Gasoline Prices Keep Falling
Prince George, B.C. – Well the price of gasoline just keeps on dropping in Prince George and there is no sign trend is going to continue.
One week ago, with the price of a litre of regular at 85.9 cents at Costco we posed the question, could an 80-cent litre be far off? Apparently not. Regular at Costco, the leader in local gasoline price reductions, is pegged at 81.9 cents. The nearest competitor is charging 85.9. The highest price in the city is 89.9.
And the downward trend continues right across the country. The national average is 90.24 cents a litre, the BC average 98.8 and headed lower.
The crude oil price is now $47.12US/barrel, and BP is predicting that crude will remain in the $50 to $60 per barrel range for the next two to three years.
Great news for motorists, not so great for the province of Alberta.
Comments
Can you say pst Alberta?
I might shed a tear! Nope.
Yup, keep up the delusion this won’t affect you negatively. Good luck with that.
That’s what happens when Alberta only has an oil and gas industry. Oil sands is a huge environmental disaster. High cost to produce. transportation industry spends 60% of gross revenue on fuel. High fuel cost are largly resonsible we can not compete globally with our high cost of Canadian labour. High fuel prices = high cost of living.
Guess Enbridge will be reassessing their plans now, aye?
Some really good deals on toys coming.
Huh
“Guess Enbridge will be reassessing their plans now, aye?”
Don’t kid yourself, the big guy will win eventually. After they starve the little guys into believing that the pipeline, Site “C” and LNG will be the only savoir because unemployment is at an all time high..
I do not think the unemployment what effect the first Nations communities one little bit
Not sure were aboriginals tie into this, but I guess it makes for some off topic conversation. Ha,ha
Is OPEC to blame for the decrease in the cost of a barrel of oil?
metalman.
20 cents more in the bulkley valley
increasing Oil exports out of Russia along with US energy independence and Islamic terrorists knocking on their door Saudis took steps to protect themselves. A big part of the terrorist funding is selling oil.
8: “That’s what happens when Alberta only has an oil and gas industry. Oil sands is a huge environmental disaster.”
Pretty easy to say when you live off the wealth the oil sands and other resources provide.
What’s the enviromental disaster?
Lol. Nope JB. Just sitting back listening to your complaining every time a teacher or union employees demand a higher wage. On the other hand you promote oil companies and higher fuel prices. I hope your next elevator in your mind is Deisel powerd. At least the shareholders will get some value out of your thinking.
Its sad how quickly people piss all over Albertans. You know they are Canadians just like us right?
8, you (and NoWay) might take extreme pleasure that the Canadian economy is suffering and people are losing their jobs because of low oil prices, but some of us see the bigger picture.
Findme , yes they are canadians just like us , Stupid . 1.6 % of canadians work in the fossil fuels industry . If you want to find jobs in the fastest growing energy sector . Jobs that will last forever . Visit Shineontario.com
SM the rapidly growing disaster is the poisoning of the Athabaska river . Which will further poison the Arctic Ocean .
Ataloss: “Findme , yes they are canadians just like us , Stupid . 1.6 % of canadians work in the fossil fuels industry .”
You ignore the thousands upon thousands of jobs that support the resource industries (supply and service companies), let alone the other businesses that indirectly benefit like hotels, retail, and restaurants. Like I said above… big picture.
But go ahead, keep on perpetuating the falsehood that resource industries are no big deal in this Country.
OPEC and the states are controlling the price of oil to ruin Russia economically. We all know the oil industry is volatile and the price of a barrel of oil fluctuates by rumours and potential wars or weather. People who chose to work in the industry are gambling that they will have a job or not. Let’s hope the price stabilizes above the cost if what it takes to extract. We all rely on the gas and oil industry.
Do you have data on the river? You do realise oil from the sands has been leaching into the river and streams since the oil sands formed.
I guess you didn’t look at the ” solar information ” portion of shineontario.com site . I don’t think the resource industries are inconciquencial but I’ve seen enough cycles to understand that resource industries are cyclical and once the resource has been removed the game is over , forever .
Posted on Saturday, January 17, 2015 @ 1:55 PM by JohnnyBelt
8, you (and NoWay) might take extreme pleasure that the Canadian economy is suffering and people are losing their jobs because of low oil prices, but some of us see the bigger picture.
When I have to pay $1.50 per litre for fuel to get to work to support a trades person earning $3-500,000 per year. Sympathy train derailed.
Waste of Time J.B. too many people living in the now!
That’s right 1965 . We need good high paying jobs now . Solar could provide those jobs now . As housing starts are flatlining across the country ( big picture ) a vibrant solar industry would gobble up all the electricians canada has to offer and then some . Read the stats . Dollar for dollar ,it provides the biggest job creation of all the energy fields . And it’s all off the shelf stuff . Just add brains ( engineering) . Its going to happen sooner or latter in canada . The usa and China are leading the way now . The USA already has as many people employed in the solar industry as they have coal miners 174,000 last year and growing at a staggering rate . By the time site C is built there will be no market for the juice . Califournia is leading the states .
8: “When I have to pay $1.50 per litre for fuel to get to work to support a trades person earning $3-500,000 per year. Sympathy train derailed.”
“Who cares about them? It’s all about me, me, me”. Yes, it’s unfortunate that many see things the same way you do.
This will affect a lot of folks who get great wages out in Alberta and elsewhere that live here, and a lot of businesses throughout our province.
I do like the lower gas prices but greed kept it going upward. Now we’re stuck with a bunch of companies and contractors who are worried and from what I’ve heard it ain’t going up anytime soon. Pros and Cons to this in a big way.
P Val, the US is not controlling the price of oil. The Saudis didn’t like the fact that Canada and the US were becoming less reliant on imported oil, and are now trying to bankrupt us both.
And with over $768 billion in reserves, they (the Saudis) can afford to wait it out.
Lol! If the U.S. isn’t stockpiling the cheap oil they are dumper than all the Bushes combined.
Oil is cheap the sky is falling, the sky is falling! When people have more money in their pockets to spend the economy is hurt how? Maybe all the laid of oil patchers can help build site C instead of importing a bunch!
Oil was 25.00 a barrel in 2003 and no one could explain why it went up so high. Maybe the oil companies will have to pay their workers a more reasonable wage. Canada will survive with cheap oil, maybe Alberta will hurt but the people there can always move. Sound familiar?
Need a foil hat JB? The sky is falling!
Wow. Better quit while you’re behind, NoWay. Back to the kiddie table for you, the adults are having a conversation.
Ataloss, solar, in Canada, you’re kidding right.
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