14 years ago....boy we sure lived in different times!
https://abc7news.com/archive/6250899/
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14 years ago....boy we sure lived in different times!
https://abc7news.com/archive/6250899/
Yep, politicians are always going to politick.
If these gas prices go any higher, I won't be able to afford lottery tickets!
Proof we're living in a Matrix:
Attachment 419476
I’m no fan of the Jones Act but suspending it this summer wouldn’t lower East Coast prices. https://gcaptain.com/surging-tanker-...nes-act-fleet/
Noticeably fewer large trucks and SUVs on the road last weekend while driving the freeways. The ones that were out seemed to be hanging in the right lane doing less than the speed limit.
Diesel at $6.50/gal probably has something do do with it.
Nationalize the oil companies. Seize w military force. 2$ gal gas forever. Every us citizen gets oil dividend checks.
Problem solved
Don't laugh. As the volume needed plummets over the next 10 or so and the profit goes away years we'll be seeing wells shut in, pipelines close and refineries become unnecessary. There will always be a need for lubricants and other petro-products but as everything scales down it won't make sense to keep a lot of it functional. If the govt doesn't take over, industry and the military will come up short.
Global peak piston engine is estimated at 2030. That ain’t happening for years
That’s true, but as you intimated earlier some of the us problem is the Jones act makes transporting oil & refined products between us ports prohibitively expensive so for example Hawaii was importing Russian gasoline
the problem with nationalization is the temptation to underinvest for short term gain, something that snowballs
Talked w an oil guy yesterday. He said there is more oil in w Montana and the Dakota's than in all the middle east. He was also hammered. So there is that.
Eastern Montana
Wide contango in the gasoline futures. WTI is $20 off it’s recent high too. Lower prices ahead. https://www.cmegroup.com/markets/ene...ne.quotes.html
Noticed prices on a local station dropped >30 cents in the last couple days
Glad I sold the v10 430 rear F250 last year. Want an electric tow truck. Once the range hits 500 miles with a 10,000 lb trailer it’s gonna be over for combustion trucks.
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Hence the use of the word “once”.
Probably 2-4 years to get to the longer range.
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Hmmm, not seeing that here, yet. Just filled up last night at the "cheaper" place outside of town. $5.20 for regular. I think this is the first time I've paid over $5 in the states.
We just crossed 400mi on the E-cargo bike, so I figure we've now saved our first $100 in place of driving.
If the spot price is the same around the world for gas/petrol, why does the USA have to impose about $4 in Federal and State taxes? Can't we get a reduction?
Attachment 419777
^Overtaxed Cali boy crying about taxes. Huh.
If our gas taxes weren't too low to cover the costs gas creates we wouldn't even notice this nonsense.
without the subsides fuel on this side of the line in vangroovy is > 2.10 a litre X 3.9 = Canucks pay the equivalent of 8 $ a US gallon for the RUG
^^^
Man, Biden is screwing you guys too? Unbelievable
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I forgot to mention the exchange rate and I'm pretty sure the gas comes from a refinery in worshington so its even USA gas
there used to be refineries along burrard inlet all the way to IOCO ( stands for imperial oil co ) but I think now there is just what was always standard oil when I growing up in that hood
the good thing about the PG refinery ( Husky?) for up here is i think the fuel is more likely to be winterized, I 've been fuckered by summer grade Diesel I bought in Kamloops in early season when the temp goes to -20 at powder king and the TDi doesnt wana start
Don't think so, about the US as major supplier. Saw a Province Art which had the sources as Trans Mountain , then Burnaby then US refineries though their number for the US was trival amount so maybe they got that wrong.
Trans M is about 40 -60 K BPD of refined product, Burnaby per their web "we produce approximately 25% of Greater Vancouver’s gasoline and 30% of Vancouver International Airport’s jet fuel." When I look up the US exports to Canada from PADD5 its a tiny 5K BPD https://www.eia.gov/dnav/pet/pet_mov...X_mbblpd_a.htm
A lot of it's changed in the last year. It's a big part of my job so I have a little insight into it. Parkland in Burnaby has been putting out about 60% capacity for the last year and they aren't telling anyone, because they have a whole plethora of issues with various units. Suncor Terminal picked up some slack through their storage and youre right about TM, but lower mainland demand went crazy pants several months ago and they ended up importing a ton.
The other thing is Parkland being a prime JET-A supplier to Abby, YVR and Comox actually reduced a lot of production after filling up Westridge storage tanks over the pandemic. When things opened back up, they couldn't ramp up fast enough and thats where the US came in to support the supply. On top of that they went into "stand-by" when Transmountain shut down with the floods. The funny thing is they had rail supply available but they are very, very inefficient at offloading. The whole refinery needs a solid years shutdown and upgrade.
That said, anybody who tells you x happens all year round is full of shit. The ebb and flow of commodities to the lower mainland is one of the most hotly contested markets due to TM picking up slack from Pembinas bullshit, and Parkland not having their shit together for full refining cap.