[Acura604]

Drop in gas prices expected to continue - News1130 (http://www.news1130.com/news/local/article/416422--drop-in-gas-prices-expected-to-continue)



VANCOUVER (NEWS1130) - It's going to get even cheaper to drive your car this winter -- cheaper than it's been in the last two years.

You may have already noticed that prices at the pump have been dropping and experts are predicting they'll continue to drop over the next couple of months.

Jason Toews with GasBuddy.com says Vancouver should see gas prices on average around $1.15 by the end of the year.

"We'll see some stations even under $1.10 per litre in the Vancouver area," says Toews, talking about the Lower Mainland, Richmond, and Coquitlam.

He says the prices are tied to crude oil and right now supplies are plentiful, so crude oil is down which in turn drops how much you pay at the pump.

Toews adds however you shouldn't get too comfortable with the low prices.

"We are going to see gas prices go up again next summer, and unfortunately, I think we're going to reach record levels next summer, probably around $1.50 per litre."



Woot?!

:nyan::woot2::fullofwin::nyan:

[XplicitLuder]

meh..if its true what they say, im more concerned about next summer. i look more into the future then just the present. = /

[broken_arrow]

:fullofwin::fullofwin::fullofwin::toot::awwyeah::a wwyeah::megusta:

[dared3vil0]

Gas prices should be regulated.

[Energy]

They do it in some other provinces like New Brunswick and Quebec.

[dared3vil0]

To add to my point, I'm not saying regulate it to a ridiculous low, as in 50 cents/ liter, i'm just saying it should have a maximum it can fluctuate in either direction, say $1.00-$1.30

[snails]

sad part is they can raise it to almost anything they want, people will still have to drive, leisure driving will obviously drop, but we are too dependent on it.

So ill take this as a good thing, it dropping even temporarily saves me money!

:badpokerface:

[MindBomber]

Every Winter is forecast to be the worst in a century.

Every Summer it's predicted gas prices will hit record highs.

Our Winters haven't been especially harsh in recent years.

Gas prices this summer failed to break the record highs set five(?) years ago.

Worrying based on clearly sensationalist journalism is wasted energy, especially given that you cannot control the weather or price of a free market commodity.

[Traum]

I will believe it when I see it. :accepted:

[Glove]

the more gas drops here, the more it drops in bellingham

:troll:

[tiger_handheld]

amount of time for sign board to reflect economic increase - 24hrs
amount of time for sign board to reflect economic decrease - 90+ days

[bloodmack]

114.9 in abbotsford :fullofwin:

[Kanadain]

"Why lower prices when we can just increase profits guise?!"

[TRDood]

They do it in some other provinces like New Brunswick and Quebec.

Yup. Also NL and PEI. I think they do it weekly and set a lower/upper band.
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[twitchyzero]

i thought the low prices are due to the US presidential election

[88SupraT]

Must buy and hoard tons of gas in jeerycans with the low prices for the end of 2012 :woot2: ..... Before they skyrocket again at the beginning of 2013 :okay:

[Iceman-19]

World ends in December dummies, cheap gas before we all die yay!
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[FerrariEnzo]

i dont believe these so called "experts".. is it like the time they predicted gas will go you to $1.75?

[tiger_handheld]

Gas will increase in the next little bit from the effects of hurricane Sandy. Apparently it's gonna hit the US mainland today / already has hit.

[Spoon]

So this guy is credible because:
1) he runs a website that tracks gas prices
2) he saw the price of crude oil dropping
:ahwow:

[optiblue]

it'd be nice to see cheaper gas this year :) who knows by next year I may pick up an electric car for DD if gas prices soar!
Posted via RS Mobile

[Manic!]

Here is something stupid.

Last week gas price in Nanaimo 132.9
Price in Duncan 118.9
Gas from Nanaimo and Duncan comes from the same depot in Nanaimo.

The wholesale gas price for gas stations in Nanaimo was higher than the retail price in Duncan.

I don't think oil prices have a big affect on gas prices.

[Benz_05TSX]

Gas price always goes cheaper in the winter people less people go out and go on long road trips aside from snowboarding or skiing. Summer gas prices always go up because people like to go out more, cruise more, and make long trips. So am I an expert now??

[hirevtuner]

they predicted this past summer that gas prices to top $1.50/l level, never happened as it was hovering around $1.30/l

these past couple months was hovering around $1.40/l level but it is dropping now, and now they are saying next summer to be around $1.50/l level, i'll believe it when I see it and that applies to the weather too

[Excelsis]

inb4 it reaches $2/L


:troll:

[EGcorez]

its always a beautiful thing to live just close by the border.. nothing beats it

[- kT]

https://lh4.googleusercontent.com/-pmT8VtWXK2s/T8U3F-M7I9I/AAAAAAAAKds/TzlFIG7qKts/Good+news+everyone.JPG

[4444]

Gas prices should be regulated.

regulation is NOT the answer, simple economics show that government intervention creates inefficiency

oil is a finite resource, as it gets more expensive to drill and refine, it should get more expensive to buy - as this happens, there will be increased research into alternatives

what canadians should be upset with is the level of taxation on fuel - that is the main reason we pay so much more than in the US - regulation would result in less taxes received (it can't affect the cost of production) - so we will be taxed in other ways, and heaven knows we can't get taxed on our income or consumption much more without dire consequences to the economy

[vafanculo]

I'm not surprised gas prices drop in the winter. Less people drive due to snow (maybe not so much here due to the lack of snow). I guess that might entice people to drive.

