• Gas prices spike across the continental US and in Canada overnight through earlier today
    74 replies, posted
[url]http://www.washingtonpost.com/business/oil-falls-to-near-96-a-barrel-in-asia-on-seasonal-downturn-us-reserves-release-speculation/2012/09/11/040531e8-fbd5-11e1-98c6-ec0a0a93f8eb_story.html[/url] [quote=Washington Post via AP]The waning days of summer should mean the last increases in gasoline prices for a while. Average gasoline prices rose 1.5 cents overnight to $3.843 per gallon Tuesday, the biggest gain in two weeks. The price has risen about 50 cents since July 1. Motorists in about eight states are paying at least $4 per gallon, according to AAA, Wright Express and the Oil Price Information Service. Even the lowest prices — $3.59 in Mississippi and $3.60 in South Carolina — are up more than 60 cents from early in the summer. Yet, relief is in sight. Refiners can soon switch to selling winter blends of gasoline, which are cheaper than summer gasoline blends formulated to reduce pollution. “This is the fireworks finale for the season, the next four or five days,” said Tom Kloza, OPIS chief oil analyst. “By next week, it will, it will start to move lower.” This week, short supplies of summer gasoline, particularly in the Northeast, are contributing to the latest increase, Kloza said. He also said cited lingering effects from supply disruptions caused by Hurricane Isaac and refinery downtime in the Midwest. The national average for gas is within a dime of the year’s high, so a decline will be welcomed by drivers. Gas prices topped out at $3.94 per gallon in early April, then fell for about three months. But rising oil prices, pipeline and refinery issues and the vacation driving season pushed prices up 10 percent since the start of summer. Overall, the national average price has increased 3.2 percent so far this year, compared with the same time period in 2011, according to OPIS data. Just one state — Montana — has seen lower prices year to date, although by just 0.1 percentage point. In Arizona, the average price is up 6.2 percent from a year ago.[/quote] [url]http://www.ctvnews.ca/canada/gas-prices-shoot-up-by-17-5-cents-in-montreal-hit-1-53-per-litre-1.952415[/url] [quote=CTV News]Gasoline prices rose in many parts of Canada overnight but nowhere as high as in the Montreal area, where prices hit a near all-time high of $1.53 per litre at some stations -- an overnight increase of 13 cents. Since the beginning of the summer, prices in Montreal have gone up 20 cents per litre. And one year ago today, gas was selling for around $1.35 per litre in Montreal, a difference of 17.5 cents per litre. The website TomorrowsGasPricesToday.com, which is run by fuel price watcher and former Liberal MP Dan McTeague, called the increase “absurd and unjustified.” “Increases of this magnitude would suggest a major international event or supply disruption, neither of which can be considered since they have already been factored in over the last few weeks (ex: hurricane Isaac)," said a statement on the site Wednesday morning. Hurricane Isaac tore across the Gulf Coast in late August, forcing nearby oil refineries to suspend production. At the height of the storm 1.3 million barrels per day of oil production was halted. The pause caused gas prices to spike briefly but those costs appeared to have levelled off once the storm fizzled out and platforms resumed regular production. Speaking with CTV News Channel, McTeague questioned the notion that Isaac had anything to do with the recent jump in gas prices. He noted that benchmark crude prices in the U.S. are sitting at about 78 cents a litre. By comparison, oil prices in Canada are at about 90 cents a litre. “There’s a 12 cent premium being tacked on. It doesn’t matter where you are across the country,” said McTeague, adding that there is no apparent reason for the price difference considering hurricane Isaac occurred several weeks ago. Spokesperson Cedric Essiminy forCAA-Quebec suspects profit-taking is at play. “It’s not because the price of gasoline is going up, that the retailers have an excuse to take more than they should take,” he told CTV Montreal. “When they’re charging you $1.53, that’s too much.” Essiminy suggested that a more realistic price would be $1.49 for the Montreal region. Some Montreal drivers travelled to other neighbourhoods for prices as low as $1.40 on Wednesday. The less drastic gas-price hike in Toronto also prompted long lineups at some gas stations. Business News Network Michael Kane said he expects that prices at the pump will soon moderate. He pointed out that hurricaneIsaac had forced part of the U.S. oil industry to draw on supplies in Cushing, Okla., drawing supplies down by five million barrels. “Today’s inventory report was expected to see a further drawdown of three million and that didn’t happen. It was a surprise build of two million,” he said. “So that has the effect of driving the price down after we’ve seen…those huge jumps at the pump.”[/quote] Where I live, it rose to CAD $1.26/L.
