$1.40/L for gas come Summer

[MVP1]

http://www.cbc.ca/consumer/story/2008/03/06/gas-prices.html


Spike in crude could lead to $1.40/l gas in summer

Gasoline prices in Canada could rise to about $1.40 a litre within a few months if oil prices stay at current record levels and demand picks up for the summer driving season, oil industry observers say.

Average Canadian gasoline prices were more or less steady at 111.60 cents per litre on Wednesday, according to GasBuddy.com, a website that tracks retail gasoline prices in Canada and the United States.

But the cost of a barrel of oil surged to more than $104 US on energy markets on Wednesday after OPEC said it would keep global production steady for the time being, despite U.S. calls to step it up. On Thursday, it hit a record $105.97 US a barrel.

Investors who had also expected U.S. oil inventories to rise were also jolted by news that there was, in fact, a decline in U.S. stockpiles of crude.

Vincent Lauerman, a global energy analyst with the Calgary-based Geopolitics Central, said there is normally a lull in gasoline prices between the winter heating season and the summer driving season.

Like many analysts, he said pump prices could go as high as $1.40 a litre come summer should crude stay in the $100 US a barrel range.

Such a price would likely be a record for unleaded gas in Canada and surpass the $1.30 a litre level hit after the North American refinery shutdowns caused by Hurricane Katrina more than two years ago.

Demand picks up in summer

"Refiners are starting to think about the summer driving season and it's only a matter of time before demand picks up for transportation fuels, particularly gasoline and diesel fuel," Lauerman said.

"And with that we should expect significantly higher prices than we're currently seeing."

High fuel costs are already causing headaches across many North American industries, said Patricia Mohr, a commodity specialist at Scotia Capital.

"It is a real source of concern from manufacturing industries and even some resource industries, given that there are often surcharges on rail freight to basically pass along very high petroleum product prices. It really raises the cost of transportation," she said.

Airlines, whose No. 1 operating cost is fuel, have also been taking a hit, she added.

Roger McKnight, an analyst with the energy consulting firm EnPro International Inc. in Oshawa, Ont., said the effect has been "absolutely unbelievable" on the commercial transportation sector.

"Things are going to go from bad to worse considering that crude was about 40 per cent lower a year ago today," he said.

"In the eastern part of the country, there are people that have ordered new trucks and have simply left them in the lot. They're not picking them up."

Rising prices will hurt manufacturing

The rising cost of crude will further widen the gulf between Canada's oil-producing provinces and manufacturing heartland, said Derek Burleton, a senior economist with the TD Bank Financial Group.

"It's good news for the oilpatch and for those provinces that are net exporters of oil. It certainly poses a challenge for the rest of the country, which imports the product," he said.

"In provinces like Alberta, you get the offset. It will support corporate profits in the oilpatch. Overall, the region will continue to benefit."

But with high energy prices exacting a huge toll on the U.S. economy, Canadian oil producers might have trouble selling their energy south of the border down the line, he added.

Central Canada's squeezed manufacturing sector will be in for more suffering as the costs of producing and shipping everything from steel and auto parts to newsprint and machinery rises.

And the spike in oil prices could not come at a worse time for manufacturers in Ontario and Quebec, who have not only seen their costs rise but American demand fall.

"Earlier on in the decade when oil prices started to climb, you had an offset from robust U.S. demand but the U.S. economy is now in a funk," Burleton said.

Oil prices could retreat a bit in coming months, but the big "wildcard" is what direction the U.S. dollar goes, he added.

"Certainly the trend is in favour of high oil prices at the moment, but I can't understate the impact that the weakened U.S. dollar is having," he said.

"If the U.S. dollar continues to lose ground, then we could easily see oil prices rising quite a bit further."

I guess my dad better start looking at smaller SUVs. This sucks.

[pfbmgd]

$1.40 a litre and watch the economy dive .All spare cash will go to pay for gas .

[blue mountain raider]

haha just ride a motorcycle. 50mpg and 0-100km/h in 2-3 secs.

[rosebud]

summer = Kona Dew FTW

[camber]

heh.. I'm looking foward to higher gas prices. I would like less people to drive cars. More room for me!!!:lol:

[Ebola]

What do people expect?

There isn't more oil being created.

Last hours of stored sunlight? I think so.

[selpats]

heh.. I'm looking foward to higher gas prices. I would like less people to drive cars. More room for me!!!:lol:

LOL - Now that's keeping it positive, I like it! :lol:

[untaka]

Insane. Over a 1.5 year turn I went from $20 to fill my civic to $50 ...

[15-20_God]

that means another summer of online petitions protesting high gas prices, accusations of price collusion, and email forwards encouraging ppl to boycott certain gas stations.......yet there will be no change in ppl's driving habits.

[dragon_drift]

that sucks, but ttc ftw!

[untaka]

that means another summer of online petitions protesting high gas prices, accusations of price collusion, and email forwards encouraging ppl to boycott certain gas stations.......yet there will be no change in ppl's driving habits.

I agree its annoying because nothing will be done. Yet you saying "Yet there will be no change in ppls driving habits". What does this have to do with anything?

[Bazooka Joe]

that means another summer of online petitions protesting high gas prices, accusations of price collusion, and email forwards encouraging ppl to boycott certain gas stations.......yet there will be no change in ppl's driving habits.

IIRC $1.50 gas is supposed to be the tipping point where they expect driving habits to change.

Other major numbers being $2 and $4/l where you'll see big impacts.

[pfbmgd]

haha just ride a motorcycle. 50mpg and 0-100km/h in 2-3 secs.

Try that in 5cm of snow.:)

[rosebud]

Try that in 5cm of snow.:)

summer

[thephenom]

Insane. Over a 1.5 year turn I went from $20 to fill my civic to $50 ...

LIES!!!!

Over 15 years maybe when gas would cost you $20 to fill up your Civic. :twisted:

[skidz88]

I'm still not trading in my premium gas guzzling VQ35 monster, even if it means premium will be $1.60++.


Less cars on the road is better for me, less wear and tear means roads will be in better shape. Less traffic means I get to where I wanna go faster. And hopefully, stupid drivers go buy a metropass.

[ShadowVlican]

need.... yaris.....

[ES_Revenge]

They say this crap every year, I swear. Seriously I remember friends telling me like every few months about how "they say" gasoline is going to go up to $1.20 or $1.50 or something like that "by _____" where blank is always a certain month.

While I'm not going to be so ignorant as to say it's "not going to happen", I will say that I'm really not going to get too excited about it until I see the price actually there. Simply because though it is going up it's never gone as high as predicted. I mean by all accounts of what "they say" in the news, I should have been paying $1.40 for gasoline like two years ago :rolleyes: I guess it might go to $1.40 but for me it's like the boy crying wolf at this point. They say it so often and it never happens so now I'm just like "meh, whatever".


What do people expect?

There isn't more oil being created.
It's not like this really has to do with the price of oil. Well it does and it doesn't. Contrary to the scare tactics of all the tree-huggers oil is not going to "run out" anytime soon. Actually probably not anytime even remotely "soon". Perhaps oil is getting harder to extract but it certainly isn't "running out".

[P90Puma]

Going to be an expensive summer boosting with only Sunoco 94.

Oh well, WORTH IT.

[CSAgent]

haha just ride a motorcycle. 50mpg and 0-100km/h in 2-3 secs.

Guaranteed insta-death on wipe out with nothing to protect you. Even with a helmet.

And what about the kids?

[radeonboy]

Gonna have to find another way to save some gas...Maybe a hybrid, or better yet the Canadian ZENN electric car :lol: :lol: :lol: :lol:

But seriously, this is nuts, everything is increasing, even the tolls for public transport.:evil: :evil: TTC increases like every year, there should be some type of law preventing it from happening.:evil:

[bionicbadger]

oil stocks FTW

[selpats]

Guaranteed insta-death on wipe out with nothing to protect you. Even with a helmet.

