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Up Three Cents for Regular

By 250 News

Thursday, June 18, 2009 04:03 AM

Prince George, B.C.- The price of a litre of regular gas has climbed three cents since yesterday.
 
It is is now being offered for $1.099 .
 
According to the Canadian Centre for Policy Alternatives’ Gas Gouge meter, that is 10.9 cents too high.
 
"With today's crude oil price of $71.12 USD per barrel and the US dollar at $1.13 CAD, the price of regular unleaded gasoline in Prince George should be 99.0¢ per litre at normal profit margins.
At a price of $1.099 per litre, you are paying 10.9¢ per litre in pure excess profit. Across Canada, an extra margin of 10.9¢ per litre generates an additional profit of 10.9 million dollars per day."

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Was there any doubt that they wouldn't be gouging and robbing us again this summer. What about the experts that said "Don't worry, you won't see prices as high as last summer" Just wait, you haven't seen anything yet. We pay double of what the US pays and we sit back and take it because we have no choice in the matter. Just like raising taxes.
Aaaaaaahhhh! The smell of Free Enterprise! Suck it up all you whiners. The 'carbon tax' is obviously working!
this is only the start....
criminal Campbell is going to add on another 8 cents with his wonderful carbon tax....and i would imangine the gas companies will add on addition costs this summer because of lack of gas inventory...like last year....(didn't see any gas stations with out gas though)...

so we could be facing $1.25 a liter or more ....

and no there is litle we can do about it...government could...but won't...
Yuck! And I was thinking it was bound to go down as I filled up the other day...Murphy's law and all.
The golden valley here at the mouth of the fraser is $1.139
less the nickel for transit is $1.089 so welcome to the big city life of taxation and free enterprise gouging
acrider54 said...We pay double of what the US pays...

Not quite true.

Regular (octane 87) currently sells for $3.00 US in southern california....and is steadily rising again.

In $CDN, that 90 cents/liter. A US gal is 3.78 liters and exchange rate is currently 1.13.....

Disposal of excess garbage shows the following cost comparison:

In Southern California, a trip to the dump costs $43.00 to drop off garbage with a small pickup truck. That is a minimum charge.

$4.00 at Quinn street transfer station is a bargain...don't you think????

All is not rosy on the other side of the fence.
Don't you just love the sound of the nugga nugga nugga of a diesel engine. Not only it cost more, My full size one ton diesel can go farther on a litre of fuel than a comparable gas engine, have more power and its about 20 cents cheaper per litre.

The financial situation in most countries around the world is volitile. If the the greedy pigs who dictate gas prices continue it could be what makes or breaks a country. I believe they were part of the problem with the economic situation. The high gas prices we seen last summer contributed to the mess that followed in the finacial sector. Canada needs to look after is people and NOT put all of our oil and gas on the world market. Only the excess! We have a freaking oil finery poluted our air everyday in Prince George and what is our prize for that? Highter gas prices than the mainland on most occasions. Boy are we stupid. But that's just my opinion and I'm not a greedy money pig so I dont count. :}~
He spoke. Cost of repair for your diesel is
a lot more than a gas engine. What does a fuel pump cost for your diesel? $5 grand? You have to turn your diesel off to order your timmies - 'cuse no one can hear your order. But, you are correct - diesel is cheaper...LOL
"99.0¢ per litre at normal profit margins."

So normal profit margins are what 600% ?
What a joke,this is one industry that should be regulated by the gov.There should be a max cap of say 250% profit on any industry that is a part of daily life.

Careful hespoke, can you recall a long time ago (last fall) when the cost of a litre of diesel exceeded that of regular gasoline?
Bfish, if one does what Caterpillar recommended back in the forties and fifties "buy clean fuel and keep it clean" plus change your filters on time, you will see that the diesel injector pump will outlive the gasoline pump in your tank by a long wide margin. But you're right, we have to turn off the engine to order our Timmies, tee hee knocka knocka ping.
metalman.
B Fish, well if you own a cummins or a cornbinder I would have to agree with you, they are noisy. Sure a diesel may have higher costs to replace parts on it. But if the average gas pot goes 250k, the Diesel will do 400k before you have serious problems, Thus I have extended warranty up to 160k.So over all, I believe that the diesel may cost more at the begining, but the value is in the increase in mileage and lower cost, for comprable power. Its probably saving me about 30% to 35%. So if I'm burning up five grand of fuel, I'm saving probably two grand a year. just on fuel, than another 50k in a 15 year plan, where I would go through two diesel trucks in that time while it would be three gas pots. So in the grand scheme of things, pay a bit up front and save later.

Touch wood that the truck holds up like it suppose too.
Actually the added transit tax in the lower mainland, Vancouver, is 7 cents not 5.
telus was on the radio today sying that there is lots of competion in Canada.

Canada has a giant problem with oligracy in many, many areas. to say nothing of the city country divide.

We realy, realy need some competion, but instead we will do another study and another committee to look into the problem.

When are we and the government going to say enought is enough?

Frank
telus was on the radio today sying that there is lots of competion in Canada.

Canada has a giant problem with oligracy in many, many areas. to say nothing of the city country divide.

We realy, realy need some competion, but instead we will do another study and another committee to look into the problem.

When are we and the government going to say enought is enough?

Frank
http://www.walrusmagazine.com/articles/2009.06-energy-an-inconvenient-talk/nobody seems to believe this but it is the real reason for high prices and it is going to get worse.
According to the National Posttoday, there are a lot of oil tankers and a couple of LNG tankers parked (moored) around the island of Malta, just waiting for the "demand" to go up. Maybe one day they will run out of tankers and leave the stuff in the ground, and then maybe they will lower prices just to rid themselves of it in the tankers. Phew!
If you tow heavy loads allot or pack a camper or something like that, then I don't think there is much doubt that a diesel is the way to go. It's a smart purchase for those needs. For most anything else, though, I don't think most people would ever recover the extra additional outlay and repair bills. It's one thing to just want a diesel (and that's cool), but buying one to "save money in the long term" usually doesn't work out given the trends of most of the buying public (getting rid of the vehicle WELL before the break even mileage, etc).
Besides, what 'nice' girl would accept a ride in a chugga chugga?
There is one thing about diesel trucks and longevity; the increased weight on the front end seems to cause what I call premature wear to the front suspension and steering components. My Cummins equipped one ton pick up is at 155K and the front axle u-joints and two of the ball joints are worn out. In addition, I have replaced three rear driveshaft u-joints, I guess because of the high torque. Nmg has a point, not everyone keeps their diesel pick up truck long enough to put 500,000 kms. on them so they really are not saving any money in the long term. The extra $6,000.00 or more for the privilege of a diesel engine is not made up quickly by savings of 10 to 20 cents per litre of fuel. If you use about 100 litres of fuel per week as I generally do, for 52 weeks, then twenty cents savings amounts to just over a thousand dollars, so on fuel savings alone it would take you six years to pay for the diesel engine. I think the real savings kick in when you use the diesel to it's potential, as when you are hauling and towing heavy loads. If you use your pickup as a highway princess, the diesel option costs you more.
metalman.
must be a long weekend coming.