Gas Prices
 

Gone up again. But why?

My theory is that Gas tankers use gas or diesel , and gas went up in price so it cost more gas to deliver gas. Therefore the gas companies have to charge more for gas.

But this means that it cost more to deliver the gas, so, the gas companies are then forced to put gas Prices up.

But this means that it cost more to deliver tha gas, and so on.

Re: Gas Prices
 

Err isnt a long weekend coming up (Easter) maybe thats why gas prices are increasing.
I give up and just pay whatever the price is as nobody can truly explain why.

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Could be worse....and goes without saying far better than Blighty....which is running about $2.15 a liter there these days...Screw that.

$1.32 for Regular in Freddy (at Costco)....Best gas up! I think the UK/Can gap is narrowing though...At one time UK petrol was 2.5 times more expensive....than here...can't remember when that was though.

http://www.theaa.com/motoring_advice/fuel/index.html

http://www.newbrunswickgasprices.com...184/index.aspx

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Apparently gas is $1.26 in Niagara. I'm off for a jaunt!

http://www.cp24.com/servlet/an/local.../?hub=CP24Home

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Though it's debatable whether it works out better because the insurance is much higher here and driving journeys are often longer distances because cities and towns are more spread out.

But yeah, pretty sure it's because of Easter, the same thing happens every year at this time. In Metro Vancouver they've also brought in an additional 2¢ gas tax to pay for a new skytrain line.

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Spread-out, yes for some...

Spending hours on end in mind numbing jams in either country is a factor, although my only real experience with that is the UK side...but know GTO/Lower mainland can be brutal...still sat in traffic at Canadian rates is surely preferred if that's your thing.

At the end of the day....it's about choices.

Expensive insurance not for everyone...I think ours is pretty good...but we have been here a bit...I was doing 3 motor vehicles for a grand..(Wawanesa).

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I would hazard a guess that the average commute to work is similar England-Canada.

How many people take make long road trips regularly?

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its still $1.11 in some parts here.

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[QUOTE=airbornesapper;9988999]Could be worse....and goes without saying far better than Blighty....which is running about $2.15 a liter there these days...Screw that.

[url]

$2.35 here in Sweden. Srew that!

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There was an "expert" on the Bang & O'Bleary programme a few days ago who pointed out that fully 69% of the futures market for oil and oil products is carried out between traders who don't actually buy any oil or oil products (they are simply gamblers / speculators on the market). To be compared with about 20% pre-property and banking collapse.

Only the remaining 31% of futures are bought by companies who are legitimate purchasers.

Add to that price collusion among the legitimate product vendors and there's your explanation.

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[QUOTE=YYZlover;9989431]then again European cars are generally much more fuel efficient than North American ones..so probably evens itself out in the end.

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[QUOTE=cheeky_monkey;9989557]I would much rather drive a ford transit or vauxhall movano diesel giving me 30mpg and a third the insurance in the UK than my f150 that does 10 -12 mpg with a trailer and crazy insurance prices it works out a lot less even though the fuel cost more

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This is the main reason and also you have the US election this year the price is being artificially jacked to make Obama look bad because the wealthy in the US overwhelmingly support the Republican party. Not many democrats amongst wall street *ankers. If you have sirius XM listen to Thom Hartman weekday afternoons ch127 (Sirus Left) - I think his show is also available online. Very informative and talks about this issue quite a lot.

What you pay at the pump has got bugger all to do with the supply and price of oil and everything to do with reasons (excuses) for the price to inflate or reasons that investors might think they are about to get stung.

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Yes, but if I'd posted that you can just imagine the reaction from certain posters.

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:rofl: :thumbsup:

Chuff em truth hurts

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Anybody make sense of this taken from a CBC article

Prices reached 140.1 cents a litre in Toronto and 147.9 in Montreal. That's about eight per cent higher than a year ago, even though crude oil prices are lower.

Crude for May delivery fell $2.71 to $101.30 US a barrel midday Wednesday on the New York Mercantile Exchange. A year ago, crude was trading at $104a barrel.

David Detomasi, an assistant professor of international business at Queen's University in Kingston, Ont., called the latest increases "pretty shocking." For the most part, he said, there's no reasonable explanation

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And today, the lesson in microeconomics is:

It is all about the elacticity of supply and demand.