And what about the kids?

Who cares about that when you are 19 years old! :lol:

[Stock R]

haha just ride a motorcycle. 50mpg and 0-100km/h in 2-3 secs.

What bike does 50mpg and has that kind of acceleration?

Although I agree with the bike comment. I averaged 87mpg last summer on my 125 :D

[mr_raider]

I'm still not trading in my premium gas guzzling VQ35 monster, even if it means premium will be $1.60++.


Less cars on the road is better for me, less wear and tear means roads will be in better shape. Less traffic means I get to where I wanna go faster. And hopefully, stupid drivers go buy a metropass.

I'm seriously reconsidering my intention to purchase the g35x though. Sadly, I agree with you. High gas prices will affect lower income people much more than those who can afford $40K+ vehicles.

[rob187jj]

lets have a national no car day, seriously. just one day, no cars should be taken out. just public transit. that'd be pretty cool.

im sure that if no one uses their car for just one day, itll effect the supply chain for gas

[radeonboy]

lets have a national no car day, seriously. just one day, no cars should be taken out. just public transit. that'd be pretty cool.

im sure that if no one uses their car for just one day, itll effect the supply chain for gas

that would be an interesting experiment I wouldnt have problems participating in, I wonder how it would feel like. The day there were no cars on the road...:lol:

[rob187jj]

that would be an interesting experiment I wouldnt have problems participating in, I wonder how it would feel like. The day there were no cars on the road...:lol:

thats what i would love to see..it'd be surreal

[ES_Revenge]

lets have a national no car day, seriously. just one day, no cars should be taken out. just public transit. that'd be pretty cool.

im sure that if no one uses their car for just one day, itll effect the supply chain for gas
Great theory but will never work in practice for several reasons. Most importantly, no one is going to do this. Well I should say, rather, that while some people might the majority will probably just laugh at the idea/pay it no attention and just take their cars anyway.

Look at how many "boycott gas stations days" there have been. I mean there are so many of these "planned" by groups of people that there is probably one today, LOL. No one knows about it and even if they did, no one cares, but hey you can organise them all you want. In the end I don't think any one oil company has ever been hurt by any of these "boycott gas stations" days :rolleyes:

Another reason is imagine if this actually happened. Imagine if every single person in any given big city did this, all at once. Imagine what would happen to the transport system which is not at all ready for a massive increase in ridership for that day. Busses, streetcars and subways will be jam packed with people, and there will simply not be enough of them for everyone to take. It will take hours on top of what is usual for people to get to work; many people will get frustrated and will either just go back home or arguments and/or violence will occur among people whose frustration is ever-increasing. Nevermind the economic effects due to the fact that no work would even get done on that day, lol. Depending on how much madness there is, riots may ensue, people may die, etc.

It would be total chaos, plain and simple. Definitely not "pretty cool". :rolleyes:

[JohnB]

I hope so, it will justify my little Civic...because I wanted to get a truck or a bigger car...I just dont want to do $100 tanks...

[skidz88]

I'm seriously reconsidering my intention to purchase the g35x though. Sadly, I agree with you. High gas prices will affect lower income people much more than those who can afford $40K+ vehicles.

Don't get the X if you wanna save on gas, it uses more than a regular G. However since you're in the market for that car, I'm gonna assume you're financially stable. If you're the person who enjoys cars like I do, then you'll love the G regardless of gas prices. I couldn't drive a 2.0L econobox with no guts just to save $5-10 per fillup.

Low income people(under 30K/yr) should IMO take the TTC, why waste what little you earn on a car that's probably over 10 years old and costs more money to maintain than it's worth.

[Ebola]

It's not like this really has to do with the price of oil. Well it does and it doesn't. Contrary to the scare tactics of all the tree-huggers oil is not going to "run out" anytime soon. Actually probably not anytime even remotely "soon". Perhaps oil is getting harder to extract but it certainly isn't "running out".

I agree with you that as of right now the price of oil doesn't have to do as much with the cost of producing it as it does a bunch of other ******** factors.

I also agree with you that environmentalists have exaggerated the oil situation. 20 years? unlikely.

Within the next 150 years, absolutely, especially considering the exponential growth in demand and population Earth is still experiencing.

There has to be a max point where the Earth can no longer sustain any additional growth. The resources available to us are finite.

However, from all the data is is apparent to me that by the time my grand-children are old, we will have easily passed our max petroleum production and extraction capabilities, and will truly be in a position where gas products are no longer viable for mass usage.

[mr_raider]

Don't get the X if you wanna save on gas, it uses more than a regular G. However since you're in the market for that car, I'm gonna assume you're financially stable. If you're the person who enjoys cars like I do, then you'll love the G regardless of gas prices. I couldn't drive a 2.0L econobox with no guts just to save $5-10 per fillup.

I drove it and I love it. And the gas consumption doesn't bother me as much from a financial point of view as it does from an ethical point of view. I drive less than 5km to/from work is urban traffic, so I have no "need" for a car as powerful as the G35. But damn I want it!

I might settle for an IS 250 AWD. It doesn't have the sheer acceleration of the g35, but enough passing power at highway speeds for daily use, all the gizmos and gadgets I need, and easier to navigate through city traffic. It's the sad thing about being in your 30s, you finally start thinking with your head :D

[ShadowVlican]

lets have a national no car day, seriously. just one day, no cars should be taken out. just public transit. that'd be pretty cool.

im sure that if no one uses their car for just one day, itll effect the supply chain for gas
that would be an interesting experiment I wouldnt have problems participating in, I wonder how it would feel like. The day there were no cars on the road...:lol:
i'd love to see the city run for a day without cars and just purely transit

it'll be even harder to implement than Earth Day (which i think won't be a success)

[skidz88]

I drove it and I love it. And the gas consumption doesn't bother me as much from a financial point of view as it does from an ethical point of view. I drive less than 5km to/from work is urban traffic, so I have no "need" for a car as powerful as the G35. But damn I want it!

I might settle for an IS 250 AWD. It doesn't have the sheer acceleration of the g35, but enough passing power at highway speeds for daily use, all the gizmos and gadgets I need, and easier to navigate through city traffic. It's the sad thing about being in your 30s, you finally start thinking with your head :D

LOL I dread the day I turn 30 then. :lol:

My current car has the VQ35 and next car will most likely also have a VQ35 or even the 37 if I'm lucky enough. I just can't get enough of this motor!

[15-20_God]

Yet you saying "Yet there will be no change in ppls driving habits". What does this have to do with anything?

it just means that ppl love to complain about the price at the pumps yet have no qualms driving down the street to buy a $3 coffee.

[selpats]

it just means that ppl love to complain about the price at the pumps yet have no qualms driving down the street to buy a $3 coffee.

Exactly!

I recently gave up my daily habit of buying my coffee at a local coffee shop. I buy really nice coffee now, grind it and brew it myself every morning and save a lot of money doing this...enough to be able to afford gas for my car! :lol:

[Mr D J]

Looks like it's time to buy a moped :lol:

[KawaiiTentacleBeast]

heh.. I'm looking foward to higher gas prices. I would like less people to drive cars. More room for me!!!

I wish the gov't would raise taxes on gas and make this happen sooner. Up the price to $2.00/l and get the fatties with the crap cars off the road.

[hightech]

I'll opt for a 4 banger when they can start giving me the smoothness and refinement of a Toyota/Lexus V6.

Companies should start putting more $$ into refinement of the 4 cylinder engines. I know they are better then what they used to be, but a 180 hp to 200 hp 4 Cyl taking regular gas, and having V6 refinement would be da bomb!

[thephenom]

I'll opt for a 4 banger when they can start giving me the smoothness and refinement of a Toyota/Lexus V6.