Then, when summer comes around and people want to drive, gas goes right up.

Fml
Posted via RS Mobile

[dutd33]

Here is something stupid.

Last week gas price in Nanaimo 132.9
Price in Duncan 118.9
Gas from Nanaimo and Duncan comes from the same depot in Nanaimo.

The wholesale gas price for gas stations in Nanaimo was higher than the retail price in Duncan.

I don't think oil prices have a big affect on gas prices.

I totally agree. I don't remember the exact years, but I remember there were times when crude oil prices dropped but the price at the pump stayed the same.

[kwy]

Yup already under 1.15 in Abby..at least that`s one thing we have going for us

[RacePace]

World ends in December dummies, cheap gas before we all die yay!
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http://gifsoup.com/webroot/animatedgifs3/1552948_o.gif

[hotjoint]

Just imagine cost if we didn't have the carbon tax and translink shit.....

[4444]

Just imagine cost if we didn't have the carbon tax and translink shit.....

Finally, someone who gets it!

We can't change the companies that have us by the balls, but we can change our shite governments and their redundant policies

[dvst8]

Just imagine cost if we didn't have the carbon tax and translink shit.....

We would have walking and bike lane taxes. :ilied:

[UFO]

Just imagine cost if we didn't have the carbon tax and translink shit.....

Then our gas prices would be similar to Alberta say, which is still signicantly more than in the US.

And the money that comes from carbon tax and Translink taxes will then come out of your paycheque as increased income tax, which is much less visible for most.

[Graeme S]

regulation is NOT the answer, simple economics show that government intervention creates inefficiency

oil is a finite resource, as it gets more expensive to drill and refine, it should get more expensive to buy - as this happens, there will be increased research into alternatives

what canadians should be upset with is the level of taxation on fuel - that is the main reason we pay so much more than in the US - regulation would result in less taxes received (it can't affect the cost of production) - so we will be taxed in other ways, and heaven knows we can't get taxed on our income or consumption much more without dire consequences to the economy
Regulating pricing isn't the answer. Regulating pricing strategies, however, might be. Why not make it so that gas stations have to put a markup based on their wholesale price? Why should it be that a station is changing their sign three times a day when the price they paid for the gas hasn't changed at all, given that they'll get deliveries once or twice a week?

[MindBomber]

Jason Toews with GasBuddy.com


Now that I've taken time to read the article, I noticed News1130 consulted Jason Toews the CEO of GasBuddy. Not only is Toews not an economist, but he has an invested interest in inciting concern over rising gas prices.

The article would have more validity if I were the information source, it's that bad.

[smarv]

inb4 it reaches $2/L


:troll:

If that happens I'm trading in my lancer for an imiev :okay:

[Manic!]

guy claims 112.9. :fuckthatshit:

Oh wait. Duncan Gas Prices - Find Cheap Gas Prices in Duncan, British Columbia (http://www.bcgasprices.com/Duncan/index.aspx)

Could be.

[ekcivy]

awesome to see gas prices dropping, but when your car sips gas it doesn't make a huge difference anyways,over the long run it might if prices stay consistent and they usually don't. and i assume once prices start rising people will drive conservatively right? lol

[4444]

Regulating pricing isn't the answer. Regulating pricing strategies, however, might be. Why not make it so that gas stations have to put a markup based on their wholesale price? Why should it be that a station is changing their sign three times a day when the price they paid for the gas hasn't changed at all, given that they'll get deliveries once or twice a week?

A fair point, my only gripe with this is that the government should have no role in pricing, but equally, there should not be price setting by the oil companies / production cuts to raise price - oligopolies, duopolies, and monopolies are dangerous in most situations

[Nightwalker]

guy claims 112.9. :fuckthatshit:

Oh wait. Duncan Gas Prices - Find Cheap Gas Prices in Duncan, British Columbia (http://www.bcgasprices.com/Duncan/index.aspx)

Could be.

I filled up for 110.9 in Duncan. Damn it feels a lot nicer at that price. Lower!

[Lomac]

I filled up for 110.9 in Duncan. Damn it feels a lot nicer at that price. Lower!

Filled up for 110 in Kamloops three weeks ago. Was a rather pleasant surprise considering the gas prices for the remainder of my trip into the Interior was >132.

[Iceman-19]

Ive been getting gas in Abby/Silverdale at 111.9 for the last 2-4 weeks on and off. 87 cents a litre in washington!

[hotjoint]

Felt good to fill up at 119.5 the other day. I don't think we'll drop to 1.15

[H.Specter]

Point roberts had gas below $1 a few days ago.

feelsgoodman.

[invader]

Point roberts had gas below $1 a few days ago.

feelsgoodman.

Don't get it, your username is Harvey Spectre but you have a picture of Luis?

[Leopold Stotch]

i guess i'll wait til the end of the year to fill up, thanks for the tip guys!