Gas watcher warns $1.20 a litre (Canada)

[PhishPhood]

Originally Posted by 69project

The negative balance of trade has nothing to do with the dollar being in the tank. Obama's administration has purposely driven down the value of the dollar in hopes of making US goods cheap and maybe getting the economy going.

He also drove it down with his freaking massive trillion dollar bailout. The world markets didn't like that and have punished the US with making the dollar worth less. The world has lost some faith in the dollar since we have all this massive debt.

Since crude is priced in dollars the cheaper the dollar is the more expensive it makes crude. If you haven't noticed there are record amounts of crude being stored as well as gasoline. Refiners have cut production massively because their margins are squeezed with the high crude and the until recently relatively cheap gas. This creates an artificial shortage of gasoline thus driving the price up allowing the refiners to have better margins.

have you also noticed none of the OPEC countries are calling for a production increase to take advantage of these prices? That's because no one wants to buy the crude they have now because it's too expensive to refine.

So as usual the consumer gets jacked in the end. If we drive up the price of the dollar things will go back to normal, but until the present administration thinks that is the thing to do, we are stuck like Chuck. I hate Chuck.

If you are into conspiracies this could be the administration and Green Weenies way of forcing everyone into fuel efficient cars. If the US won't create huge gas taxes like Europe, then they will artificially inflate fuel prices to force consumers into fuel efficient cars. Food for thought....

Here's an irony though. There's a whole cadre of people herein that think the dollar is still too strong and needs to sink even farther especially vs the yen. This keeps out imports of vehicles from Japan - and Europe - which effectively improves the competitiveness of the vehicles built here.

Protectionist? Absolutely. But protectionism only begets protectionism in some other area.

[YupYupYup]

Big governments are complicit in this...The higher gas is, the more tax revenue they get. Don't blame the oil companies outright when MAJORITY of the price goes to TAX in Canada! Do you think they really want lower gasoline prices for consumers?

Obama's devaluation of the dollar is a short-sighted and simple-minded attempt to prop up the union-controlled manufacturing sector. Someone has to pay off the unions for their support. Too bad it just kills the rest the economy long term, and the deficit balloons. Oh, yeah, we need more TAX money to pay for it...Go tax some more gas!!!

[Aprime]

Originally Posted by dindak

The weak US dollar is responsible for much of the recent hikes.

Which makes no sense whatsoever in Canada.

Originally Posted by YupYupYup

MAJORITY

Retract, that's not true... At least, so far, and I'm not taking into account exploitation/extraction revenues.

Originally Posted by Jimmy Jive

government watchdog on prices

LOL

Originally Posted by Mikkoo

$1.20 a liter would be really cheap for us. We are paying the equivalent of $ 1.90 per
liter here in Northern Europe. Finland to be exact. The cheapest I've seen in the
six years I've been here is $1.50 per liter. And we use the euro currency, which is
valued around 50% stronger than the US dollar.

That doesn't make it any more right, shush.

Also triple lol@the guy claiming the market's rigged. If anything retailers are acting in a collusive way depending on the region you're in, but nobody seems really bothered enough to boycott them. There's nearly no competition whatsoever in Gatineau while there is in Ottawa. The arrival of a new retailer kinda changed the game as of late as he's been setting the trends, but the latest has been upwards. I can't blame the refiners of anything but doing their job. Crude is hitting highs in USD and we should technically be benefiting from this with lower prices as the USD is weakening, but our dollar ain't that strong yet, and... Well, derp inflation.

[chevyman1973]

maybe canada should go and attack someone! ho wait canada has never done that cuz they cant!

[rueben44]

Originally Posted by Beau

The oil prices spiking caused 40% of the US economy that people blamed Bush for. It really destroyed consumer confidence and instilled a sensation of panic. 50% of it was wall street greed, and the other 10% was possibly somewhat due to the war effort??

Really so the whole housing issues with lending to people who could not afford it and selling the loans was not a great bulk of it. The year after year of deficit did not play a major role? And the war effort....how did that affect oil......we have been in that situation for 7 to 8 years so that variable has been almost constant. Plus the countries we are at war with are not threatening our oil supply. Not try to really argue with you but people reach for all these things but I remember times when gas would spike because spectators thought someone was going to do this or that which never came to pass.

Also people here keep pushing theories of Obama trying to force people into more fuel effect cars. LOL! gas is 2 dollars something it reached 4-6 dollars a gallon before under the previous admin what was the plan then? What was the issue with the dollar then?

Oh I almost forgot Obama is trying to program my children, kill my grandma, spread socialism, make me worship the devil, blow up the white house, plot with al Qaeda from the oval office......on top of it all did you hear....he is not even a citizen and according to some he hates white people.

[Hunid Racks]

Aww cripes, not this schiyt again

[Variant]

Originally Posted by chevyman1973

maybe canada should go and attack someone! ho wait canada has never done that cuz they cant!

I really hope your other 700 posts are much more intelligent than that...

[tgagneguam]

For reference to metric-myopic people like myself, 1 U.S. gallon = 3.8 liters.


I'm determined to make my newly purchased, dual-fuel wood-burning/oil-burning furnace make sense long-term. Perhaps oil prices climbing could be just the trick.