Companies should start putting more $$ into refinement of the 4 cylinder engines. I know they are better then what they used to be, but a 180 hp to 200 hp 4 Cyl taking regular gas, and having V6 refinement would be da bomb!
The new accord's 4 banger makes power in that range and takes regular. If you stretch it a little, the 5 banger on the Rabbit and Jetta make 170hp/170ft-lb. What they need is a 180-200hp 4 banger that can do 40mpg, that would be awesome. :D

[Bazooka Joe]

Whoa, seems we lost a decade or so in the last few posts. It's been a long time since I've heard cyllinders called "bangers" :lol:

[Badman]

Every one stock up on gas from now:lol:

[ShadowVlican]

I'll opt for a 4 banger when they can start giving me the smoothness and refinement of a Toyota/Lexus V6.

Companies should start putting more $$ into refinement of the 4 cylinder engines. I know they are better then what they used to be, but a 180 hp to 200 hp 4 Cyl taking regular gas, and having V6 refinement would be da bomb!
it'll never give you the smoothness of a V6 because of it's inherit design as an I4

also, they're almost making that type of power with 4 cylinder engines now... the latest subaru n/a makes 170hp and 170lb/ft with only a 2.5L SOHC


plus we'll be seeing more "green-turbo" cars in the near future

[gherikill]

Glad I'm saving 10c per liter with my can tire mastercard. Got to buy a locking gas cap though.

Time to start hoarding.

[seftonm]

Makes me happy to have my car. I will probably end up paying around $1.10/L for diesel in the summer and will get around 4L/100km.

[veryhuman]

Is it possible to stock up? :lol:

[Jon Lai]

Is it possible to stock up? :lol:

Does gas expire? XD

[Dixon007]

lol.

Like many analysts, he said pump prices could go as high as $1.40 a litre come summer should crude stay in the $100 US a barrel range. Let me tell you this. IMPOSSIBLE. Only way to see 1.40 a liter is if crude oil goes above 140$ per barrel. these people talk **** out of their asses.
Don't believe the hype certain "so called" analysts are trying to suggest gas prices could reach $ 1.30 - 1.50 this summer !

Apart from their motives, some analysts assume that we will see higher prices because of stories in the US. What they are not telling you is that the fear of US currency depreciation there affects Canada. It does but in a different way;

The rising cost of crude increases the value of the Canadian dollar, insulating Canada from perceived increases south of our border.

Never mind the blunting demand for crude impact that will happen if, as expected, the US goes into recession. This will further drop the price of crude and gasoline, not increase it.

So relax and enjoy your summer. Tales of further increases at the pumps are wishful thinking by a few "analysts" trying to create a bit of hype and money to boot !


This is from MP Dan McTeague :)

[aquariaguy]

Gas is so cheap in the US. I'm paying $3.05 USD for 1 gallon. IT's dirty cheap!

[mr_raider]

Does gas expire? XD

No. It blows up.

[IoannI]

Not that much of a big deal for me. Around a year ago, when the gas prices were skyrocketing I put gas one day at 1.50/L so I've already payed the piper. Anwyas I don't worry about it, I got a gas card from work to fill up my work truck so I'll bring my Jerry can fill it up with 10 dollars worth of gas everytime and fill up my Corolla that way, lol.

[Jon Lai]

Gas is so cheap in the US. I'm paying $3.05 USD for 1 gallon. IT's dirty cheap!

How is that "dirt" cheap? Gas in US used to cost $1.20-$1.30

[Bazooka Joe]

Not that much of a big deal for me. Around a year ago, when the gas prices were skyrocketing I put gas one day at 1.50/L so I've already payed the piper. Anwyas I don't worry about it, I got a gas card from work to fill up my work truck so I'll bring my Jerry can fill it up with 10 dollars worth of gas everytime and fill up my Corolla that way, lol.

I guess diamonds are cheap too if you steal them.

[nornet]

Does gas expire? XD

Yes. Google "stale gas"

[THINKPADT61]

if 1.40/L... I am taking the public limo...

[pitz]

Is it possible to stock up? :lol:

You just answered your own question ;). The best way to hedge against excess crude oil prices and excess crack spreads is to own stock in the producers and refiners. Or simply buy shares of an integrated oil company.

Seriously, while $2/L petrol doesn't bother me -- I am bothered by the fact that new cars aren't any more efficient than older cars.

I drive a 92 Oldsmobile Cutlass Supreme. Gets roughly 30mpg on the highway. Rented a brand new Malibu a few weeks ago in Texas -- it was pretty much the same, about 28-30mpg. No improvement whatsoever, even though its 16 years newer.

I'd love to replace my old piece of junk, but I really don't have much of a (financial) incentive to when brand new cars don't save any money on petrol.

Anwyas I don't worry about it, I got a gas card from work to fill up my work truck

You know, fleets are getting much more savvy about that nowadays. If a particular unit is burning too much fuel (or fuel is being stolen), its not too hard to add things up....

[gherikill]

Shelf life for gas is about 3 months. You can store it but you need to add fuel stabilizer and have a safe place to put the jerry cans.

[pitz]

lol.

Like many analysts, he said pump prices could go as high as $1.40 a litre come summer should crude stay in the $100 US a barrel range. Let me tell you this. IMPOSSIBLE. Only way to see 1.40 a liter is if crude oil goes above 140$ per barrel. these people talk **** out of their asses.


Well during Katrina, petrol was $1.2/L here, and crude oil was $70/barrel and the Canadian dollar at 88 cents.

Today crude oil is at $106/barrel, the dollar is at parity.

So if you run through the math -- petrol could hit $1.60/L this summer.

Of course, crack spreads were unusually large during Katrina -- but $1.4 is definitely well within the range of possibility.


This is from MP Dan McTeague :)

lol ;)

[Andro]

glad my new upcoming car is going to be great on gas :D

[Octavius]

I get annoyed at filling up at $1.08/L...but the whole CT Gift Card Cash Back gas scheme I'm doing (8% off the price at the pump...give or take) isn't making me feel as angry as I otherwise would be.

That being said, at $1.40/L, the only time I'll ever use my car is to go grocery shopping. Right now I use it get around just about everywhere (except park downtown...hate to pay for parking) but that'll definitely change for me if gas gets to be that high.

[gheart008]

lol.

Like many analysts, he said pump prices could go as high as $1.40 a litre come summer should crude stay in the $100 US a barrel range. Let me tell you this. IMPOSSIBLE. Only way to see 1.40 a liter is if crude oil goes above 140$ per barrel. these people talk **** out of their asses.
Don't believe the hype certain "so called" analysts are trying to suggest gas prices could reach $ 1.30 - 1.50 this summer !

Apart from their motives, some analysts assume that we will see higher prices because of stories in the US. What they are not telling you is that the fear of US currency depreciation there affects Canada. It does but in a different way;

The rising cost of crude increases the value of the Canadian dollar, insulating Canada from perceived increases south of our border.

Never mind the blunting demand for crude impact that will happen if, as expected, the US goes into recession. This will further drop the price of crude and gasoline, not increase it.

So relax and enjoy your summer. Tales of further increases at the pumps are wishful thinking by a few "analysts" trying to create a bit of hype and money to boot !


This is from MP Dan McTeague :)

Why is it so hard to believe for you? Gas is already hitting the $1.20 mark here in GVR and it's only beginning of March. Cost per barrel of oil shoots up $5 in one day, so I really don't see why it's so impossible to believe.

I can see gas hitting $1.40 - $1.50 in the summer EASILY.

I think you're just in denial.

[gordholio]

heh.. I'm looking foward to higher gas prices. I would like less people to drive cars. More room for me!!!:lol:

I wouldn't look forward to higher gas prices. Everything will go up in price.