Oil is inelastic, discuss...:)

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There again this report is blaming us drivers for higher prices
http://www.winnipegsun.com/2012/04/0...es-say-experts

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I pointed out earlier that at the present, supply and demand is being sidelined by speculation in the futures market.

Also, oil is not inelastic in the long term.

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In the long term there won't be any left.

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A related issue. Hence the long term elasticity.

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even if there was I cant afford it

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Shouldn't we take into consideration no annual MOT cost here when we compare UK/CAD prices of running a motor vehicle?

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No. Trivial money.

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No the repair costs are crazy here,and oil change intervals are stupidly short here,
the actual mot test is not that great

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A bit of a simplistic answer, I would have expected you to have expanded with some detail..though you are correct. Supply is controlled in the main by OPEC producing countries and it can only become elastic if output is increased without increasing significant additional costs. Short term it is elastic, though there are some factors that effect this, Capacity to transport crude or the ability to refine the producs you need. There are no real substitutes for gas(petrol) not in the short term anyway

The demand for oil and in particular gas(petrol) is inelastic, most necessities are inelastic, when people need gas(petrol) to go to work, they will fill their tank irrespective of whether the price has gone up or not, they fill it and moan..you only sell more gas if there is spanner thrown inthe works, example, our Govt of late saying fill your gerry cans and keep your tanks filled up, once they are full, the queues go down and demand drops, in the mean time, Dodgy rogers petrol station hikes the price up 2p! People will only use what they need.

So, is the price going up a result of outside circumstances, perhaps, it is also dodgy Roger making a few quid. Same time next week?

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It's not dodgy Rogers, he is busy ripping off TV and phone customers.

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:rofl:

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My 19 y/o volvo does roughly 8 litres per 100km. The Hyundai Elantra rental I had in Canada did the same.

Then why do you have an F150?

Insurance can run up to $500 a month as well, depending on what car you have, even if you have a no claims record. A new top of the range Audi A4 or A6 (for example) would be in that range. Even Japanese cars or US cars. Drive more than 15000 km a year and insurance goes up considerably. My old volvo is $700 a year and I have a no claims record. My road tax is $250 a year. A diesel car would be taxed at around $1000-$1500 a year.

Basically, my fuel bill would be cut in half, moving to Canada, while my insurance would probably double or more. I still think I'd save money in the long run.

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Ask for fully synthetic oil if not they will give you mineral hence oil change needed after 6000km instead of 18000km.

I found Labour rates here about the same if not a bit less than UK

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I refer you to post #10.

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Even the beloved Ryanair are implementing ideas to save fuel :ohmy:

http://www.thesun.co.uk/sol/homepage...save-fuel.html

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They are running their jets on Diesel?????? :ohmy: :blink: :confused: :beer:

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it needs to come down soon, otherwise its seriously going to jeopardise my driving south plans next year :cry_smile:

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You most certainly can run a piston engine (diesel) on Jet A1. The only problem here is you will significantly shorten the life of the fuel pump/injector units as Jet A1 has a about 50% of the luricity of diesel. Fuel consumption will be slightly higher due to a slightly less calorific value.

Winter diesel as used in cold climates such as Canada is typically upto 25% Jet A1. You can always add a seperate lube additive (2380 is a good one). In fact the US military use a single fuel policy which is JP8, essentially Jet A1 with 3 additives. They use this in aircraft and all "diesel" ground equipment.

Not going to say this is my work, it is copied from another website.

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Price drop alert tomorrow. 2c down. Before Easter, they must have got embarrassed about the raise.

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Friends of mine that run a helicopter operation here use jet fuel and additive in their fleet of diesel work trucks.

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i have personally used kero in a diesel truck, lots of white smoke initially, but ran ok. I was told at the time that kero is very similar to Avgas? I don't know. i know the military try to have as few fuels as possible so that anything will work with whatever fuel you can get. the czechs used diesel for their russian helos, very smokey.

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Hmmmm...... Contemplating adding wings to my truck.....:p

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I drive an f150 as i need it for work and they dont sell the van i need here except the mercedes sprinter which i can not afford the 50 thouand price tag,,,,,,and you cant be in the UK with the insurance prices and road tax prices you are quoting ,,there is not a car on the road in the UK thats $1500 a year!!!!!!