Gas Prices

[goalie000]

So has the price of gas affected your Hobbying?
My Favorite Lady is a 1 1/2 hr round trip away, with the price of gas getting to the 1.35 a litre mark it's starting to add to the cost of a visit significantly. will it change your hobbying to find SP's closer to you or will you just continue as normal?

 

[yeet]

Not to go off topic, but this hike as of Friday to $1.35 seems unjustified. I took a trip out east on Saturday, and it was $127.9 in every town from Port Hope to Kingston, got back to TO same day still $1.35 here.

Even in Kingston and Port Hope now, its $1.27 and still $1.35 here.

http://www.torontogasprices.com/ind...e_limit=24&site=Toronto,Ontario&srch=1&list=0

 

[Danolo]

Not a big deal

You say 1 1/2 hours round trip...

Ok, assuming 80 kms per hour, that's 120 kms.

If you vehicle is getting only 5 litres per 100 kms, that's a useage of 6 litres.

At $1.40 per litre your fuel costs are $8.40.

....

If you vehicle is 10 litres per 100 kms, that's still only a cost of $16.80.

...
Certainly rising fuel prices are annoying, and it changed our long driving trips and vacations, but when it comes to hobbying...

The way I look at it is that I spend $150 to 300 when I go hobbying, including the fees, travel (I live 200 kms from my favorite SP), meals, etc.

An extra 10 - 15 bucks is not significant.



Just my 2 cents

 

[sc dave]

So has the price of gas affected your Hobbying?
My Favorite Lady is a 1 1/2 hr round trip away, with the price of gas getting to the 1.35 a litre mark it's starting to add to the cost of a visit significantly. will it change your hobbying to find SP's closer to you or will you just continue as normal?

Try laying down the $200 on your wife's dresser and hope to get the BBBJ, multi-positions and all that you get from your favorite lady. You'll save a lot on gas but having to explain (in my case) all your 'deviate' requests might lead to other issues.

LOL, just teasing. But I know what you mean, every where we turn we are being nickle & dimed to death.

 

[james t kirk]

What's the real rip off is 11 or 12 cents more for 91 Octane.

I doubt it even costs a penny a litre.

In Buffalo, Premium is about 23 cents A GALLON more. That's about 6 cents a litre. Same in Quebec - 6 cents a litre (mind you they pay more for 87)

Yet we pay 12 cents a litre for 91 octane.

Another rip off.

 

[Questor]

Not to go off topic, but this hike as of Friday to $1.35 seems unjustified. I took a trip out east on Saturday, and it was $127.9 in every town from Port Hope to Kingston, got back to TO same day still $1.35 here.

Even in Kingston and Port Hope now, its $1.27 and still $1.35 here.

http://www.torontogasprices.com/ind...e_limit=24&site=Toronto,Ontario&srch=1&list=0

And what to you would be a justified price increase in a free market system where price is determined by supply and demand? In a system like this, gas station owners and oil companies will increase (or decrease) the price of gas to the point of maximizing their profits. What the people who control the price of gasoline are finding out is that demand is relatively inelastic i.e. they can increase price (and their profit) and people will still buy their gas. Are you under the impression that the capitalist system operates by a set of rules whereby producers are obliged to minimize profits by dropping prices to the point where they are just barely getting by, all so you can cruise around by yourself in your gas guzzling car designed to carry 5 people? It would appear that in the communities east of the GTA, the laws of supply and demand are keeping the price of gas somewhere around 6% lower. Perhaps lower operating costs? More elastic demand at that price level?

 

[The Crunge]

And what to you would be a justified price increase in a free market system where price is determined by supply and demand? In a system like this, gas station owners and oil companies will increase (or decrease) the price of gas to the point of maximizing their profits. What the people who control the price of gasoline are finding out is that demand is relatively inelastic i.e. they can increase price (and their profit) and people will still buy their gas. Are you under the impression that the capitalist system operates by a set of rules whereby producers are obliged to minimize profits by dropping prices to the point where they are just barely getting by, all so you can cruise around by yourself in your gas guzzling car designed to carry 5 people? It would appear that in the communities east of the GTA, the laws of supply and demand are keeping the price of gas somewhere around 6% lower. Perhaps lower operating costs? More elastic demand at that price level?

True, supply and demand govern prices in our wonderful world of capitalism and greed, I took Economics 101 too. But surely geopolitics plays a massive role in all this....and perhaps some back room wheeling and dealing by government and big business (said the evil cynic in me).

Prices have almost doubled in the past 18 months....doubled! No way that supply and demand have altered that drastically in that short a period to cause prices to have doubled. Cynics be free! And the dude at the top of Exxon/Mobil walked away with $1 million PER DAY in compensation!

Now all we need are subway stops at Allure, HFH and Plats!

 

[HafDun]

You guys with gas guzzlers shouldn't complain.
Less than a year ago I was filling my FourTwo with Diesel for about $12.00-14.00 Now diesel has become more expensive than gas (which is totally bizarre) and it costs me $22.00-25.00 to fill up.
That's inflation!

 

[RTRD]

Ding Ding!!

True, supply and demand govern prices in our wonderful world of capitalism and greed, I took Economics 101 too. But surely geopolitics plays a massive role in all this....and perhaps some back room wheeling and dealing by government and big business (said the evil cynic in me).

Prices have almost doubled in the past 18 months....doubled! No way that supply and demand have altered that drastically in that short a period to cause prices to have doubled. Cynics be free! And the dude at the top of Exxon/Mobil walked away with $1 million PER DAY in compensation!

When you can see multiple gas stations, some across the street from each other, all different (major) brands, all charging the EXACT same price (within a relatively large geographic area), you know there is collusion.

You would never see this behavior in the U.S. (that is not a Canadian slam, I am just saying I have the perspective of having lived in both places). There is this thing they call a "gas war"...

The price of gas here is neither tied to the cost of crude (because the gas you are buying now was refined with crude purchased / pumped months ago...plus the price of crude has skyrocketed, but not as much as the price of gas), nor supply and demand (how is it that a nation with fewer cars, fewer drivers and fewer miles driven per capita charges more for gas than its neighbor, even though it is an oil EXPORTING nation? No shortage of crude in Canada baby...). It all as simple as the oil companies charge as much as they think they can get away with...which is fair...when done in A COMPETITIVE ENVIRONMENT. If there is no competition to add a dose of reality, then the price doesn't reflect market conditions so much as consumer vulnerability.

 

[Questor]

True, supply and demand govern prices in our wonderful world of capitalism and greed, I took Economics 101 too. But surely geopolitics plays a massive role in all this....and perhaps some back room wheeling and dealing by government and big business (said the evil cynic in me).

Prices have almost doubled in the past 18 months....doubled! No way that supply and demand have altered that drastically in that short a period to cause prices to have doubled. Cynics be free! And the dude at the top of Exxon/Mobil walked away with $1 million PER DAY in compensation!

Well Crunge, I took that Ec101 course too, although admittedly many years ago. So I don't claim to have an advanced level of understanding on this issue. Yes, I agree that geopolitics would play a big role in price of crude. And I would think that geopolitics IS a factor in supply and demand. But I am not sure what you are suggesting with your comment about back room wheeling and dealing by government and big business. Bush and Cheney, and to a lesser degree Congress, ARE Big Business.

 

[james t kirk]

Wait till Israel attacks Iran.

Then you're going to see gas at about $3.00 a litre.

You know it's only a matter of time.