[Dixon007]

just in denial. ? whats is wrong with u. i go with the facts of life.
not because some micky mouse on some website gasbuddy.com said they going togo 1.50 this summer. I just told you why it won;t go that much because oil barrel won;t go above 140$. gas prices in newfoundland. montreal. B.c are much higher than ontario. If u don;t know why. research it. but don;t give me ur opinion over facts

Why is it so hard to believe for you? Gas is already hitting the $1.20 mark here in GVR and it's only beginning of March. Cost per barrel of oil shoots up $5 in one day, so I really don't see why it's so impossible to believe.

I can see gas hitting $1.40 - $1.50 in the summer EASILY.

I think you're just in denial.

[Dixon007]

just because oil was 70$ i am not gonna look it up and canadian dollar was 88% of USA. we saw 1.2 per liter here ? of course we did because of what katrina did. anytime u have a big scale diaster in ur path, prices are going go up. If u want my opinion. Gas prices are going to go up. every year. This year. i don;t see it going above 1.20 -1.25 per liter. 1.50 come on now.
it doesn;t increase by 50 cents over a night. many factors have to happen, Well during Katrina, petrol was $1.2/L here, and crude oil was $70/barrel and the Canadian dollar at 88 cents.

Today crude oil is at $106/barrel, the dollar is at parity.

So if you run through the math -- petrol could hit $1.60/L this summer.

Of course, crack spreads were unusually large during Katrina -- but $1.4 is definitely well within the range of possibility.



lol ;)

[funkylist]

The Gas companies are slowly training us to think $1 per litre gas is normal. Next they will brainwash us to think $1.50/L is normal, then $2.00.. How many more billions of profit will they be making???

[LoveRFD]

This is how they jack up the price: When never some bad news about oil happens, they raise the price say by 5 cents. Once the problem fixed, they drop the price for like 2 cents.:mad:

[ShadowVlican]

This is how they jack up the price: Raise it by >10c. Keep it there for a week(s). Lower it by 5c overnight. Everyone will think it's cheap and there will be lineups. Repeat.
fixed.

[Jon Lai]

I get annoyed at filling up at $1.08/L...but the whole CT Gift Card Cash Back gas scheme I'm doing (8% off the price at the pump...give or take) isn't making me feel as angry as I otherwise would be.

That being said, at $1.40/L, the only time I'll ever use my car is to go grocery shopping. Right now I use it get around just about everywhere (except park downtown...hate to pay for parking) but that'll definitely change for me if gas gets to be that high.

What's this gift card scheme you're talking about?

[seftonm]

just in denial. ? whats is wrong with u. i go with the facts of life.
not because some micky mouse on some website gasbuddy.com said they going togo 1.50 this summer. I just told you why it won;t go that much because oil barrel won;t go above 140$. gas prices in newfoundland. montreal. B.c are much higher than ontario. If u don;t know why. research it. but don;t give me ur opinion over facts
So Ontario is the only place that matters when discussing gas prices? I can see spikes hitting $1.40 but the price probably won't hold there. There is more to gas prices than the price of oil. Summer gas is more expensive to produce and demand is higher as well.

[sunnybono]

They say this crap every year, I swear. Seriously I remember friends telling me like every few months about how "they say" gasoline is going to go up to $1.20 or $1.50 or something like that "by _____" where blank is always a certain month.

While I'm not going to be so ignorant as to say it's "not going to happen", I will say that I'm really not going to get too excited about it until I see the price actually there. Simply because though it is going up it's never gone as high as predicted. I mean by all accounts of what "they say" in the news, I should have been paying $1.40 for gasoline like two years ago :rolleyes: I guess it might go to $1.40 but for me it's like the boy crying wolf at this point. They say it so often and it never happens so now I'm just like "meh, whatever".



It's not like this really has to do with the price of oil. Well it does and it doesn't. Contrary to the scare tactics of all the tree-huggers oil is not going to "run out" anytime soon. Actually probably not anytime even remotely "soon". Perhaps oil is getting harder to extract but it certainly isn't "running out".

I don't know about crap. I know for a fact that one big auto manufacturer has told its dealership network that they will only be delivering limited and I mean limited quantity of trucks and Suv's to the dealership, but will be increasing production on the small fuel efficient vehicles this year!!!!

sk

[Kohanz]

I just bought a new car (Civic), but I'm still not upset if this happens. Our society drives and relies on the automobile WAY too much. If this makes people think twice before they drive to the store down the street instead of walking or taking the bus, or biking (I walk to work, walk to pretty much anywhere within 20-30 minute walking radius if I have the time), or carpooling, that's a *good* thing.

[DeimosBeros]

Buy a diesel?
No, no, no. Forget I said that.......keep demand down...well, you know...:twisted:

[rrt2008]

Anything that means fewer pickups and V-8 SUVs on the road is a good thing.

[LoveRFD]

1.079 today in Waterloo. I guess there will be no more under $1/L gas

[Justin]

Just filled up for 1.129 in Saskatoon. Sucks, but I am not going to pay insurance and lose money on my depreciating car only to walk or take the bus.

[ghostryder]

I drive a 92 Oldsmobile Cutlass Supreme. Gets roughly 30mpg on the highway. Rented a brand new Malibu a few weeks ago in Texas -- it was pretty much the same, about 28-30mpg. No improvement whatsoever, even though its 16 years newer.


Just one question. Is that 30 canadian MPG on your car and 30 US MPG on the rental?

The US gallon is smaller so going 30 miles on a smaller gallon would be a bit better than your Olds.

[rdtx2002]

if the price of oil is like 100.. then the gas prices will approximately be:

(price of oil / 100) + .10.. in this case.. 1.10.. we are at 1.07.. so it's around that mark.

I can see oil going higher........ i'll probably have to get a second job just to pay for gas though.

[gheart008]

If u don;t know why. research it. but don;t give me ur opinion over facts

Well everything that you've said is all opinions too.

Time will tell.

$1.19 in GVR today, and rising.

[pitz]

Just one question. Is that 30 canadian MPG on your car and 30 US MPG on the rental?


US in both instances; there's no such thing as a 'canadian' MPG as we use metric here ;). Even the brits now exclusively use Litres.


The US gallon is smaller so going 30 miles on a smaller gallon would be a bit better than your Olds.

Yeah well putting $40 in at Houston when I had to return it really sucked.

[weedb0y]

Only problem with Diesel, its only from VW and VW isnt reliable at all.

No viable options?

[MaDgamEr]

Yeah... Oil shortage... OPEC simply says "no" to increasing production while posting record profits. Shortage my a$$. Its fat cats padding their pockets, this is what happens when a company is allowed to have monopoly.

These greedy bastards are creating a pretty difficult situation for the markets... When (not if anymore) we slip into recession we're gonna be there for quite awhile thanks to these prick$. Normally comodity prices drop when the market recesses... But with comodity stays high due an artificial supply & demand, it might be a while before the market gets back on its feet.

GO OPEC!!

[Ziggy007]

Gas was about $0.70 a litre when I was down in Mexico last week :(

[blue mountain raider]

ohhh i know, I got both a X5 and a civic.

totally different feeling when filling a tank in the X5 with $100 to only get 550km and filling $45 to get 450km in the civic. but good part is only need to fill the tank once a month(used as evening ride)

is your x5 a 4.4? cuz my last e53 3.0 gets about 700km per tank in the summer, and roughly 600km in the winter.

[blue mountain raider]

Gas was about $0.70 a litre when I was down in Mexico last week :(

what's the octane rating down there?

[DeimosBeros]

Only problem with Diesel, its only from VW and VW isnt reliable at all.

No viable options?

Smartfortwo? . Not very practical though.

Import a reliable diesel from Europe. The shipping might not hurt, but the modifications and registrations that probably and will kill you.

