Crude is $77 a barrel now
 

-_-

http://www.bloomberg.com/energy/

Nymex Crude Future 77.70





soooooooooooooooooooooooooo you know what im gonna say.... we're all thinking it...... -_-

still $120 in maple ridge

what was the gas price when it first hit 77?

yes!! thats wat i was wondering as well...they're fast to jack up the price yet slow to bring it back down...why?

Simple answer is because they can.

well as i just found out in the VAC it looks like when crude was $68.74 back in 2006 gas was selling at $1.12+ a litre

:/

i got it for 109 2day in rihcmond

:D:D

Gas is 121.9 in Surrey, Its 115.9 in vancouver, wtf.....

132.9 in MB

got mine last night at 114.2 at chevron

Here's my theory:

World forces cause oil prices to go up. From China to US to you, the driver.

Vs.

Only local forces drive oil prices downwards. In other words, only competition (or gas price wars) between local gas stations will push prices down.

$1.05.9 for regular
$1.11.9 for premium

at Costco in Abbotsford on Friday.

112 at chevron by bcit

.997 right after the border!

when gas is a dollar a litre
i can finally feel like im not getting jewed

Gasoline finally drops below a buck

http://www.torontosun.com/news/toron...13916-sun.html

That's just FUCKING INSULTING

it's 121.5 here

weird i said the same thing and i got flamed and received points

hmm

:rolleyes::rolleyes:

oh well watever


but wtf why is gas still staying at 1.21 untouched

fucking gay

Wow and its 121.5 here..... so sad...... :rolleyes:. I guess all we can be happy for is that is will keep decreasing SLOWLY if that even happens.

opec controls the prices.

prices of oil goes down, opec cuts production to raise it back up. they are the fundamental balance to the market price.

I think you're right but that does not explain why retail gas pump prices do not fluctuate along with OPEC controls. Or why gas stations are so quick to jack up prices but so slow to lower them down.

One theory would be this. Only competition from other regional retail gas stations will drive prices down for your next tank of gas while OPEC can jack it up with one swift decision.

i understand one thing, because they can

which is fine~

but it just doesnt explain why a week ago gas price was at $1.06 than bang now are around $1.21-1.25 ~ why? there was no increase, so no reason to lower it than jack the shit up

Who knows, maybe regional oil reserves play a role as well but only the distributors will know why the prices went up and they can't be bothered to explain to consumers every time there are fluctuations.

Leave it to the government to pressure oil companies to lower their prices. I'm sure they would love to see the additional taxes raised from high oil prices vanish.

they actually do, they just dont here in bc. and the reasoning behind it is "because they can"

there isnt enough competition. how many small independantly owned gas stations do you see in bc? how many do u see across the country or even in ontario compared to here in bc? no competition, no fluctuations in the prices.

stocks, investments, bonds, mutual funds, seg funds, all fluctuate from not only the market prices, supply n demand, but also the human aspect, consumer confidence, popularity, awareness... thats part of the slight unknown factor that u cant bet on. same with gas, they play with the consumers minds. oil prices go up, gas goes up instantly, oil prices go down, gas prices go down in a week or so.

we all know that gas companies buy their oil 3 weeks in advance. so technically the gas prices should reflect the oil prices 3 weeks prior. there is "should" and there is "reality of exploitation"

oil manufactuers will never admit to cartels...

wont be 77 for long ... the A-Rabs just decided to cut production. freaking A-Rabs!

Aka sell your USD dollars now, and rebuy later :)