Gas prices
Sep 13th 2008, 4:29 am
#16
Whatacomplete Member
Joined: Apr 2006
Location: Cheyenne, Wyoming
Posts: 2,527
Sep 13th 2008, 4:38 am
#18
Lost in BE Cyberspace
Joined: Jul 2004
Location: Victoria, BC Canada
Posts: 61,698
Re: Gas prices
Sep 13th 2008, 4:45 am
#20
Lost in BE Cyberspace
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Sep 13th 2008, 1:47 pm
#21
Account Closed
Joined: Jan 2006
Posts: 0
Re: Gas prices
Went from 1.28/liter to 1.45/liter at my station in Chilliwack.
There was a oil company rep on TV today, saying the pipe line in the gulf is running still, and the increase is from everyone rushing out to get gas due to rumors of a gas shortage, even though there is no shortage.
There was a oil company rep on TV today, saying the pipe line in the gulf is running still, and the increase is from everyone rushing out to get gas due to rumors of a gas shortage, even though there is no shortage.
Sep 13th 2008, 1:51 pm
#22
Lapine Member
Joined: Nov 2004
Location: Austin, Texas in my own little world
Posts: 21,691
Re: Gas prices
It will take a while to get all the Houston-area production back up to full speed. ALWAYS fill up when there is a hurricane in the Gulf of Mexico. If you can wait, wait a bit.
http://www.theoildrum.com/node/4521
http://www.theoildrum.com/node/4521
Sep 14th 2008, 10:05 am
#23
Account Closed
Joined: Jul 2007
Posts: 26,319
Re: Gas prices
So around $2.25 to $2.45 a litre. Makes me feel much better about paying $1.38 a litre here. Though I'm off to Wales on the 22nd so it's nice to have an idea of how much to budget for fuel.
You think 92 cents US a litre is mad? Bring some here pls.
US Gallon = 3.78 litres.
Imp gallon = 4.54 litres. UK and Canada
You think 92 cents US a litre is mad? Bring some here pls.
US Gallon = 3.78 litres.
Imp gallon = 4.54 litres. UK and Canada
Sep 14th 2008, 4:50 pm
#24
Blah Blah Blah Blah Blah
Joined: Jun 2007
Location: Regina Beach, Saskatchewan
Posts: 3,885
Re: Gas prices
So around $2.25 to $2.45 a litre. Makes me feel much better about paying $1.38 a litre here. Though I'm off to Wales on the 22nd so it's nice to have an idea of how much to budget for fuel.
You think 92 cents US a litre is mad? Bring some here pls.
US Gallon = 3.78 litres.
Imp gallon = 4.54 litres. UK and Canada
You think 92 cents US a litre is mad? Bring some here pls.
US Gallon = 3.78 litres.
Imp gallon = 4.54 litres. UK and Canada
say hello for me
Sep 14th 2008, 5:35 pm
#25
BE Forum Addict
Joined: Jan 2007
Location: BC
Posts: 1,375
Re: Gas prices
It's the volatility of the gas prices which gets me. Still can't get used to it a year on, but expect I will have to.
Sep 14th 2008, 5:43 pm
#26
BE Forum Addict
Joined: Apr 2005
Location: Saskatoon, Saskatchewan
Posts: 4,106
Re: Gas prices
Still, with investment banks and hedge funds collapsing all around us, the price of oil should continue dropping back to more sensible levels.
Sep 14th 2008, 5:45 pm
#27
Lapine Member
Joined: Nov 2004
Location: Austin, Texas in my own little world
Posts: 21,691
Re: Gas prices
Money is largely paper or electronic fiction.... whereas oil is a very real and scarce commodity.
Sep 14th 2008, 6:07 pm
#28
BE Forum Addict
Joined: Apr 2005
Location: Saskatoon, Saskatchewan
Posts: 4,106
Re: Gas prices
And speculation backed by that 'fictional' money appears to have been the primary driver of oil prices in the last year; demand has been dropping as supply and prices rose. With the American economy apparently in big trouble (and the knock-on effects on China and elsewhere), there's not much to justify $100+ oil prices.
Sep 14th 2008, 6:46 pm
#29
Lost in BE Cyberspace
Joined: Nov 2007
Location: back in Cambs
Posts: 7,157
Re: Gas prices
And speculation backed by that 'fictional' money appears to have been the primary driver of oil prices in the last year; demand has been dropping as supply and prices rose. With the American economy apparently in big trouble (and the knock-on effects on China and elsewhere), there's not much to justify $100+ oil prices.
Sep 14th 2008, 6:49 pm
#30
BE Forum Addict
Joined: Apr 2005
Location: Saskatoon, Saskatchewan
Posts: 4,106
Re: Gas prices
Yeah, futures prices appear to be down about another $2 today... October to December 2008 all seem to be under $100 now.
I'd guess it will bumble down to $60-70 a barrel over the next few months.
I'd guess it will bumble down to $60-70 a barrel over the next few months.