[seftonm]

Only problem with Diesel, its only from VW and VW isnt reliable at all.

No viable options?
Hybrids?

VW can be reliable if you have a dealer that is competent. Too many dealers have no clue what they are doing. Mine does know what they are doing and I have no complaints.

[masterballer]

Yeah... Oil shortage... OPEC simply says "no" to increasing production while posting record profits. Shortage my a$$. Its fat cats padding their pockets, this is what happens when a company is allowed to have monopoly.

These greedy bastards are creating a pretty difficult situation for the markets... When (not if anymore) we slip into recession we're gonna be there for quite awhile thanks to these prick$. Normally comodity prices drop when the market recesses... But with comodity stays high due an artificial supply & demand, it might be a while before the market gets back on its feet.

GO OPEC!!

Stop blaming OPEC because this time around it is not their fault. When the US dollar drops it costs more to buy that oil which causes a increase in fuel prices...we should be blaming the poor managment of the dollar by the fed in America...Even if OPEC did increase prodution it would not help out alot, the refineries are already close to running on full capacity, again thats OUR fault, we need more refining capacity to use that increased oil supply.

Just hope that OPEC dosent depeg the Dollar because IF they do then gas prices will double over night!

[Billa-786]

Only problem with Diesel, its only from VW and VW isnt reliable at all.

No viable options?

Yes the options are limited but Diesel is a great alternative. The CRD Jeep Liberty was highly praised until they stopped making it. Demand for it was twice what Chrysler projected. Just look at the mileage these Jeeps got:

http://www.canadiandriver.com/thenews/2008/03/07/jeeps-drive-from-london-to-berlin-on-one-tank.htm

There are just so few diesel options here in Canada because of how they are viewed in the States. I wish they'd put Tdi into the VW CITY cars, but I heard they wont bring any more of them after this year.

[Octavius]

What's this gift card scheme you're talking about?

There's a thread in this section about "best gas rewards" or something like that. I outlined the process in there.

It's a bit time consuming to set up, but once it's done it's extremely easy to maintain and save money.

[Asad_A203]

I get annoyed at filling up at $1.08/L...but the whole CT Gift Card Cash Back gas scheme I'm doing (8% off the price at the pump...give or take) isn't making me feel as angry as I otherwise would be.

That being said, at $1.40/L, the only time I'll ever use my car is to go grocery shopping. Right now I use it get around just about everywhere (except park downtown...hate to pay for parking) but that'll definitely change for me if gas gets to be that high.

To my understanding Ontario has just peeked $1/L for gas this year. That is absurd; In Winnipeg we have been over $1 for well over 3 years. Lowest it has ever gone was around 98 cents. I pay around 1.20-1.29 right now.

[Asad_A203]

They say this crap every year, I swear. Seriously I remember friends telling me like every few months about how "they say" gasoline is going to go up to $1.20 or $1.50 or something like that "by _____" where blank is always a certain month.

While I'm not going to be so ignorant as to say it's "not going to happen", I will say that I'm really not going to get too excited about it until I see the price actually there. Simply because though it is going up it's never gone as high as predicted. I mean by all accounts of what "they say" in the news, I should have been paying $1.40 for gasoline like two years ago :rolleyes: I guess it might go to $1.40 but for me it's like the boy crying wolf at this point. They say it so often and it never happens so now I'm just like "meh, whatever".



It's not like this really has to do with the price of oil. Well it does and it doesn't. Contrary to the scare tactics of all the tree-huggers oil is not going to "run out" anytime soon. Actually probably not anytime even remotely "soon". Perhaps oil is getting harder to extract but it certainly isn't "running out".

Well if you consider 70 years not to be anytime soon for one of the most critical components to most of the global economy (including uprising giants China and India with more than 1/2 of the world's population who have yet to reach their full economic strength); you are right :). I attended a seminar on this 5 years ago before the whole scare was in full effect and it was interesting listening to what all these researchers had to say. Crude oil is becoming harder and harder to abstract and they have reached the "peak" where abstraction is going to become more costly. Essentially they have reached the diseconomies of scale. Not so long after; much of what they said came into full effect. Interestingly the alternative sources of energy (hydrogen cells) ironicly is mainly produced by fossil fuels and has yet to be produced largely with non emission, fossil fuel methods.

The positive thing about this is only due to the rising price of oil; it has allowed it to be profitable to extract oil in Alberta and Saskatchewan; which is estimated to be the 2nd largest oil patch in the world; only second to Saudi Arabia. Canada has also reduced much of its reliance on oil and this is the same reason why we did not suffer a depression as the USA did in 2001-2002. With rising prices; Alberta will allow a much greater expansion of its oil production and allow more wealth to be brought into Canada. Ontario is not the center of Canada anymore; you guys have a larger per capita debt than New Brunswick :lol:. Most of Canada is already paying prices that are much higher than those in Ontario and it is something you need to become accustomed to. If not; purchase a smaller, cheaper vehicle or find other alternatives. Until we all drop the relliace on fossil fuels; you will need to deal with the OPEC cartel.

[blue mountain raider]

cdont u get annoyed when filling the tank or hand-washing:
1. watching >2.5 car fill up their cars and i am still sqeazing the hell of the pump.
2. having to switch hands so many times, in the winter just to not get frost bite or pulling a muscle in the summer.
3.stupid roof is so big and the damn wheels(brake-dust) take so much time to clean this beast.
:lol:



lol but it feels good everytime we drive it :p

[blainehamilton]

Refinery problem could mean gas shortage (http://www.ctvedmonton.ca/servlet/an/local/CTVNews/20080309/EDM_refinery_problems_030908/20080309/?hub=EdmontonHome)

I'm damn happy work provides me a vehicle and fleet card. Paid 3 times to fill up my personal car in the last couple of months. The rest of the milage went on my work van...

That being said, my next personal car will be a plug in hybrid. After driving a hybrid prius during my trip to California last month, I was sold. Getting 500 to 600 miles on a tank was alright, especially since we were mostly doing 80+mph freeway speeds. Change that to city driving, and your milage gets even better.

The icing was rolling into a gas station for the first time, and only being able to fit 10 gallons into the empty tank. When the pump clicked off, I thought: "That's it?!?" $30 to $35 for close to 1000km of city driving is fine by me. That's why you are starting to see a lot of Toyota Camry Hybrid taxicabs...

[KawaiiTentacleBeast]

Hah. You kids. I actually went and calculated my fuel economy yesterday, I've never done it in my life. I get 12.8l/100km. That's not *too* bad I guess, especially since I'm using the crappy 94 Octane ethanol gas.

[camber]

Ontario is not the center of Canada anymore; you guys have a larger per capita debt than New Brunswick :lol:.

Too bad Ontario still accounts for 40% of Canada's GDP. I still think Ontario has some legs in it because Alberta's money is managed in Ontario ;) :cheesygri

[NuclearBlast]

To my understanding Ontario has just peeked $1/L for gas this year. That is absurd; In Winnipeg we have been over $1 for well over 3 years. Lowest it has ever gone was around 98 cents. I pay around 1.20-1.29 right now.
Would you trade your regulated auto-insurance for Ontario's gas prices :lol: I wouldn't mind paying 10-15% more for gas if I could have the insurance for 50% cheaper :twisted:

[oldsnail]

it is already 118.9-120.9 here in BC. when i use my prem.. it is already over 140.

[seftonm]

Hah. You kids. I actually went and calculated my fuel economy yesterday, I've never done it in my life. I get 12.8l/100km. That's not *too* bad I guess, especially since I'm using the crappy 94 Octane ethanol gas.
That wouldn't be too bad for something like a V8 half ton 4x4. What do you drive?