It's around 1.7€/L in France, you guys have it easy.
[QUOTE=-Get_A_Life-;37647387]It's around 1.7€/L in France, you guys have it easy.[/QUOTE] You can't compare gas prices internationally by currency because of cost of living, taxes, etc.
[QUOTE=-Get_A_Life-;37647387]It's around 1.7€/L in France, you guys have it easy.[/QUOTE] Comparatively*
[QUOTE=wickedplayer494;37647371][url]http://www.washingtonpost.com/business/oil-falls-to-near-96-a-barrel-in-asia-on-seasonal-downturn-us-reserves-release-speculation/2012/09/11/040531e8-fbd5-11e1-98c6-ec0a0a93f8eb_story.html[/url] [url]http://www.ctvnews.ca/canada/gas-prices-shoot-up-by-17-5-cents-in-montreal-hit-1-53-per-litre-1.952415[/url] Where I live, it rose to CAD $1.26/L.[/QUOTE] That's what it usually is around here in T., meaning it's probably back up near $1.30-$1.36 by now...
[QUOTE=Abrown516;37647451]You can't compare gas prices internationally by currency because of cost of living, taxes, etc.[/QUOTE] Not to mention the costs of shipping gasoline across an entire ocean instead of just across a border on land.
$4.33 here in Chicago suburbs. You know, not even mentioning the high taxes here to boot. [editline]13:37[/editline] Inner city prices are even higher.
[QUOTE=wickedplayer494;37647483]Not to mention the costs of shipping gasoline across an entire ocean instead of just across a border on land.[/QUOTE] Well technically isn't Europe closer to most sources of gasoline compared to the US? Also the average salary in the US is a bit higher and the cost of living either the same or even lower, you also have bigger roads with longer straights which kind of evens out the average bigger displacement mpg with our smaller cars mpg. So it might be a rough comparison but you are still probably paying less, the only thing that can balance it is that we have higher octane fuel then you have there. Here in Italy for example it's nearly 2 euros (~2,58$) per liter.
We pay about AUS$1.50 a litre here in Australia. I think there is 4L to a gallon so we're paying $6 a gallon
[QUOTE=BoSoZoku;37647571]Well technically isn't Europe closer to most sources of gasoline compared to the US? Also the average salary in the US is a bit higher and the cost of living either the same or even lower, you also have bigger roads with longer straights which kind of evens out the average bigger displacement mpg with our smaller cars mpg. So it might be a rough comparison but you are still probably paying less, the only thing that can balance it is that we have higher octane fuel then you have there. Here in Italy for example it's nearly 2 euros (~2,58$) per liter.[/QUOTE] Canada is a major oil exporter.
if only people came up with vehicles that use alternative energies to drive like electricity...............
Hell this might actually force people to seek alternate means of commuting.
[QUOTE=Isuzu;37647993]if only people came up with vehicles that use alternative energies to drive like electricity...............[/QUOTE] There are but in the end its a more expensive car, while being less useful, slower and more of a hassle with recharge times and finding a station that has a charging pump.
Hey cool, the 2nd article is about my crappy town! Last night I filled up at $1.41 CAN per liter, now its at $1.54 :/ Thankfully I bike to work but when winter comes around I am so fucked
[QUOTE=DeathDoom;37647488]$4.33 here in Chicago suburbs. You know, not even mentioning the high taxes here to boot. [editline]13:37[/editline] Inner city prices are even higher.[/QUOTE] Yep, it's about $4.20 outside of Chicago. It was quite a shock when I moved up here from Tennessee, where gas prices were $3.60. However, everything is much closer, and I take the train to work, so I don't drive nearly as much as I did in Tennessee.
