Wonder what excuse the oil companies are going to come up for this one…hmmm, hurricane in New Orleans, our profits are not big enough or some refinery in lower Uzbehikstan sprung a leak…come on, a 9 cent jump is ridiculous!

We will bitch moan and whine about the price of fuel yet we will shell out the cash to keep our toys on the road. Even if the Feds or province were to step in there is very little they can do without changing the laws.

That is exactly whatg I’ve said all along. The feds need to change the laws as Joe Canada just can’t be gouged into the ground the way big oil companies are doing to us This is another reason why Canada needs an energy program to protect Canadians. If Harper can’t do it then kick his ass out of Ottawawa.

This is happening all over the country, I was wondering when it would hit us.

What we need is a government that has the balls to stand up ha-ha-ha..Thank the free trade agreement – Canada cannot sell its fuel for less than the US. Kinda sad……..

Mulcair is right. Time for Canada to become self sufficient in oil. Ship Alberta oil east, so we don’t import any. Keep refinery jobs here in Canada, and lower the price volatility.

A seven per cent increase in the price of gas is only the start. Wait for it: all sorts of goods will increase in price because of the cost of shipping products. Airlines will increase fuel surcharges and it goes on. You can bet that IF fuel prices come down the other increases will stay or be very slow to come down. People will be having to decide to drive or eat or not buy medication for their ills. If people have less money to spend, some business will cease to exist from lack of sales. It’s all called free enterprise which is an oximoron. I will be deciding priorities for the spending of what’s left of my pension after I pay for unfair medicare, MSP. carbon tax, HST and a host of other taxes, hidden and otherwise.

Lets all pick a day to book off sick and tell the corperations that we work for that we cant afford to come to work today because we cant aford the gas.How long do you think it would take for gas or the feds to get involved.

5 cents back on ever litre at Canadain tire gas bar.

Still $1.18 in Courtenay! We need a Costco gas bar here ?

$130.9 in Port Moody (that includes 15cents/L TransStink tax)
$120.9 where I work in Abbotsford.

When I heard the sound of a vacuum I just thought it was somebody house cleaning. It was actually the sound of PG gas retailers.

On the other hand, we bitch and cry when gas prices go up, but don’t blink an eye paying $1.50 for a bottle of water, or $4 for a fancy cup of coffee.

I know we need gas to get around. Just making comparisons is all.

Guess the oil companies are pissd off because were giving them such a hard time about their pipelines. LOL

The prices are rediculous but it’s supply and demand as long as people are dependent on oil based products , the oil company’s can charge what the like. You don’t think they laugh when they see the news and one gas station across the street from another has a difference of two cents a liter and the cheaper one has a line up of 30 cars waiting to get gas. As long as we need what there selling we are going to get gouged.

How about instead of waiting for the government to bail us out, we use less gas, own a few less toys, and buy a few less duellies. Crazy idea, I know.

“How about instead of waiting for the government to bail us out, we use less gas, own a few less toys, and buy a few less duellies. Crazy idea, I know”

That is crazy…you should be run out of town. Don’t you know by now that the government owes you a living?

I actually agree with anbody who states that it is up to us to use less gas, own few less toys and buy a few less duellies.

In Europe they are leading the way in buying fuel efficient vehicles. More than 50% of all cars for personal use are diesels. They are comfortable and available in all model line-ups.

Their driving distances are usually much shorter than ours, so we (who typically put many more kilometers on our vehicles on average) should be even more inclined to buy only vehicles which are capable of giving the very best mileage.

Gasoline will hit the two dollar mark soon.

I dont buy water, nor do I pay $4.00 for a cup of coffee.

We are being hosed by the Gas Companies, and by our Governments. Dont forget that there is a lot of tax on the price of gas, not the least of which is the Gordon Campbell Carbon Tax of 7.5 cents per litre.

When you have Governments who make money on the price of gas, and who make **more** money when the price goes up, you then have a conflict of interest.

We need a system in place that would reduce the amount of money that the Government receives on gas taxes after a certain level. This way the Government would make less money as the price rose, and would give them an incentive to keep the prices lower. Whats the chances of this happening? Absolutely none. Why? Because we are a nation of whiners and bitchers, and wont get off our butts, and give the Government hell.

We have 2 MP’s 2 MLA’s 1 Mayor, and 8 Councillors, and none of them will make a comment or suggestion as to how we can lower the price of gas.

In addition there are all sorts of other costs going up, and people on limited income can no longer afford all these increases. Those on high incomes are not affected the same way.

Time to start making some noises, and making these issues, election issues, along with car insurance, city taxes, cost of housing, etc; etc;. We dont need anymore politicians that at best feed us a bunch of BS, and build a few projects on our dollar and pretend they accomplished something.

The Liberal Government is now saying they are being squeezed by plunging natural gas prices, and expect a $200 Million bite out of the Provinces finances. Plus conditions in the BC economy have gotten tougher.

Soooooo. Where do you think they will get this loss of revenue from. Big business?? Not likely. Increase in royalities?? Not likely, Reduction in Government spending, and staffing.?? Maybe??

More likely some new insidious tax, for the average income earners of BC.

“Reduction in Government spending, and staffing.?? “

That would be a good place to start.

“… and none of them will make a comment or suggestion as to how we can lower the price of gas.”

Recently the B.C.Liberals announed that the carbon tax is under review and an announcement whether or not it will be scrapped will come soon.

