Gas Prices

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VanCitySouth
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Re: Gas Prices

Post by VanCitySouth »

moonshadow0825 wrote: Sat Apr 20, 2019 6:54 am There's this lone Esso or Chevron in Tilbury on River Road that was showing $1.78 :shock: on Thursday afternoon.
Not sure how he's getting any business when a 10 minute drive east or west gets you gas that is $0.10 cheaper
Maybe just wanted to be the record holder for a few days :lol: :lol:
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Re: Gas Prices

Post by Canada Goose »

I'm back from WA State... $0.90!
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Re: Gas Prices

Post by stuffradio »

Gas supposedly supposed to hit $1.75 tomorrow.
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Re: Gas Prices

Post by Forrest Gump »

My brother n law was an engineering consultant in the oil & gas industry in Alberta for over 30 years , even he says the excuses they use to support increasing gasoline prices is nothing but a scam, and the refineries down for maintenance excuse is nonsense, since when has there been a gas shortage that would justify rising prices. And the carbon tax went up 1 cent this month not 50cents!! Warm weather and summertime reasons is another scam excuse, we've got enough oil for another 100 years. Even a few years ago when a barrel of oil reached $150, prices at the pump topped out at $1.50. Now we have $1.72 with oil at $60 a barrel.

Just found this most recent article that says we only get 10% of our gas from Washington refineries . So even if they did shut down for maintenance for a short time why would 10% affect us that much?

ttps://www.theglobeandmail.com/canada/article- ... o-provide/
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Re: Gas Prices

Post by Abby_wx »

There's definitely a lot of gouging going on, no question. In addition to carbon taxes and other fuel taxes, I was reading that refiner margins and retailer mark-ups are both at all-time highs. Everyone who stands to make a buck is jumping onto the bandwagon.

Having said that, the lack of refining capacity here in BC is a real issue. We are currently shipping Alberta oil to Washington state refineries, who sell refined fuels back to us at a mark-up. These imports may only account 10% of our gas, but that 10% is critical for meeting higher demand during the warmer months. Gas companies know they have a captive market, and set their prices accordingly.

Despite common belief, there is no shortage of capacity on the existing TM pipeline. In fact, only about half of the crude oil we send to the US returns to us in the form of refined products. The rest is either sold on the US market or shipped overseas.

The Vancouver area used to have three refineries to supply our needs, but two were shut down after the Trans Mountain pipeline was built. This meant that we became reliant on Alberta and Washington state refineries for our supply of gas.

The proposed pipeline expansion is primarily for shipping diluted bitumen to Asia. Any excess capacity will continue to supply US refineries, who will continue to sell their gas back to us at a mark-up. No additional gas will be refined in BC unless we expand our refining capacity.

If Alberta could ship more refined product to BC, then why aren't they doing so already? Instead of shipping crude oil to WA state to be refined, they could be using that capacity to send refined fuel directly to BC. There are two possible answers to that question: 1.) Their refineries are already at 100% capacity, or 2.) It's more profitable to maintain the status quo. Which do you think is more likely? ;)
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Re: Gas Prices

Post by Hound »

"We are currently shipping Alberta oil to Washington state refineries, who sell refined fuels back to us at a mark-up. "
<-- That is so beyond stupid. :x
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Re: Gas Prices

Post by SouthSardiswx »

Gas remains @ 157.9c out here in central valley seems to be stuck at that price with Summer approaching that's absolutely nuts. I guess Ty my man a.k.a. have bike will travel must be on a bike road trip with the dry weather and comfortable temps.
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Re: Gas Prices

Post by stuffradio »

Gas prices dropping below 140 in most places now.
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Re: Gas Prices

Post by stuffradio »

Gas was 126 at Superstore in Mission yesterday.
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Re: Gas Prices

Post by SouthSardiswx »

Gas is down to 132.9c here in Chilliwack but I hear it's 119c in Aldergrove.
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Re: Gas Prices

Post by VanCitySouth »

I filled up at 129.9 in Vancouver on Wednesday, but it's bounced all the way back into the mid-140s now.
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Re: Gas Prices

Post by Abby_wx »

117.9 at Costco. Thank you, John Horgan. ;) :lol:
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Re: Gas Prices

Post by Forrest Gump »

Abby_wx wrote: Fri Jun 14, 2019 10:57 am 117.9 at Costco. Thank you, John Horgan. ;) :lol:
That's what I was thinking , but not according to the gasbuddy guy.
"McTeague has stated that the current drop in fuel prices is attributed to unstable economic conditions around the globe". As Gretzky once said, "that's a crock of crap".
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Re: Gas Prices

Post by SouthSardiswx »

VanCitySouth wrote: Fri Jun 14, 2019 10:05 am I filled up at 129.9 in Vancouver on Wednesday, but it's bounced all the way back into the mid-140s now.
Wow that's sick! Van man.
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Re: Gas Prices

Post by SouthSardiswx »

Abby_wx wrote: Fri Jun 14, 2019 10:57 am 117.9 at Costco. Thank you, John Horgan. ;) :lol:
How long was the line up Abby Sr.?
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