[StylinRed]

-_-

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

[silva95teg]

what was the gas price when it first hit 77?

[candy_jai]

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

[quasi]

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.

[StylinRed]

what was the gas price when it first hit 77?

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

:/

[MDMA]

i got it for 109 2day in rihcmond

:D:D

[hotjoint]

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

[hud 91gt]

132.9 in MB

[Nvasion]

got mine last night at 114.2 at chevron

[NavybeanMINI]

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

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.

[MG1]

$1.05.9 for regular
$1.11.9 for premium

at Costco in Abbotsford on Friday.

[3xta]

112 at chevron by bcit

[JKam]

.997 right after the border!

[xxthanhxx]

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

[Mananetwork]

Gasoline finally drops below a buck

http://www.torontosun.com/news/torontoandgta/2008/10/17/7113916-sun.html

[wouwou]

Gasoline finally drops below a buck

http://www.torontosun.com/news/torontoandgta/2008/10/17/7113916-sun.html

That's just FUCKING INSULTING

it's 121.5 here

[Mugen EvOlutioN]

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




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

[hotjoint]

Gasoline finally drops below a buck

http://www.torontosun.com/news/torontoandgta/2008/10/17/7113916-sun.html

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.

[!SG]

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.

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.

[NavybeanMINI]

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.

[Mugen EvOlutioN]

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

[NavybeanMINI]

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.

[!SG]

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...



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.

[tiger_handheld]

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

[RFlush]

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 :)

[StylinRed]

canada should leave OPEC -_- or do like the mid-east does and supply their own people with cheap fuel -_-

[!SG]

should and would are 2 completely different matters.

its like flat tax and progressive tax, progressive obviously benefits the gov't more.

with prices being where they are, canada makes more money selling its own oil to the world. they then buy it back. gov't makes the money, consumers take the hit.

so its always about who is benefiting. its easy to see that most decisions are in gov't favor.

canada should leave OPEC -_- or do like the mid-east does and supply their own people with cheap fuel -_-

[asian_XL]

wow....$42.6 today!

[Meowjin]

thank you for scaring me.

[fetched]

omfg. it scared the shit outa me.

[Manic!]

canada should leave OPEC -_- or do like the mid-east does and supply their own people with cheap fuel -_-

You have to be apart of something before you can leave it. Canada is not a aprt of Opec.

http://en.wikipedia.org/wiki/OPEC

Question for everyone if someone offered you $5000 for your car and someone offered $7000 for you car who would you sell it too.

[ShanghaiKid]

fucking wow, i just about shit a brick

[trdees]

DONT FUCKEN BUMP UP OLD THREADS this fucken gave me a heart attack cuz i need to pump tmr

[Synaptik]

DONT FUCKEN BUMP UP OLD THREADS this fucken gave me a heart attack cuz i need to pump tmr

+1 to this.

seriously folks, i just about started to tear up.

[Cman333]

Fucking asshole!

I started reading about everyone paying 114.x and was like FAWWWWK. Then I looked at the date.

FUCKER!

[KoreanHistoryCH]

Fucking asshole!

I started reading about everyone paying 114.x and was like FAWWWWK. Then I looked at the date.

FUCKER!

freaked me out too

[Ulic Qel-Droma]

yeah shit dude, give me a break i almost had a heart attack. i shorted crude yesterday and now it's at 70 bucks? i'd lose the shirt off my back. haha

[wouwou]

yeah shit dude, give me a break i almost had a heart attack. i shorted crude yesterday and now it's at 70 bucks? i'd lose the shirt off my back. haha

lol, I was about to say that

but instead of the shirt, I will lose my dick if crude hits 70 :haha:

[hotjoint]

wow....$42.6 today!

$43.0 today and gas is 89.1 in surrey, its starting all over again. The ga prices have been steadily rising the past week and oil prices are exactly the same. Great......

[Black SC2]

Steadily rising? It's jumping 6c at a time here on the island.

[Ulic Qel-Droma]

40.54 was the low today, lets hope it continues down till close on friday ;)

[.Renn.Sport]

but gas price went up from like 73-75 cents back to 90 cents now

[wouwou]

40.54 was the low today, lets hope it continues down till close on friday ;)

the volumn says otherwise, and unless there something major happens tonight, it should stablize at 40ish.

take your profit you greedy mofo, and pour them into gold once Obama takes the seat :D

[Ulic Qel-Droma]

don't make me second guess my strategy you ass. haha, we'll see... I'll see how its going tonight, i was hoping it would come down and retest 35 dollars. *prays to the market gods*

[wouwou]

just remember to reset your stops on a constant basis, or have your broker's number ready if the platform crashes

I got burnt last year when I didnt. SKF runs like a mother fucker

[Raid3n]

gas prices seem to be the lowest between 8-11pm and more so on wednesdays...

[hotjoint]

gas prices seem to be the lowest between 8-11pm and more so on wednesdays...

