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Is gas gonna go up

Started by Bigguy, Dec 07, 2018, 02:18 PM

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Bigguy

According to this article it might. The big oil companies just agreed to cut the number of barrels per day (bpd) they make. prices did go up per barrel yesterday I guess. I have no idea how long all this takes to filter down to the little guy like me but I don't think this is a good sign.

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chen_zhen


This likely means the CAD will go up also due to what I witnessed in the last trend.
It might be a good idea to start getting into the money market again.

Bigguy

Money market....hell ya have to have it first don'tcha, :lol

* Bigguy watches moths fly from his wallet.

Skhilled

I assumed it would go up sooner or later if nothing else because of the tarrifs. You push people, they push back. It will cripple the economy as we already have problems with hiring truck drivers and then higher prices will drive the prices of everything up. Make America great again? Yeah, right...

chen_zhen

Dec 10, 2018, 07:07 PM #4 Last Edit: Dec 10, 2018, 07:17 PM by chen_zhen
Why is Canada's oil so much cheaper than the rest?
ref.
https://oilprice.com/oil-price-charts




I just noticed a SMF bug... not sure if it's just here on WUB or SMF in general...

Skhilled

Actually, I saw an article two days ago saying it's gone down for us. Usually, it goes up in the winter. I guess we'll have to wait and see what happens.

Bigguy

It's down to 93.6 cents/litre here.

Skhilled

Damn! $2.51 here according to the news I heard two days ago and hovering around that in most places around here.

Bigguy

2.50 is a lot of cash for a gallon.

Skhilled

It was up to $2.80-90 just a bit ago. Our prices have always been high. It was over $3.50 about 5 years or so ago for a little bit.

Bigguy

Dude, that sucks big time. I'd be walkin....

chen_zhen

Quote from: Bigguy on Dec 11, 2018, 11:34 AM2.50 is a lot of cash for a gallon.

You realize that is 66 cents a litre?
That is cheap compared to what we pay.

Bigguy

Quote from: chen_zhen on Dec 11, 2018, 06:16 PMYou realize that is 66 cents a litre?
No I didn't realize that. Now you can laugh if you want but I had to google that to figure it out. I get it now. I didn't know how many liters were in a gallon. :blsh

Bigguy

Wait is that a US liquid gallon or an imperial gallon. There's a big difference there.

chen_zhen

U.S. liquid gallon

1 Gallon = 3.78541178 Litres

2.51 / 3.785 = 0.6631