...
I use sunoco late night...always least expensive...but I usually have to idle for 15 min waiting...you just can't win...
the conspiracy on holding back alternative fuel sources hopefully is coming to an end...
I haven't seen the movie that you refer to, and if you have taken their views as your own that is great. I prefer to do my own research and come to my own conclusions. I'm probably one of the least smart people contributing to this thread, but at least my ideas are my own. As for your financial interests I hope that you are doing well.
Lastly, fantasiafan, perhaps you are the man to take on the oil cartels that you speak of and really change the world. Perhaps you are like the Polish dock worker from Gdansk who would make a difference. Go for it! Sadly I am not up for the challenge.
Lastly, fantasiafan, perhaps you are the man to take on the oil cartels that you speak of and really change the world. Perhaps you are like the Polish dock worker from Gdansk who would make a difference. Go for it! Sadly I am not up for the challenge.