Really ? I find that its sundays anytime after 6pm.

[q0192837465]

whyy is gas going up again? Weather?

[hotjoint]

whyy is gas going up again? Weather?

just cuz they feel like it

[monkeywrench]

holy crap who bumped this thread, shet bricks until i saw the post date

[Raid3n]

Really ? I find that its sundays anytime after 6pm.

price is usually highest (as far as i have seen) fridays for the weekend, and sundays for the beginning of the work week.

price drops mid week cause most ppl buy on sun or mon, so they need to pull in more ppl to bolster sales 'till friday...


lol mind you this is all pure speculation by me.

your opinions and observations may (and most likely will) differ from my own.

[MERXUS]

up again to 86.3 wtf

fu@#$ers are making so much $ on us...

[Avery]

i drove to school gas was 73.9 , thinkin ill fill up on the way home.. it was 88.9 WTF 15$ more to fill up my truck.

[MegaMx]

wow....$42.6 today!

2008 called, they want their thread back

[orange7]

gas has gone from .79 to .89 in the past week.. why is that?

[Carl Johnson]

man wtf with the current oil price gas should be below 69 cents. fucking greedy oil bastards hope they all die in hell

[wouwou]

^There is a fixed cost built in, for us to see 69 oil needs to be somewhere @ 35

[68style]

^
It's all stupid taxes... remember the Americans crying at $4 a gallon? We're paying the equivalent of that at about 86c/L... when it was $1.30's+ we were paying damn near the equivalent of $7 a gallon... can you imagine the crying that would go on down south it they had that kind of price?

TAXES FTL

[racerman88]

gas is 66.9 US per litre for Supreme in Pt Roberts. Filled up when I went to p/up my jacket from the letter carrier

[hotjoint]

90.0 today in surrey :mad:

[shenmecar]

prices going back up...nooo!!!

[antonito]

I'm too lazy to watch, but 60 minutes had a lead in to their show tonight about how speculators may, just may have something to do with the price of oil.

No fucking shit.

Also, boooooooo raising gas prices.

[danned]

should be 85 at night...

[Mugen EvOlutioN]

I'm too lazy to watch, but 60 minutes had a lead in to their show tonight about how speculators may, just may have something to do with the price of oil.

No fucking shit.

Also, boooooooo raising gas prices.

ya its starting to worry me

seems like the trend is starting to go UP

sigh...

[Ulic Qel-Droma]

don't make me second guess my strategy you ass. haha, we'll see... I'll see how its going tonight, i was hoping it would come down and retest 35 dollars. *prays to the market gods*

the volumn says otherwise, and unless there something major happens tonight, it should stablize at 40ish.


:D its heading to 35... or so i hope!

[nipples]

holy crap who bumped this thread, shet bricks until i saw the post date

yeah i nearly had a heart attack thinking that the price of crude nearly doubled from friday!!! damn you all for getting my hopes up

[hotjoint]

wont be long before its back up to $1.00 again....

[skyxx]

I paid 101.9 yesterday for 92 octane....Blah.......

[wouwou]

:D its heading to 35... or so i hope!

Good call!

I would have sold on Friday when it stayed around 40

[turbomelon]

Probably due to speculators driving the price up due to the conflict in Gaza among other things. Total bullshit.

[ww]

Premium gas is/was 10 cents at the Esso on North Rd by Lougheed LOL... not sure if it still is, I had a couple friends who went around 6:30 and 7.

http://photos-e.ak.fbcdn.net/photos-ak-snc1/v1947/108/89/116204714/n116204714_33601636_9941.jpg

[danned]

holy shit
the barrel is 38.xx
why we have to pay like 85-90 these days?

[GordonTse]

paid 99.9(board shows 87.9) for 92 at chevron on saturday night. the next morning the board was up to 90.0(meaning 92 would be 102.0).. got damn corrupt!

[hotjoint]

gas prices are always a hot topic

[wouwou]

Premium gas is/was 10 cents at the Esso on North Rd by Lougheed LOL... not sure if it still is, I had a couple friends who went around 6:30 and 7.

http://photos-e.ak.fbcdn.net/photos-ak-snc1/v1947/108/89/116204714/n116204714_33601636_9941.jpg

some gas boy is gonna get his ass fired :haha:

[danned]

so expensive man.
when could we get like 69.99

[hotjoint]

shit 92.5 right now

[Mugen EvOlutioN]

Premium gas is/was 10 cents at the Esso on North Rd by Lougheed LOL... not sure if it still is, I had a couple friends who went around 6:30 and 7.

http://photos-e.ak.fbcdn.net/photos-ak-snc1/v1947/108/89/116204714/n116204714_33601636_9941.jpg

holllyyyy fuckkk

i wish i saw this earlier

blahhhhh

[dat_steve]

f-f-f-focking gougers!

[danned]

yes, those rapers......