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Up then Down, Then Up, Then Down, Summer Gas price Roller Coaster Ride

By 250 News

Friday, June 26, 2009 05:28 PM

Prince George, B.C. -  It is a weekend, right? It is the summer, right?
 
Then how come the price of a litre of regular gas just slipped by two cents?
 
While some stations in Prince George are still offering gas at 1.099,   we have found a couple ( Esso at 5th and Central, PetroCan, Turbo , Esso on the Hart) that dropped their price by two cents a litre this afternoon.
I
t is still too high says the Canadian Centre for Policy Alternatives:
“With today's crude oil price of $69.16 USD per barrel and the US dollar at $1.15 CAD, the price of regular unleaded gasoline in Prince George should be 98.4¢ per litre at normal profit margins.
At a price of $1.079 per litre, you are paying 9¢ per litre in pure excess profit. Across Canada, an extra margin of 9¢ per litre generates an additional profit of 9 million dollars per day”

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Comments

Criminal Campbell has to get his share too...
It went down a couple of cents becasue it is going to rise 6-9 cents p/l Wednesday
Criminal Campbell is going to add another 8 cents shortly for the wonderful, useless, money grabbing carbon tax....
are we ready for $1.30 buy the end of summer?
I wonder why he got re elected , we all where aware of his so called Carbon Tax.
Because only 48% of the eligable voter voted.
ACrider, your right on with that, a lot of people complain and if you were to get to the nitty gritty, they never voted, thus why give them the right to complain
Ahh the same old story. No one voted but they got in with a landslide again. I think that one is worn out. Obviously, the majority of those who voted believe that lying to the voters every time is no biggie. That's what they're teaching their kids eh?
The farmers only make 90 cents a lb. but the super markets sell it for 4.99 a lb. Thats the same way the oil industry works.
Whatever happened to 'gas wars'? These days we only get gas going up at 100 different stations all on the same day?.
He spoke wrote,
"ACrider, your right on with that, a lot of people complain and if you were to get to the nitty gritty, they never voted, thus why give them the right to complain"

You're not "giving" them the right to vote, unless you plan on taking everyone's rights away first.

Everyone who lives under this system has the right to complain. If someone doesn't want to vote, it's their bloody right, and just because fascists like you think they ought to choose the best of a bad lot, doesn't negate their right to not choose at all.

The reasons not to participate in our bipartisan popularity contest are just as numerous and valid as the ones in favour.

You make it sound like any other party would be different, history has shown us they're all the same, they're all taking us in the same handbasket, just some stop to let us get out and pee once a while, that's all.

I would appreciate it if the vocal minority who vote, would keep their hands off the silent MAJORITY's right not to.
well said. It just so happens that the ones who do vote,voted liberal majority. To me that means they don't care if we have liars leading the way. All the parties we have now want to rule us, not represent us. We have to look outside the box.
liberals equal liars, 49 seats elected
NDP equals socialism, 35 seats
Green Party is for the environment, 0 seats
BC conservatives, could not field enough candidates to make a an opposition let alone governing party. 0 seats
The other parties, 0 seats

From the 48% of eligible voters, only two parties received enough votes to win any seats. The rest did not win any seats. So those that cared enough to do their citizen duty made a resounding choice to stay with the status quo. Was it because most believed the the liberals were better? Was it a matter of most voters not willing to foot the bill for more socialism in an uncertain economy? Were they too afraid of change or to give power to untried and unknown politicos?

I think none of the above. I think that those that bothered to vote felt that the only viable government was already in place.

The price we pay for gas is not controlled by the government. In a market economy, the supplier will try to maximize his profits at the most opportune time and for gas that is during the peak travel season. Do I like paying the premium summer price? Not! CAn I do something about it? Yes! We travel less, we staycation. We maximize our trips to town by combining errands and planning ahead.

There is little else one can do until such time as our government (regardless of affiliation) not only allows but also enables alternative power vehicles on the road. There are more electric and power cell vehicles being developed all the time. The major stumbling block seems to be all the safety requirements. These safety requirements actually have more to do with creating a climate where the north American Auto Makers (NAAM) big three had a domestic advantage over imports. Now two out of the big three NAAM are insolvent and the third is making an effort to appear to be in the game. I still bought an import. It is better quality as proven by sales numbers and value retention. It also kicked the NAAM vehicles for fuel economy and standard safety options for the purchase price.

Sell your one ton dually crew cab you use mostly for getting to work by yourself and for your weekly shopping. Buy an economy car, move closer to your employer's work site, and car pool.

The price of fuel is not going to go down by much and it is definitely going to go up. Unless we en mass make decisions to use less petroleum and reduce demand, the oil companies will be holding us by the short and curlies. No worries though, this whole petroleum fiasco over the last 120 years will be be a non-issue by 2030. Read the reports and you will find that is the estimated time when there will be no more viable reserves left. What, you thought the oil would last forever? It took mother nature a few million years to cook up that stuff and we have become very proficient at extracting it.

In the 1970's, Jimmy Carter in a speech said, "In the next decade, we will have drilled more petroleum than has been extracted to this date." He was right, And so it goes for each succeeding decade. That is called exponential growth. It is a small part of something called a bell curve. Neat thing about a bell curve in regards to supply and demand is that the increasing slope is very much like the decreasing slope. With petroleum, the decreasing slope will a sheer drop. One day (somewhere in 2020 - 2030) you will go to the gas station for your $25 per litre go juice, and the tank will be dry, never to be replenished again.

Oh sure, there will be reserves in the ground, but they will not be reasonably viable. It will be very costly in energy units used to recover said reserves and in dollars. It does not make sense that a for profit company would input 2 or 3 energy units (and associated costs) to recover one unit. Translation, you don't use 3 litres of fuel so you can put 1 litre in a tank.