The sooner it goes, together with the other Campbell misguided thing – the HST, the better.

Nobody else has a carbon tax in all of Canada, I believe.

Actually, a premier who didn’t see a long time ago that these two things are millstones from the past around her neck isn’t really clued in to what the people want or just plain stubborn, in my humble opinion.

Maybe it is time to bypass all levels of government and take the fight directly to the oil companies using a powerful tool that has caused governments to fall….social media.

What if the quarterly results for all the companies were compared and the one with the biggest profit was flagged for the following quarter,daily messages sent via facebook and twitter to fuel up elsewhere.

To come up with a number take the top line of the income statement “Gross Margin” and divide it by the number of outstanding shares, might look something like this:

Company Gross Margin Shares $/Share

IMO(Esso) 1.22billion 874,599,011 $1.3949

SU(Petro-Can) 4.96 billion 1,538,318,464 $3.2301

HSE(Husky) 1.356 billion 981.998.384 $1.38
(Mohawk)

Chevron and Shell are not listed on the TSE and with quarterly profits of 22 and 18 billion respectively might be hard to pull out Canadian numbers, but not impossible. BTW Gross Margins of $6 and $11/share:(

From the examples above, if Petro-Canada saw a significant drop in business after releasing numbers like that I’m sure they would do something to try and win back the business in the next quarter, maybe even have a lower price than the competition:)

As I mentioned in another thread, boycotting certain stations only hurts the local operator, who makes most of his/her money on convenience store items.

Buy oil company shares and collect the dividends. Much more effective.

Small local boycotts will hurt the station…you have to think BIG. If an oil company notices a big drop in business across a province or better yet across the country they will sit up and take notice pretty quickly.

They fight tooth and nail for every point of market share and a significant drop would cause some panic in the board rooms.

Sun Energy’s (Petro-Can)yield is only 1.569, nothing to write home about.BMO is 4.949 CIBC is 4.875 RY is 4.301 BNS 4.255 TD 3.775.

There is no reason given for this price jump whatsoever.

Crusty you know this won’t help your poorly managed economy one bit. Time to grow some and start with the fools tax, the carbon tax.

“Nobody else has a carbon tax in all of Canada, I believe.”

While that is true, some have higher provincial taxes. If we were to remove the carbon tax, then it looks like all provinces east of Manitoba would have higher provincial taxes on gasoline than BC.

I think the mistake was not so much the increase in provincial taxes to aligne with Ontario, for instance, the mistake was calling it a separate tax, especially identifying it by its true purpose, like a tax on cigarettes.

Speaking of which, it seems that there is a report out in the USA that indicates that a substantial increase in cigarette taxes would reduce smoking …… the things one learns, eh? ;-)

“Small local boycotts will hurt the station…you have to think BIG. If an oil company notices a big drop in business across a province or better yet across the country they will sit up and take notice pretty quickly.”

Right, so you agree with the sentiment of using everyone less gas and owning fewer toys and one ton pickups, etc. Just clarifying.

“interesting”

The web site is adding reverse slashes in front of quotation marks … ice touch … :-)
“see”

nice … NOT ice …. sticky keys ….

Get used to it

World wide production has flat lined

If we use less gas and buy less toys in Canada, then the gas and toys will be sold in other Countries.

The market for gas far exceeds the available supply, and oil companies do not have any problem getting rid of their product.

We need some controls on prices in Canada. Other oil producing Countries like Iran, Irag, Kuwiet, Libya, etc; have very, very, cheap local gas. Why not Canada.??? Because we are being suckered.

Even though we will soon be the third largest producer of oil in the World we are paying high prices.

One big mistake was the Conservatives and Liberals selling off Dome Petroleum to the Oil Companies.

The Government can control the price of gas by increasing the royalities every time their is a price increase. This would make it more difficult for the oil companies to increase their profits.

If they want increased profits they can increase the amount they sell, while keeping prices the same. This is a basic fundamental of business. Oil companies however want to do both. Increase the amount they sell and increase the price of the product.

“Other oil producing Countries like Iran, Irag, Kuwiet, Libya, etc; have very, very, cheap local gas.”

You know what, you’re right. Canada sucks!

I would suggest you move to these other fine countries, you know, for the cheap gas.

So Gus just what does the carbon tax do? Why is it there? Please clarify.

“There is no reason given for this price jump whatsoever. “

Lots of possible reasons for this jump.

1)Hurricane of the week – that’s always good for an excuse

2)US ambassador killed in Libya

2) Iran is about to get bombed into the after life.

and

4) Someone stole the key between 2 and 4…

JohnnyBelt. Your confused.

Canada is a great Country. Its the oil companies and the politicians who suck. Maybe they should leave the Country. You might want to go with them.

You can defend these bloody gougers, and miscreants if you want, however as far as Im concerned they are blatantly ripping off the people in this Country. It comes under the heading of Corporate Greed, and they get away with it, because our politicians have no gonads.

Again, I’m not sure why you believe it’s the government’s role to regulate the profits of the oil industry. All I see out of you is a lot of moaning and groaning, and not just on this issue.

Monopoly multinational capitalists abusing the free markets to gouge an unfair ransom out of our food budget IMO.

Interesting read

http://business.financialpost.com/2012/09/13/gas-prices-expected-to-drop-tonight/

Interesting read

http://business.financialpost.com/2012/09/13/gas-prices-expected-to-drop-tonight/