[KawaiiTentacleBeast]

A 4 banger compact sedan. Maybe if fuel prices go up much further I should get a Corvette? :lol:

[Asad_A203]

Would you trade your regulated auto-insurance for Ontario's gas prices :lol: I wouldn't mind paying 10-15% more for gas if I could have the insurance for 50% cheaper :twisted:


You got me there; haha. But in Alberta; insurance is actually not too drastically higher than in Manitoba and it is private.

[MVP1]

Will gas prices ever come down? This is getting ridiculous. By this time next year we could be looking at a 1.50 a litre.

[cipher]

Hah. You kids. I actually went and calculated my fuel economy yesterday, I've never done it in my life. I get 12.8l/100km. That's not *too* bad I guess, especially since I'm using the crappy 94 Octane ethanol gas.

Your gas mileage sucks.

[brendonp]

Hah. You kids. I actually went and calculated my fuel economy yesterday, I've never done it in my life. I get 12.8l/100km. That's not *too* bad I guess, especially since I'm using the crappy 94 Octane ethanol gas.

A 4 banger compact sedan. Maybe if fuel prices go up much further I should get a Corvette? :lol:

Stop putting crappy 94 Octane (or anything with ethanol) in your car and watch your mileage increase! I'm averaging just less then 10L/100k out of a 3L BMW coupe - and it's high because of a lot of short comutes (and general winter crapiness). For reference, if I'm driving on the 401 for long distances (ie Toronto->Ottawa), I'll get an extra 50-75 kms out of a tank of 91 over 94, if the 94 has ethanol. Gotta like cheaper gas and better mileage!

[gheart008]

Your gas mileage sucks.

lol I wish I got 12.8L/100KM since I'm averaging 15.5L/100km on my IS. :cry:

[mr_raider]

lol I wish I got 12.8L/100KM since I'm averaging 15.5L/100km on my IS. :cry:


Which engine and drivetrain? What mix of city/highway?

[cipher]

lol I wish I got 12.8L/100KM since I'm averaging 15.5L/100km on my IS. :cry:

Your gas mileage sucks...more...

[KawaiiTentacleBeast]

Stop putting crappy 94 Octane (or anything with ethanol) in your car and watch your mileage increase!

Car runs like crap on 91, and I don't want to risk knock in the summer. I didn't try it for long enough to figure out if the mileage is better.

[gheart008]

Which engine and drivetrain? What mix of city/highway?

front engine, RWD.

Mostly city driving, with some highway driving. I'd say 75/25

Your gas mileage sucks...more...

yup :cry:

To make things worse, engine requires premium gas >:(

Then again, I might want to recalculate it again now since I just got my major service done.

[KawaiiTentacleBeast]

front engine, RWD.

I think he's asking the engine displacement. Most people already know the engine is in the front.

[weedb0y]

I think he's asking the engine displacement. Most people already know the engine is in the front.

HAHAHA

[Asad_A203]

I think he's asking the engine displacement. Most people already know the engine is in the front.

Unless it is an MR2:cheesygri

[mr_raider]

I think he's asking the engine displacement. Most people already know the engine is in the front.

Yep. Let's try again: IS250 or is350?

[Asad_A203]

Yep. Let's try again: IS250 or is350?

I am pretty sure he has an IS300.

[ShadowVlican]

Will gas prices ever come down? This is getting ridiculous. By this time next year we could be looking at a 1.50 a litre.
yea

it costs me almost $60 to fill my tank.. and this pig of a car takes like ~14L/100km (need to fill up another time for accurate measurement) :evil:

[DeimosBeros]

yea

it costs me almost $60 to fill my tank.. and this pig of a car takes like ~14L/100km (need to fill up another time for accurate measurement) :evil:

Geez. What are you driving? Mustang?

[skidz88]

it costs me almost $60 to fill my tank

It costs me $80...of premium fuel.


IMO, people should just get a smartcar if you really care about gas prices. They're only gonna go up in the long term.

[gheart008]

I am pretty sure he has an IS300.

Yup, IS300.

It costs me $80...of premium fuel.

Ya that's about the same for me if I'm completely empty, since I have a 66L tank. Usually around the $65 mark though since I don't always fill up at empty.

[mafiastyles]

Yup, IS300.



Ya that's about the same for me if I'm completely empty, since I have a 66L tank. Usually around the $65 mark though since I don't always fill up at empty.



Clean the MAF sensor and reset the battery and get a clean air filter

u should be getting 500km a tank with mixed driving

i have 2001 lexus Is300

stay away for esso and petro

stick with shell or sunoco

[rosebud]

stay away for esso and petro

stick with shell or sunoco

why stay away from petro?

I agree with esso though.

shell and sunoco FTW.

[rosebud]

what's the highest price canada saw?

[blue mountain raider]

why stay away from petro?

I agree with esso though.

shell and sunoco FTW.

plz explain, whats wrong with esso & petro.

[mafiastyles]

Well for Esso is the most garbage gas on earth

http://www.toptiergas.com/retailers.html

Esso is not even on the list for toptiergas there a few threads about toptiergas on RFD


I like shell i paided for gas not ethanol

shell v-power contains 0% ethanol


But it depends on your car and what you driving habitats are

After one year of driving i get better mileage with sunco and shell
i wrote down the number of litres and what time of day and weather was like to conclude my facts etc blah blah u know what i mean

and i concluded for the IS300 that Shell and Sunco are the best

[camber]

Well for Esso is the most garbage gas on earth

http://www.toptiergas.com/retailers.html

Esso is not even on the list for toptiergas there a few threads about toptiergas on RFD


I like shell i paided for gas not ethanol

shell v-power contains 0% ethanol


But it depends on your car and what you driving habitats are

After one year of driving i get better mileage with sunco and shell
i wrote down the number of litres and what time of day and weather was like to conclude my facts etc blah blah u know what i mean

and i concluded for the IS300 that Shell and Sunco are the best

Ummm... Ontario Regulation 535/05 Ethanol in Gasoline came into effect at the start of 2007. All gasoline for motor vehicles have minimum 5% ethanol. Unless, you bought you gasoline from a Marina.

[VorteC]

summer = Kona Dew FTW

Specialized Demo8 FTW... although I'm gonna waste more energy pedaling that than driving.

[mafiastyles]

Ummm... Ontario Regulation 535/05 Ethanol in Gasoline came into effect at the start of 2007. All gasoline for motor vehicles have minimum 5% ethanol. Unless, you bought you gasoline from a Marina.



I guess shell is misadvertising because when i go to the pumps there is sticker saying no ethanol. I guess have to look in to more of that

[rosebud]

plz explain, whats wrong with esso & petro.

you are confusing me.

[mr_raider]

what's the highest price canada saw?

We saw 1.30 in Montreal during Katrina.

[Dixon007]

during Katrina ? so what were the prices after Katrina hit and shut down eight refineries ??
:cheesygri :cheesygri :lol: :lol:



We saw 1.30 in Montreal during Katrina.

[DeimosBeros]

Ummm... Ontario Regulation 535/05 Ethanol in Gasoline came into effect at the start of 2007. All gasoline for motor vehicles have minimum 5% ethanol. Unless, you bought you gasoline from a Marina.

Weird. I was at the pumps an hour ago and they do advertise their octane 91 (V power, whatever) as 0% ethanol.
The lower octane brands are advertised as 10% and 5% respecitvely.

[bembol]

I saw it too last night...

[rosebud]

esso seems to have low grade fuel...where petro seems to be pumping their homemade Tactrol (http://en.wikipedia.org/wiki/Tactrol)(winter gas scam) additive. which u could add your self from CT for a fraction of the cost. but u dont even need them in todays vehicles. which they now claim to put 50% more. LOL.

Are you 100% sure about this?

