95.5 cents per litre! Holy Cow!

Discussion in 'After Hours Lounge (Off Topic)' started by Moe Maishlish, Jul 9, 2005.

  1. Moe Maishlish

    Moe Maishlish Supporting Actor

    Joined:
    Mar 30, 1999
    Messages:
    992
    Likes Received:
    0
    Trophy Points:
    0
    When I left the house this evening to pick up my girlfriend, the price of gas was at around 88 cents per litre (I'm Canadian... in canada we do it by the litre, so in the US that would equate to what... 19 cents per gallon roughly?). Anyway... on our way home, I noticed the needle on my gas guage was getting mighty close to the E line, so I checked the price of gas at the next gas station, and was I ever surprised to see it up to 95.5 cents (21 cents per gallon)!

    What the hell?!? [​IMG] [​IMG]

    Last week I filled my tank at 78.8. How the hell did the price of gas go up nearly 17 cents in less than a week?!?!? Does this have anything to do with the london bombing, or are the gas companies trying to start this quarter off in the black?

    I think it's time I start considering a hybrid...

    Moe.
     
  2. Thomas Newton

    Thomas Newton Screenwriter

    Joined:
    Jun 16, 1999
    Messages:
    1,553
    Likes Received:
    37
    Trophy Points:
    1,610
    A litre is a fraction of a gallon. If I remember the conversion factor correctly, 88 Canadian cents per litre translates to about 3.39 Canadian dollars per gallon.

    Last time I filled up, I paid about 2.43 US dollars for each gallon of 89-octane gas. I'm glad I drive a small car, instead of a hulking SUV!
     
  3. Danny Tse

    Danny Tse Producer

    Joined:
    Nov 1, 2000
    Messages:
    3,185
    Likes Received:
    0
    Trophy Points:
    0


    That's quite a bargain! I just saw US$2.65/gallon for 87-octane regular unleaded. We in the San Francisco Bay Area get to pay some unbelievable ga prices when compared to the rest of the US.
     
  4. brentl

    brentl Cinematographer

    Joined:
    May 7, 1999
    Messages:
    2,921
    Likes Received:
    1
    Trophy Points:
    110
    $2.65 = about $3.22 Canadian for 3.78 litres or about 85 cents a litre.

    This still means you folks are about 25 cents cheaper for every U.s. gallon.

    OH and for fun divide 3.22 by 3.78 it's pretty cool what happens.
     
  5. Craig S

    Craig S Producer
    Supporter

    Joined:
    Mar 4, 2000
    Messages:
    5,780
    Likes Received:
    230
    Trophy Points:
    9,110
    Location:
    League City, Texas
    Real Name:
    Craig Seanor
    Here in Houston we pay some of the lowest prices in the nation. On Sunday I filled up at $2.11. By the end of the week prices were up to $2.25. Fourteen cents in five days is pretty bad.

    Why?? The rise started before the bombings. A lot of it is due to disruptions in production caused by TS Cindy last week. And it's going to get worse, as monster Cat 4 Hurricane Dennis has pretty much shut the Gulf of Mexico down.
     
  6. Jeff D Han

    Jeff D Han Supporting Actor

    Joined:
    Mar 2, 2003
    Messages:
    566
    Likes Received:
    0
    Trophy Points:
    0
    Yeah, I just paid $2.36 for 89 octane this
    morning at a super Wawa, and they always have
    the cheapest gas in this area. I don't do any
    unnecessary driving anymore- it costs too much.
     
  7. NickSo

    NickSo Producer

    Joined:
    Jul 2, 2000
    Messages:
    4,260
    Likes Received:
    0
    Trophy Points:
    0
    Real Name:
    Nick So
    uhm, its been hovering around 99.9 over here in vancouver for awhile...

    last night it was 105.5

    [​IMG]
     
  8. Vincent Matis

    Vincent Matis Second Unit

    Joined:
    Jun 1, 1999
    Messages:
    491
    Likes Received:
    0
    Trophy Points:
    0
    Here in Belgium: 1.5 (US$) / liter !!! Around 6 US$ / Gallon !
    For a 95 octane
     
  9. Malcolm R

    Malcolm R Executive Producer

    Joined:
    Feb 8, 2002
    Messages:
    13,238
    Likes Received:
    897
    Trophy Points:
    9,110
    Real Name:
    Malcolm

    Well, that's super-mega-ultra-premium at 95 octane. No wonder it's expensive.
     
