canada gas math ?
#46
Join Date: Mar 2014
Programs: AS
Posts: 194
As for me, I live quite close to the border so I often fill up across the line. With exchange it works out to close to $1/l at the moment. I also fuel up with premium gas, where in the USA the difference in price between 87 and 91/92 is minimal. In Canada, I could be paying upwards of 1.50ish/l. No thanks!
#47
Original Poster
Join Date: Dec 2009
Location: PEK & MKE
Programs: Amex-gold, Hainan-gold, Mrt-LT Titanium
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So in 2017, many say gas will be closer to $30 vs $50.
What will that translate to CA gas prices ?, & also if $30 a barrel , the CAD $ exchange rate ?
What will that translate to CA gas prices ?, & also if $30 a barrel , the CAD $ exchange rate ?
#48
FlyerTalk Evangelist
Join Date: Nov 1999
Programs: FB Silver going for Gold
Posts: 21,751
Let's not forget refiner margins. Need more refineries (Alberta should build a few).
There's also transportation costs? Kamloops seem to tap into the gasoline pipeline so fuel prices are lower there for the B.C. southern interior.
One could always buy a Volt but who knows how much in hydro bills one will have to pay.
There's also transportation costs? Kamloops seem to tap into the gasoline pipeline so fuel prices are lower there for the B.C. southern interior.
One could always buy a Volt but who knows how much in hydro bills one will have to pay.
#49
Join Date: Jan 2009
Location: YOW
Programs: AC E75 / Marriott Titanium Elite
Posts: 951
Gasoline prices are not completely correlated to the price of crude of course.
#50
Join Date: Dec 2009
Location: NB, Canada
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Posts: 2,531
Where I live, the price of gas is currently just under $1 (Can) per litre at the pumps. Of this, about 36 - 37 cents is tax.
Also, the cost of transportation, refining, etc are pretty consistent, regardless of the cost of oil.
#52
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#54
Join Date: May 2005
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#55
Join Date: Apr 2000
Location: Toronto, Ontario, Canada
Posts: 3,665
Old math
I once figured that if the C$ = US x 0.75, multiply the per liter price by 3 and that is US $ price per gallon (works for the previous post - check it out). Maybe it's up higher in this old thread that was just bumped. If you are a math whiz, you probably see that if you divide the US$ price by 3, that is the C$ price per liter at the 75 cent C$, which is correct today. I was on a road trip passing through the Tonawanda Seneca nation between Buffalo and Rochester where the price was $2.05 per gallon - so that would be 68 cents C$ per liter. On the way home, I stopped at Jay's Place on the Tuscarora reserve and went back via the nearby Queenston crossing to Canada. Jay was selling at $2.18 and Smokin Joe was $2.28 - Jay does not engage in price fixing because Joe is the one who advertises. Most people stop at those places for cigarettes but I don't mind missing out on that. Jay has a good breakfast place too.
#56
Original Poster
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#57
Join Date: Jan 2009
Location: YOW
Programs: AC E75 / Marriott Titanium Elite
Posts: 951
I can't quickly put my hands on an article I read recently, but I recall reading that higher gas prices are partially linked to the higher demand as the US economy improves, combined with limited refining capacity, which keeps gas prices higher, despite lower crude prices. I'm sure this isn't the only reason, but it does sound plausible as one reason.