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Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

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Old 03-02-2015, 12:00 PM   #201
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They said blatantly it's supply & demand.

15 facilities have temporarily shut down due to "cold weather" and the Exxon mobil plant explosion, they are running lower on supply, and demand hasn't changed.. So the plants that are still running have up'd the prices to cash in.

Fucking Murica.
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Old 03-02-2015, 12:13 PM   #202
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its all bs
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Old 03-02-2015, 02:37 PM   #203
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Was just reading this:

Gas prices soar back above $1.30 a litre in Vancouver

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There are still deals to be had south of the border in Bellingham or Blaine. The median price for a gallon of gas in Bellingham Monday morning was $2.939, equivalent to less than $1 a litre.

On this day a year ago, gas prices in Vancouver stood at $1.366 a litre. In the meantime, oil prices have been slashed in half, from about $102 a barrel to $49 a barrel.
WTF man... Crude was $102/barrel same time last year, and gas was $1.366/L at the pump. Now it is $49/barrel, and it is still $1.319/L at the pump.
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Old 03-02-2015, 03:41 PM   #204
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Highest prices in North America.

.48c/L is tax
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Old 03-02-2015, 04:10 PM   #205
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WTF man... Crude was $102/barrel same time last year, and gas was $1.366/L at the pump. Now it is $49/barrel, and it is still $1.319/L at the pump.
I know traum understands this, so I don't know why he is saying this, but for the people that genuinely don't get it...:

Crude =/= Gasoline.

While the two obviously share a lot in common, their prices are very much independent still.

It's like saying; "Hey, a ground beef has only gone up in price by 50% in the past 10 years, but burgers from mcdonalds have gone up by 150% in that same time period... WTF!?"

Sure ground beef is a big part of that burger, but it's not the only ingredient, nor does the price of the ground beef have anything to do with the labour to make the burger, and other highly important costs to that item.


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Highest prices in North America.

.48c/L is tax

17 cents of which goes directly to translink, and yet they still want more... fuck
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Old 03-02-2015, 04:13 PM   #206
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I know traum understands this, so I don't know why he is saying this, but for the people that genuinely don't get it...:

Crude =/= Gasoline.
I am just pissed, that's all. Hahahah~
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Old 03-03-2015, 07:13 AM   #207
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I am just pissed, that's all. Hahahah~
gas has bounced more than crude but..here you go

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Old 03-03-2015, 07:51 AM   #208
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17 cents of which goes directly to translink, and yet they still want more... fuck

they still want more


they still want more
DAMNIT GOBOMENT
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Old 03-03-2015, 09:35 AM   #209
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The first thought I had today as I passed a gas station at $1.31/L, was why the titty pissing hell the price has shot up so high?!
I was going to start a thread on it, but give revscene credit for having one already. You guyz are da best!
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Old 03-03-2015, 10:03 AM   #210
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The economy is going to take a hit but right now...

before i was like now im like

and now car parts are expensive with the shitty dollar

Vancouver has highest gas prices in North America


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Vancouver has highest gas prices in North America

Vancouverites are waking up to the highest gas prices in North America.

After plunging to 98.9 cents per litre on Jan. 17, the lowest price in years, Vancouver’s average gas price has rebounded in just weeks to $1.319 per litre.

“As of today, you have the highest gas prices in North America,” said Dan McTeague, senior petroleum analyst with GasBuddy.com, which tracks prices continent-wide on its Daily Fuel Price Index.

“It’s partly because of the high taxes. At $1.319 a litre, you’re paying 48.5 cents a litre in taxes.”
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Old 03-03-2015, 10:32 AM   #211
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The first thought I had today as I passed a gas station at $1.31/L, was why the titty pissing hell the price has shot up so high?!
I was going to start a thread on it, but give revscene credit for having one already. You guyz are da best!
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Old 08-12-2015, 02:11 PM   #212
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Oilsands companies feel the pain as Canadian oil price falls - Business - CBC News

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A drop in Canadian oil prices this week means companies in Alberta's oilsands are breaking even or losing money on their operations.
Alberta is taking it on the chin. All those oil field jobs...
But, but, but cheap gas for us at the pumps right?
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Old 08-12-2015, 02:26 PM   #213
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Yay lower gas prices!!