  10. Vincent Matis

    Vincent Matis Second Unit

    Joined:
    Jun 1, 1999
    Messages:
    491
    Likes Received:
    0
    Trophy Points:
    0

    There's only 95 and 98 octane here... Plus what we call "diesel" (at 1.21 US$ / liter)
     
  11. Jeff Ulmer

    Jeff Ulmer Producer

    Joined:
    Aug 23, 1998
    Messages:
    5,584
    Likes Received:
    0
    Trophy Points:
    0
    As long as people keep buying gas, the prices will continue to rise for artificial reasons. It's not like production costs have changed, especially since with a vertically integrated industry the same company controls the product from the ground to the pumps.

    Regular gas has been sitting at 93.5 cents/litre for quite a while, up to 98.9 at one point.

    Also, with oil at $60 a barrel, producers can't get it out of the ground fast enough, so it's not a supply issue.
     
  12. Malcolm R

    Malcolm R Executive Producer

    Joined:
    Feb 8, 2002
    Messages:
    13,238
    Likes Received:
    897
    Trophy Points:
    9,110
    Real Name:
    Malcolm

    Wow! I'm not even sure we have 95 octane in the US. My family's station offers four octane grades: 87-89-91-93. We used to offer 94, but some law was passed banning the process/additives used to make it, so we had to downgrade to 93. Octane 87 is the most popular grade, though.
     
  13. Tim Hoover

    Tim Hoover Screenwriter

    Joined:
    May 27, 2001
    Messages:
    1,422
    Likes Received:
    0
    Trophy Points:
    0
    You know, we've had bigass hurricanes hitting the Gulf Coast all the time, yet they've never affected gas prices before...methinks this is a convenient excuse by the oil companies to jack prices up yet again. It's absolutely amazing how many people can't put the high price of gasoline together with the "Oil companies enjoy record profit year!" headlines and draw the obvious conclusion.
     
  14. BrianB

    BrianB Producer

    Joined:
    Apr 29, 2000
    Messages:
    5,205
    Likes Received:
    1
    Trophy Points:
    0

    The price for a barrel of oil 'jumping up' isn't even affecting delivery right now - it's a futures market, it's the price to buy one /next/ month.
     
  15. andrew markworthy

    Joined:
    Sep 30, 1999
    Messages:
    4,762
    Likes Received:
    12
    Trophy Points:
    0
    [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG]

    Whatever you do, don't come to the UK - you'll probably all have seizures on the spot when you see petrol (sorry, I mean gas) prices in the UK. Out of consideration for your sensibilities, I'm not going to tell you what they are.
     
  16. Jeff D Han

    Jeff D Han Supporting Actor

    Joined:
    Mar 2, 2003
    Messages:
    566
    Likes Received:
    0
    Trophy Points:
    0
    It seems that the prices are always high during
    the summer. Why? Because oil companies know that
    we take our vacations and travel now. Supply isn't
    the biggest reason that prices get raised- demand
    is. Unfortunately us consumers have to put our foot
    down and cut back on spending- it's the only thing
    we can do to try to keep prices reasonable.
     
  17. WillG

    WillG Producer

    Joined:
    Jan 30, 2003
    Messages:
    5,864
    Likes Received:
    282
    Trophy Points:
    9,110

    prices will probably go down a bit during during the fall/winter months. But they sure won't go down to where they were last fall/winter.
     
  18. mark alan

    mark alan Supporting Actor

    Joined:
    Nov 19, 2002
    Messages:
    620
    Likes Received:
    0
    Trophy Points:
    0


    That is because we have reached the point of maximum world production of oil. From this point on, you will see nothing but declining production and increasing prices.

    Oil will be 100/barrel by next year.
     
  19. brentl

    brentl Cinematographer

    Joined:
    May 7, 1999
    Messages:
    2,921
    Likes Received:
    1
    Trophy Points:
    110
    This speculation has been raising world oil prices for 6 months now. It's almost like they say "Look guys, the sun is rising, that means people will be driving, UH OH, time to speculate some more."

    Brent
     
  20. Scott L

    Scott L Producer

    Joined:
    Feb 29, 2000
    Messages:
    4,457
    Likes Received:
    1
    Trophy Points:
    0
    Yea but how much do you drive everyday? [​IMG]
     

Share This Page