TOP TIER Detergent Gasoline Retailers (http://www.toptiergas.com/retailers.html)



Top Tier Detergent Gasoline

TOP TIER Detergent Gasoline is the premier standard for gasoline performance. Six of the world's top automakers, BMW, General Motors, Honda, Toyota, Volkswagen and Audi recognize that the current EPA minimum detergent requirements do not go far enough to ensure optimal engine performance.



TOP TIER Detergent Gasoline Retailers

Gasoline retailers must meet the high TOP TIER standards with all grades of gasoline to be approved by the automakers as providing TOP TIER Detergent Gasoline.

In addition, all gasoline outlets carrying the brand of the approved retailer must meet the TOP TIER standards.

Additional gasoline retailers are added to the TOP TIER list as they meet the standards. The retailers known to be on the TOP TIER list are shown below.

TOP TIER Gasoline Retailers:

QuikTrip
Chevron
Texaco
MFA Oil Co.
Conoco
Phillips 66
76
Entec Stations
Shell
The Somerset Refinery, Inc.
Kwik Trip / Kwik Star
Aloha Petroleum
Tri-Par Oil Co.
Turkey Hill Minit Markets
Mileage Stations
Chevron Canada
Shell Canada
Petro-Canada

[camber]

Weird. I was at the pumps an hour ago and they do advertise their octane 91 (V power, whatever) as 0% ethanol.
The lower octane brands are advertised as 10% and 5% respecitvely.

Maybe they haven't updated their stuff advertisements yet?

Here is the new law:

http://www.e-laws.gov.on.ca/html/source/regs/english/2005/elaws_src_regs_r05535_e.htm

[DeimosBeros]

Maybe they haven't updated their stuff advertisements yet?

Here is the new law:

http://www.e-laws.gov.on.ca/html/source/regs/english/2005/elaws_src_regs_r05535_e.htm

Mmmmhmmm. So according to that, all gasoline suppliers can distribute 0% ethanol content until 2009 where they HAVE to comply with the new law.

[maniacshopper]

if they predicted it, people will start hoarding, and pushing; traders will start buying futures; this will lead to Self -prophesying.

[camber]

Mmmmhmmm. So according to that, all gasoline suppliers can distribute 0% ethanol content until 2009 where they HAVE to comply with the new law.

Did I miss something....Where did you read that?

I've only glanced at the document. I could have missed someething in that wacky formula....

[Diskdoctor]

How is that "dirt" cheap? Gas in US used to cost $1.20-$1.30

When I lived in the US about 8 years ago it was from time to time less than $0.70/gallon.

[Diskdoctor]

Will gas prices ever come down? This is getting ridiculous. By this time next year we could be looking at a 1.50 a litre.

No gas prices will not come down - ever. There may be some fluctuation over the years but there is a limited supply of fossil fuels on this earth and an increasing demand for what is left. If we haven't already we will shortly be reaching the peak rate of oil extraction. Plus there is basically nothing happening as far as developing alternatives goes.

Those of us currently using fossil fuels as if there is an unlimited supply are essentially stealing from future generations and from less developed countries. The prices we are currently paying for oil aren't nearly what it's actually worth.

[MVP1]

An interesting read: http://www.canada.com/theprovince/story.html?id=b047677e-1725-4c02-8ffd-2e4ff5e07ea7&k=75855

:(

[pfbmgd]

No gas prices will not come down - ever. There may be some fluctuation over the years but there is a limited supply of fossil fuels on this earth and an increasing demand for what is left. If we haven't already we will shortly be reaching the peak rate of oil extraction. Plus there is basically nothing happening as far as developing alternatives goes.

Those of us currently using fossil fuels as if there is an unlimited supply are essentially stealing from future generations and from less developed countries. The prices we are currently paying for oil aren't nearly what it's actually worth.

I think you are a bit confused .We have heard many times tha oil will run out within 10 years .That was in the 70s .We are making alternate powered car .Have you seen the hybrids on the road .The oil prices will go down .The economy cannot sustain the high cost of oil .

[Ebola]

I think you are a bit confused .We have heard many times tha oil will run out within 10 years .That was in the 70s .We are making alternate powered car .Have you seen the hybrids on the road .The oil prices will go down .The economy cannot sustain the high cost of oil .

I disagree.

You can talk all you want about the 70's, the fact is it's been 30 years since the 1970's, techonology has improved and there has been a continuous increase in consumption since then.

What the economy cannot sustain is continued infinite growth on the current tradtional markets.

[gherikill]

Brazil just found 30 billion barrels,

The Bakken Formation in SK, and ND has about 5 billion

3 billion just found in Guyana,

We are not running out of oil in our lifetimes.

[rosebud]

Brazil just found 30 billion barrels,


That wasn't confirmed yet. Pure speculation from what I've read.

[gherikill]

That wasn't confirmed yet. Pure speculation from what I've read.

FWIW speculation is what drives the oil market and what causes $1.2/L gas prices

[Ryus]

That wasn't confirmed yet. Pure speculation from what I've read.

So shouldn't gas companies lower the cost of gas overnight due to this "pure speculation" ?? They seem to easily raise prices if the speculation is negative :evil:

[Ryus]

Also, I think all these anaylists and predictions of what the cost of gas will be this summer are messing things up. With predicitons of $1.30-$1.40/L come summer time, the gas companies are thinking "That's not a bad price for the new norm, lets make that become reality be slowly increasing the price until we reach it". Thats what it seems like to me, they slowly get the price of gas to where they want it, and that way people will accept it because it was predicted.:rolleyes:

[Ebola]

Brazil just found 30 billion barrels,

The Bakken Formation in SK, and ND has about 5 billion

3 billion just found in Guyana,

We are not running out of oil in our lifetimes.

I agree with you that we won't "run out" of oil in our lifetime.

But I think it's foolish to believe that we arent on the downward slope of our ancient sunlight fuel.

[mart242]

We are not running out of oil in our lifetimes.



Sure but we should still try to reduce consumption... and pollute less!

[gherikill]

Sure but we should still try to reduce consumption... and pollute less!

Sure we should pollute less, but a car does not pollute very much. People do not under stand how little a car actually contributes to overall greenhouse gas emmisions.

Mammals through breathing contribute more than cars.

"During a single year, according to new research, a full-grown moose expels – from both ends – the methane equivalent of 2,100kg of carbon dioxide emissions. That is said to be as destructive for the atmosphere as the emissions released by 13,000km (8,000 miles) of car travel."

http://www.timesonline.co.uk/tol/news/uk/science/article2310627.ece

[mart242]

Sure we should pollute less, but a car does not pollute very much. People do not under stand how little a car actually contributes to overall greenhouse gas emmisions.

But it sure pollutes when it sits in traffic for 2 hours a day..

I'm not saying get rid of the cars, I'm just saying let's try to be as efficient as possible.

[gherikill]

I'm just saying let's try to be as efficient as possible.

I agree. If we are going to be efficient, we have to trim the fat. Cars are not the fat though, manufacturing is.

[ShadowVlican]

Sure we should pollute less, but a car does not pollute very much. People do not under stand how little a car actually contributes to overall greenhouse gas emmisions.

Mammals through breathing contribute more than cars.

"During a single year, according to new research, a full-grown moose expels – from both ends – the methane equivalent of 2,100kg of carbon dioxide emissions. That is said to be as destructive for the atmosphere as the emissions released by 13,000km (8,000 miles) of car travel."

http://www.timesonline.co.uk/tol/news/uk/science/article2310627.ece
how many moose are there.... how many cars are there...

if i had time on my hands, i'd want to dig through science journals to see their procedure and calculations.... i wouldn't be surprised if there are already disputes

[at1212b]

LIES!!!!

Over 15 years maybe when gas would cost you $20 to fill up your Civic. :twisted:

:cheesygri So true

[Ebola]

I agree. If we are going to be efficient, we have to trim the fat. Cars are not the fat though, manufacturing is.

Cars would be the extra-lean fat.