If we didn't give oil, timber, water, and whatever else the US wants for next to nothing, we wouldn't be in this mess. The day China stops wanting our coal, our resource industry is fucked.

LNG will be the only thing left if we make an industry out of that.
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Old 08-12-2015, 05:21 PM   #214
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Yay lower gas prices!!

If we didn't give oil, timber, water, and whatever else the US wants for next to nothing, we wouldn't be in this mess. The day China stops wanting our coal, our resource industry is fucked.

LNG will be the only thing left if we make an industry out of that.
We only export 5.5B/year worth of coal, not overly significant considering our total exports are around 500B/year.

(As an FYI, 73% of coal exports go to Asia, statscan does not specifically state how much is exported to China but we can assume it's certainly the majority)

Canada's top ten exports below, accounting for approximately 66% of all exports.

Oil and Gas: $128,926,515,000 (27.2% of total exports)
Vehicles: $59,753,479,000 (12.6%)
Machines, engines, pumps: $32,600,025,000 (6.9%)
Gems, precious metals, coins: $21,518,760,000 (4.5%)
Electronic equipment: $13,639,592,000 (2.9%)
Plastics: $13,192,128,000 (2.8%)
Wood: $12,686,263,000 (2.7%)
Aircraft, spacecraft: $12,409,459,000 (2.6%)
Aluminum: $8,865,363,000 (1.9%)
Cereals: $8,774,059,000 (1.8%)

Honorable mention for Oil and Gas:

Annual Exports (2013)
$128 billion
29% of Canadian domestic merchandise exports
92% ($118 billion) of total Canadian energy exports are to the U.S.
Oil and gas domestic exports totalled $117 billion, of which 98% were to the U.S. (Why we need gateway lol)

http://www.nrcan.gc.ca/sites/www.nrc...ketFacts_e.pdf
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Old 08-13-2015, 12:18 AM   #215
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That's a lot of Rice Krispies
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Old 08-13-2015, 08:49 AM   #216
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Yay lower gas prices!!
Have you seen it lower or is that just a guess? Since it just shot up in Kelowna.
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Old 08-13-2015, 05:37 PM   #217
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sucks that the dollar keeps going down. but on the bright side cheap gas!
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Old 08-13-2015, 05:39 PM   #218
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whats this cheap gas you people speak of?
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Old 08-13-2015, 05:46 PM   #219
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gonna be good September onwards when the US raises interest rates and people's EI start expiring
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Old 08-13-2015, 05:50 PM   #220
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Cheap gas? Shit is $1.37 here in Kamloops.

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Old 08-13-2015, 05:57 PM   #221
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whats this cheap gas you people speak of?
I'd like to know as well too. Remember when gas dropped to almost a dollar not too recently? Doubt that will happen again....
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Old 08-13-2015, 08:10 PM   #222
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Probably because we don't refine too much of our oil, and our Canadian dollar is low
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Old 08-13-2015, 09:00 PM   #223
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Yay lower gas prices!!
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But, but, but cheap gas for us at the pumps right?
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sucks that the dollar keeps going down. but on the bright side cheap gas!
havent we learned by now that lower oil prices does not mean cheap gas since our dollar is so strongly tied to oil that when oil goes down, our dollar goes down, and the gas that is bought wholesale from the USA becomes more expensive?

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Old 08-13-2015, 09:09 PM   #224
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Not quite, the majority of gasoline in the GVA comes from Burnaby Chevron refinery... nothing to do with USD.

It's a supply and demand thing, refineries make gasoline constantly and store surplus when they have surplus - price goes down. In the summer travel jumps considerably and as supplies dwindle the price goes up.

It's seriously that simple.
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Old 08-13-2015, 10:28 PM   #225
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got gas at Costco today for
$122.9
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