Hurricane Rita and gas prices

[bluepeter]

the big difference between katrina and rita as far as the gas prices is this. i dont believe the refineries shut down prior to the storm hitting.

whereas here, all the refineries shut down yesterday so production stopped. texas has the most refineries in the nation. i suggest filling up and not going anywhere for two weeks.

What do you think sponge? You're pretty knowledgeable in this area. Canada is an oil exporter and we have all our own stuff in terms of refining and capacity etc. Why the hell are we seeing huge jumps in gas prices when the US gets hit with these hurricanes?

 

[SoKlueles]

that is soooo crappy

 

[eat big]

That's why I filled up yesterday.

 

[gtrcivic]

if rita is as strong and deadly as predicted, it will knock the rest of the oil refineries that are left in the gulf...heck the size of rita is almost 1/2 the size of the gulf of mexico...holy moly....

Costco by me is totally out of gas last night at 6pm....def have to fill up before tomorrow, i'm sure prices will spike sharply again

 

[spongebob]

What do you think sponge? You're pretty knowledgeable in this area. Canada is an oil exporter and we have all our own stuff in terms of refining and capacity etc. Why the hell are we seeing huge jumps in gas prices when the US gets hit with these hurricanes?

because there are many factors affecting the price of gasoline.

right now its fear of shortages. it is sold as a future and these guys buy and sell on fear and speculation.

 

[bluepeter]

because there are many factors affecting the price of gasoline.

right now its fear of shortages. it is sold as a future and these guys buy and sell on fear and speculation.

The only way we in Canada could be affected by shortages is if we are increasing our exports to the US to alleviate your issues. So in other words, we're getting screwed because all our shit is heading south to help out. Sweet.

 

[HiDnGoD]

Gas prices in Woodstock, On. hit $2.25/L this A.M., & they're $2.00/L here in Kitchener. $2.25 is around $7.65 gallon, I think.
We're getting screwed because they can. There is collusion & the governments in on it, because taxes are a percentage here & not a flat rate.

 

[bluepeter]

Gas prices in Woodstock, On. hit $2.25/L this A.M., & they're $2.00/L here in Kitchener. $2.25 is around $7.65 gallon, I think.
We're getting screwed because they can. There is collusion & the governments in on it, because taxes are a percentage here & not a flat rate.

Are you serious? That's total bullshit. $2.25 a litre is $8.50 a gallon.

 

[manny78]

The only way we in Canada could be affected by shortages is if we are increasing our exports to the US to alleviate your issues. So in other words, we're getting screwed because all our shit is heading south to help out. Sweet.

Eastern Canada still gets its oil from Norway I believe because it's less expensive than refining and importing oil from Alberta.

 

[alien amp pharm]

Crap, I don't get paid until tommorrow morning. I will be screwed at the pump more than likely.