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Price of Gasoline #5214130 09/16/19 08:34 AM
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Snagglefoot Offline OP
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We’ll see if the price of gas goes up with the oil price increase due to the Saudi issues. This morning, regular gas in Calgary is still $1 CDN per liter, unchanged. I’ll check it over the next month. Feel free to post your gas price.


If you want the job done right......do it yourself.
Re: Price of Gasoline [Re: Snagglefoot] #5214144 09/16/19 08:46 AM
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LoneRanger Online Content
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If my math is correct, that converts as $2.83 per US gallon. Not bad, I thought gasoline prices were higher than that in Canada or does it vary a lot by province?



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Re: Price of Gasoline [Re: Snagglefoot] #5214168 09/16/19 09:13 AM
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Snagglefoot Offline OP
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Yes, taxation varies by province. Alberta is of course home to the western Canada refining complex with a gasoline pipeline between Edmonton, where the refineries are, down to Calgary.


If you want the job done right......do it yourself.
Re: Price of Gasoline [Re: Snagglefoot] #5214173 09/16/19 09:16 AM
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NO2 Offline
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Canadian gas price changes are delayed because of FIFO inventory valuation. The US uses LIFO so you see changes within a day or two.

Like the US, Canadian pricing varies due to provincial tax differences, competition, regional disruptions, and supply chain costs. Currency fluctuations are another factor because oil is priced in US$. Many US cities, especially in California , have special fuel blends adding another variable.

For instance, pricing in the Alberta /Calgary corridor is around C$1/litre, and in Victoria/Vancouver it's C$0.35-40 more per litre, while Ontario currently varies between C$1.10 around London to C$1.40 around Thunder Bay. Not coincidentally, the lower cost areas have both nearby refineries and competition.

Last edited by NO2; 09/16/19 09:20 AM.
Re: Price of Gasoline [Re: Snagglefoot] #5214232 09/16/19 10:18 AM
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Fawteen Offline
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There will be a market knee-jerk reaction, and then it will level back out. The United States has nearly achieved energy independence, and if there is a bump in price the strategic reserves can be tapped to settle it down. It's been $2.08 to $2.15 around here and it was still the same this morning when I was out and about.

The media is running around like chicken little, but they like to generate a big story where a small story exists.


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Re: Price of Gasoline [Re: Snagglefoot] #5214293 09/16/19 11:43 AM
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hallstevenson Online Content
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No change here in SW Ohio. In this area, and regionally in fact, Speedway pretty much dictates the pricing. They raise prices on a whim and all stations follow suit. I drive past (3) of their stations on the way to work and they were at $2.63 and according to GasBuddy, they're actually at $2.60 currently. If they were going to raise prices because of this Saudi incident, they would have done so already.

Re: Price of Gasoline [Re: Snagglefoot] #5214308 09/16/19 11:58 AM
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FT92 Offline
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south western pa...last week friday was 2.69 went up over night saturday to 2.79 before the Saudi thing ,,,go figure then again pa has the highest gas tax or close to it at around 90 cents per gallon

Re: Price of Gasoline [Re: Fawteen] #5214312 09/16/19 12:03 PM
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Originally Posted by Fawteen
There will be a market knee-jerk reaction, and then it will level back out. The United States has nearly achieved energy independence, and if there is a bump in price the strategic reserves can be tapped to settle it down. It's been $2.08 to $2.15 around here and it was still the same this morning when I was out and about.

The media is running around like chicken little, but they like to generate a big story where a small story exists.


Strategic reserves were tapped yesterday.


1992 Toyota Pickup--Quaker State Advanced Durability 10W-30--Motorcraft 910S
Re: Price of Gasoline [Re: BigD1] #5214325 09/16/19 12:16 PM
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Sayjac Offline
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The I read it, strategic reserve to be tapped "if needed". Had not seen release confirmed. Hopefully unnecessary.

Re: Price of Gasoline [Re: BigD1] #5214408 09/16/19 01:45 PM
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Fawteen Offline
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Originally Posted by BigD1


Strategic reserves were tapped yesterday.


Nope. The President authorized the release, but so far none has been used. It's on an "if needed" basis and so far it has not been needed.


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Re: Price of Gasoline [Re: Snagglefoot] #5214461 09/16/19 02:59 PM
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CARJ Offline
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Gas went down .03 today from yesterday. We don't seem to get as many of the knee jerk response price hikes here in Kansas as we did when we lived in California.


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Re: Price of Gasoline [Re: Snagglefoot] #5214515 09/16/19 04:31 PM
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eljefino Offline
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$2.49 this am and pm, down 4 cents from Friday.

Re: Price of Gasoline [Re: Snagglefoot] #5214522 09/16/19 04:47 PM
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hallstevenson Online Content
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I posted around noon that prices remained around $2.60/gallon here. That was according to GasBuddy. As of 5:30, they’ve jumped up almost $0.30 (here).

Re: Price of Gasoline [Re: Snagglefoot] #5214525 09/16/19 04:58 PM
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Gas jumped from 2.15 to 2.39 today.


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Re: Price of Gasoline [Re: Snagglefoot] #5214532 09/16/19 05:23 PM
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gas jumped from 2.55-2.85 mid afternoon.


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