[gherikill]

how many moose are there.... how many cars are there...

if i had time on my hands, i'd want to dig through science journals to see their procedure and calculations.... i wouldn't be surprised if there are already disputes

I would assume that a human produces about half as much as a moose. There are 6.5 billion of us.

[gheart008]

lol.

Like many analysts, he said pump prices could go as high as $1.40 a litre come summer should crude stay in the $100 US a barrel range. Let me tell you this. IMPOSSIBLE. Only way to see 1.40 a liter is if crude oil goes above 140$ per barrel. these people talk **** out of their asses.
Don't believe the hype certain "so called" analysts are trying to suggest gas prices could reach $ 1.30 - 1.50 this summer !

Apart from their motives, some analysts assume that we will see higher prices because of stories in the US. What they are not telling you is that the fear of US currency depreciation there affects Canada. It does but in a different way;

The rising cost of crude increases the value of the Canadian dollar, insulating Canada from perceived increases south of our border.

Never mind the blunting demand for crude impact that will happen if, as expected, the US goes into recession. This will further drop the price of crude and gasoline, not increase it.

So relax and enjoy your summer. Tales of further increases at the pumps are wishful thinking by a few "analysts" trying to create a bit of hype and money to boot !


This is from MP Dan McTeague :)

just in denial. ? whats is wrong with u. i go with the facts of life.
not because some micky mouse on some website gasbuddy.com said they going togo 1.50 this summer. I just told you why it won;t go that much because oil barrel won;t go above 140$. gas prices in newfoundland. montreal. B.c are much higher than ontario. If u don;t know why. research it. but don;t give me ur opinion over facts

Just an update for you that GVR hit $1.33/L just this past weekend and it's only the end of April.

[VorteC]

summer = Kona Dew FTW
WRONG - Specialized FTW

[at1212b]

The big difference is China and India. They are the X-factors that we never had to deal with before. They have fundamentally changed the game. I was just reading a article about Chinese consumers getting into Big Cars and SUVs now. If there's one thing they like, that's a bit of 'bling' and status. What better way to show it off then with a huge car.

All the low hanging fruit is long gone, and only costly sources, requiring huge investments in technology and capital are available. There is also severe inflation in labour costs, and shortages adding to the high input costs.

The growth rate of consumption will far outgrow Production (even with all the oil sands) for the next 30 years. Canada has extreme small impact in the scheme of things regarding gas prices.

Oil is a global good that acts like there are no barriers and will flow to where demand is, so we can conserve, conserve, conserve, drive all the Prius' here in Canada, and it will not make a difference because that will just raise consumption/usage down south and other parts of the world if there is a softening in gas prices.

The only solution is if we ALL buy Hybrids, or entry level cars, reduce use of the automobile, have a strong, efficient public transportation Infrastructure, wise urban planning vs just building wasteful 5 bedroom houses as far as the eye can see, basically have to start sacrificing.

And throw in a little conspiracy theory about forces trying to keep prices high, the good ol days of giving a fill-up a little thought are over for the next little while.

Of course if you have a boat load of money, or won the lottery, who cares right.

And that's right, the new cars barely emit any emissions. But you still take very fuel efficient cars, low emissions, but multiply that by a very large and growing base, there are still going to be 'issues' that the next generation will feel the effect of even more.

[Spidey]

that means another summer of online petitions protesting high gas prices, accusations of price collusion, and email forwards encouraging ppl to boycott certain gas stations.......yet there will be no change in ppl's driving habits.

I agree. Plus as a consumer what do you do. I drive as least as possible as I can with a family of five, but when I need gas I need it. I cant go without it, or bargain the attendant for a deal.

So really, what can we as the average consumer do. Because if there is anything, Im all for it.

[oldsnail]

i was just pumping 145.9 this after noon.. (prem fuel)

i can never fill my car anymore.. the credit card pre-auth stops at $100.. lame..

[plucky duck]

i was just pumping 145.9 this after noon.. (prem fuel)

i can never fill my car anymore.. the credit card pre-auth stops at $100.. lame..

I am curious to know what vehicle you drive that requires premium to fill yet $100 is not enough?

Used to be a year or so ago I can fill up my Prelude for ~$45, now its nearing $60. Although I only have a 55L tank.

[KawaiiTentacleBeast]

A Euro truck like a BMW X5 would do it - 85l tank.

On a related note, how wonderful that X5 gets better mileage than me.

[Odysseus_Maximus]

i was just pumping 145.9 this after noon.. (prem fuel)

i can never fill my car anymore.. the credit card pre-auth stops at $100.. lame..

thats sucks

[rogerrfd]

Well I see things ending once the barrel hits $150 ish a barrel ..

This is just a diffrent view so be open minded

Once they hit that they will have conditioned us so much that $1.14 will be cheap. They are not reporting record profits for nothing..

I am a fan of coast to coast am... http://www.coasttocoastam.com/shows/2005/10/12.html

what I like about the biggest heard world wide radio show in the world is that they take people with there strong views and pin them up against the opposite views best contender and put them together to fight it out..

really a run for there money in the end the peek oil looks more like a scam .

See through all the FUD and avoid the big gas stations.. Esso and shell

and make it known to whom ever will listen that your not going to take it.

I have already started on my electric car http://www.durhamelectricvehicles.com

[rogerrfd]

here are a few more links

note pirate bay dot org has these shows you can hear..

http://www.coasttocoastam.com/shows/2007/12/10.html
http://www.coasttocoastam.com/shows/2005/10/26.html
http://www.coasttocoastam.com/shows/2006/01/12.html

great show was a great debate
http://www.coasttocoastam.com/shows/2006/01/12.html


http://www.coasttocoastam.com/guests/742.html

the thing here is that electric cars show the most promise but battery technology just bites.. the thing that seems to be something that will change the world is super capacitors (known as ultra capacitors also!) It will change the way we drive and store energy in general.

cause anyone can build a electric car (mount the electric motor to the transmission) there is not much to it. and hardly anything to break. Every car manufacture in the world knows the electric car is going to kill the fuel burning industry.

the electric motor for hp is 8 x electric hp

google for the whitezombie electric drag car.. nice

[rosebud]

I did 477km with 41L.

not bad I guess.

[oldsnail]

I am curious to know what vehicle you drive that requires premium to fill yet $100 is not enough?

Used to be a year or so ago I can fill up my Prelude for ~$45, now its nearing $60. Although I only have a 55L tank.

i dont have anything special.. just a nissan maxima v6.

76L tank and requires prem fuel.

regular fuel in victoria is already over 131

worst case scenario -
76L tank * 1.46/L = $110.96

i usually get $100.00 , and the pump stops due to the limit

[VivienM]

i dont have anything special.. just a nissan maxima v6.

76L tank and requires prem fuel.

Why do Nissans have such huge tanks? I've noticed Altimas have big tanks too...

[at1212b]

Why do Nissans have such huge tanks? I've noticed Altimas have big tanks too...

Because they want to feel special.

[mr_raider]

Sentras have ridiculously small tanks, less than 50L which is annoying on long drives.

[oldsnail]

Why do Nissans have such huge tanks? I've noticed Altimas have big tanks too...


thats coz they share the same v6 engine. along with G35, certain years of pathfinders, 350z, fx35, and i am sure there is more.


acura mdx has a 89 L tank

[MVP1]

Summer is here and prices are over 1.40 a litre at some locations :mad:

[gheart008]

Summer is here and prices are over 1.40 a litre at some locations :mad:

Well over in fact in some. Makes those who kept denying the fact look kinda silly eh?

[hagbard]

Summer is here and prices are over 1.40 a litre at some locations :mad:

$1.44 in Victoria.

[Bazooka Joe]

I haven't seen under $1.40 in at least 3 weeks - northern ontario here.

Nice bump BTW