Originally Posted by PhishPhood

Here's an irony though. There's a whole cadre of people herein that think the dollar is still too strong and needs to sink even farther especially vs the yen. This keeps out imports of vehicles from Japan - and Europe - which effectively improves the competitiveness of the vehicles built here...

I think people forget this, PhishPhood.

And the part of the low dollar that for some reason really irritates me is that U.S. assets can be had on the cheap for foreign firms. For some reason, I don't like to see American icons swallowed up by foreign companies, but as the dollar retreats to the basement, we will see more, not less, of that kind of activity. Yes, I know we live in a global age with "borderless" economies, but it bothers me, nonetheless.

[Raydar]

Gas climbed for a while, here. But it's on its way back down again.
What I've read seems to indicate that the futures market (speculation, in other words) was causing the price to rise. But apparently the demand isn't there to support the increase.

[rueben44]

Originally Posted by Hunid Racks

Aww cripes, not this schiyt again

I doesn't have to be that way but a response is elicited when so many post try to blame someone just 8 months in the position for the ills of the world. They systems that manipulate our lives have been in place for a greater part of the 20th century we just cannot visit them upon one person not even Bush. I want to have a discussion not argue but was just making a point. I guess most off all I get tired of it especially when I turn on the news and every single day there is a story of how Obama did not use is powers to heal the world and someone is mad. Then there is another story right after about how he guiding us to hell in a hand basket. It is unreal!!!

[Hunid Racks]

Originally Posted by tgagneguam

And the part of the low dollar that for some reason really irritates me is that U.S. assets can be had on the cheap for foreign firms. For some reason, I don't like to see American icons swallowed up by foreign companies, but as the dollar retreats to the basement, we will see more, not less, of that kind of activity. Yes, I know we live in a global age with "borderless" economies, but it bothers me, nonetheless.

It's not that the dollar is being weakened (for so many reasons) it's that other currencies have learned how to exploit it. And of course the idiots in Washington don't care as long as they follow their party and personal agenda.

[K Dawg ONE]

Price manipulation again....dont talk about it and we wont fuel the fire....

[avro206]

I don't see much in that article, it was pretty weak. We have had nice low gas prices for some time now--gas prices do change--of course they will go up some time--I am not surprised they have. They will also come down.

[2002 Caddy]

Originally Posted by 69project

The negative balance of trade has nothing to do with the dollar being in the tank. Obama's administration has purposely driven down the value of the dollar in hopes of making US goods cheap and maybe getting the economy going.

He also drove it down with his freaking massive trillion dollar bailout. The world markets didn't like that and have punished the US with making the dollar worth less. The world has lost some faith in the dollar since we have all this massive debt.

Since crude is priced in dollars the cheaper the dollar is the more expensive it makes crude. If you haven't noticed there are record amounts of crude being stored as well as gasoline. Refiners have cut production massively because their margins are squeezed with the high crude and the until recently relatively cheap gas. This creates an artificial shortage of gasoline thus driving the price up allowing the refiners to have better margins.

have you also noticed none of the OPEC countries are calling for a production increase to take advantage of these prices? That's because no one wants to buy the crude they have now because it's too expensive to refine.

So as usual the consumer gets jacked in the end. If we drive up the price of the dollar things will go back to normal, but until the present administration thinks that is the thing to do, we are stuck like Chuck. I hate Chuck.

If you are into conspiracies this could be the administration and Green Weenies way of forcing everyone into fuel efficient cars. If the US won't create huge gas taxes like Europe, then they will artificially inflate fuel prices to force consumers into fuel efficient cars. Food for thought....

Do you want me to respond to this blatantly political post with the truth... Take a look at the calender and take a look at who was president when the bailouts occurred... When the dollar was at its lowest point.... When the stock market crashed... When the Banks were all Socialized... When the insurance companies were all nationlized.... when GM was bough and paid for...

Everything that you are complaining about occurred almost 12 months ago! Did you just notice now?

The US dollar bottomed in April of 2008... at a relative 72 cents...(about a 40% drop from January 2001 for anyone keeping score) it is almost 6% better today.
Where were all of the senior citizens with tea bags on their hats then?

Wake up dude, this has nothing to do with whoever is in the white house.

[PhishPhood]

Originally Posted by YupYupYup

Big governments are complicit in this...The higher gas is, the more tax revenue they get. Don't blame the oil companies outright when MAJORITY of the price goes to TAX in Canada! Do you think they really want lower gasoline prices for consumers?

Obama's devaluation of the dollar is a short-sighted and simple-minded attempt to prop up the union-controlled manufacturing sector. Someone has to pay off the unions for their support. Too bad it just kills the rest the economy long term, and the deficit balloons. Oh, yeah, we need more TAX money to pay for it...Go tax some more gas!!!

Get off the Faux News pablum it weakens the brain.

It's not at all accurate that as fuel prices go up the more tax revenue is increased... unless you're in Cali. The price of the gas has nothing to do with how much revenue the Feds or state governments get. The Feds get 18.4 cents per gallon whether the price is $2/gal or $4/ gal. Ditto most states. Do you need a reference for this data. Try Google.

In fact when the price of fuel gets too high the Feds and most states lose tax revenue since people buy fewer gallons.