[QUOTE=Isuzu;37647993]if only people came up with vehicles that use alternative energies to drive like electricity...............[/QUOTE] Well theres already a chevy volt, and I drove a hybrid car recently and honestly I can see why nobody wants one, they have no power behind them, it had so much trouble going over 70 that I was even scared to go on the highway with that piece of plastic. Saves money on gas I guess but I still wouldn't get one.
[QUOTE=DeathDoom;37647488]$4.33 here in Chicago suburbs. You know, not even mentioning the high taxes here to boot. [editline]13:37[/editline] Inner city prices are even higher.[/QUOTE] Ya its 4.30 in Lombard. Cross over into Indiana and it's usually 20-30 cents cheaper
Blegh. Good thing I got gas for the SUV on Monday. $40 got me roughly 12 gallons for $3.59. Plus, I drive on the turnpike twice a week which means that the SUV is getting better gas mileage and only uses half a tank rather than 3/4ths of a tank like last semester. On the other hand, next month will suck since I'll be going to class 21 days straight. Damn thing is going to eat a hole in my pocketbook.
that durn obongo
Gas prices are at 1.88 Euros a liter in the Netherlands. Watching Americans complain about gas prices pisses me off.
[QUOTE=V12US;37648313]Gas prices are at 1.88 Euros a liter in the Netherlands. Watching Americans complain about gas prices pisses me off.[/QUOTE] Yeah and watching the Dutch complain about their slightly not-on-time train system pisses me off. Seriously the reason our gas prices are low is because we don't have (good) high speed trains or (good) busses.
[QUOTE=Isuzu;37647993]if only people came up with vehicles that use alternative energies to drive like electricity...............[/QUOTE] Didn't some car company make a million dollar supercar that can do 600km on a single charge, and its top speed is something like 300km/h
Perhaps time to go back to basics :v: [url=http://en.wikipedia.org/wiki/Steam_car][img]http://www.stanleymotorcarriage.com/Stanley735%2010SEP05.jpg[/img][/url]
There is absolutely no reason for gas prices to be as high as they are. This is absolute bullshit and it's ruining lives. A prime example of what happens when the government doesn't step in and take charge with things [editline]13th September 2012[/editline] [QUOTE=V12US;37648313]Gas prices are at 1.88 Euros a liter in the Netherlands. Watching Americans complain about gas prices pisses me off.[/QUOTE] If you had to drive a couple hundred miles every week you'd be pissed off too. That's not to say it's reasonable for the prices to be as high as they are in Europe, but those changes hit Americans harder.
[QUOTE=Chernarus;37648058]There are but in the end its a more expensive car, while being less useful, slower and more of a hassle with recharge times and finding a station that has a charging pump.[/QUOTE] If only there was effort and money put into research on alternate tech so that those problems could be overcome.
[QUOTE=latin_geek;37648871]If only there was effort and money put into research on alternate tech so that those problems could be overcome.[/QUOTE] Expense won't be overcome unless they magically make it extremely cheap. And even if they do, they have to get back the RnD costs I guess.
Went from $3.40 to $4 since I last got gas. Hit me a whole $60 for a refill. [editline]13th September 2012[/editline] [QUOTE=V12US;37648313]Gas prices are at 1.88 Euros a liter in the Netherlands. Watching Americans complain about gas prices pisses me off.[/QUOTE] Again, as said, you can't compare internationally because the situation is entirely different. We don't have many good ways of public transport that are cheap and get us there as fast as you guys can.
[QUOTE=Biotoxsin;37648643]There is absolutely no reason for gas prices to be as high as they are. This is absolute bullshit and it's ruining lives. A prime example of what happens when the government doesn't step in and take charge with things [/QUOTE] are you joking me gas prices WILL go up, and there's nothing the government can do to prevent it in the long run
Welp, time to blame Obama -Republicans
[QUOTE=The First 11'er;37649298]Again, as said, you can't compare internationally because the situation is entirely different. We don't have many good ways of public transport that are cheap and get us there as fast as you guys can.[/QUOTE] Gas is $11 per gallon in Norway, and it's still expensive as hell to take public transport. The short 30 minute trip to my school is $15, or $150 per week. We earn more on average, but not [I]that[/I] much more.
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