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Thread: Gasoline Prices

  1. #1
    Debbie's Servant Lee's Avatar
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    Gasoline Prices

    Most years we see gasoline prices drop a little in the winter. This year in our town the price has slowly increased 75 cents since early November.
    Wonder how high it will be by summer?
    The increase has not been a big deal because we have not been out of town this winter.
    Since summer I put approx 1,500 miles on my car and Debbie put approx 2,000 miles since last winter.
    Last edited by Lee; 02-22-2021 at 11:20 PM.
    Lee
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  2. #2
    skibum69 skibum69's Avatar
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    Boo hoo, try living with Canadian prices or better yet go to Europe and see what you pay.
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  3. #3
    Debbie's Servant Lee's Avatar
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    Quote Originally Posted by skibum69 View Post
    Boo hoo, try living with Canadian prices or better yet go to Europe and see what you pay.
    I realize our prices are cheaper. My point is I'm surprised to see a 75 cent price increase during the winter.
    Lets not get off topic so early.
    Lee
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  4. #4
    Registered User GTRider's Avatar
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    I suspect itís tied to elasticity of demand and supply. As you pointed out, people have drastically curtailed travel this past year. Heck, we bought a new vehicle for my wife last March and this week took it in for the first oil change at 3k miles. With demand down the refineries tend to cut back, inventory gets reduced, and when demand starts to come back or is anticipated to come back then prices get bumped. I expect to see even larger increases as the year goes on and people have more confidence in getting out and about.

    Best,
    DeVern
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  5. #5
    Quote Originally Posted by Lee View Post
    I realize our prices are cheaper. My point is I'm surprised to see a 75 cent price increase during the winter.
    Lets not get off topic so early.
    Remember when the price of Brent crude went negative. People were paid to take it and store it. With crude oil as cheap as it was gasoline prices could be even lower than they were.
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  6. #6
    Registered User AKsuited's Avatar
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    Airplane and car travel expected to increase, and then there's the politics to deal with... Pricing is done ahead of time, looking forward. It helps the markets allocate resources.

    Harry
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  7. #7
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    In the PNW gas prices have gone up 30 to 50 cents since 11/1/2020.
    Regular here is about $3.00.
    Last edited by EUGENE; 02-23-2021 at 02:50 AM.

  8. #8
    RK Ryder
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    Up until last week our regular gas prices in Ontario have been quite reasonable (to what we are used to) at around the dollar mark, give or take, per litre or approximately $4.00 an American gallon. However the prices soared between $1.15 topping out to $1.22 a litre or a little over $5.00 a US gallon.

    One of the advantages of travelling in the US (pre-COVID) was your lower fuel prices, despite the major difference in our dollars.

    If your regular gas prices are around the $3.00 mark for a gallon, it is still a bargain for Canadian travellers, that is, if the border were open and the two countries were COVID free. :smile
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  9. #9
    Watch This!!! junkjohn's Avatar
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    Quote Originally Posted by skibum69 View Post
    Boo hoo, try living with Canadian prices or better yet go to Europe and see what you pay.
    I thought the big difference is the tax on the fuel in those countries.
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  10. #10
    Quote Originally Posted by skibum69 View Post
    Boo hoo, try living with Canadian prices or better yet go to Europe and see what you pay.
    I went to England three years ago. Rented a Nissan SUV diesel stick shift. It got close to 70mpg... AN SUV! Me and my parents friend from the 60’s, Clive did the math over dinner. With their better fuel economy and higher prices, our worse fuel economy (can’t get those efficiency models in the US for some strange reason) and lower prices... we were paying the exact or near exact (actual milage and fuel cost varies slightly from model and region) per fuel costs mile.

    What a strange coincidence... almost by design.
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  11. #11
    skibum69 skibum69's Avatar
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    Last time I bought gas we were up to $1.27 which is a bit of a climb over the last couple of months. With Newfoundland's economy in the toilet they doubled the provincial gas tax otherwise it would be a bunch cheaper and yes the price of gas in Canada has a lot of tax in it but I don't know the numbers. Diesel has just gone back to being higher than gasoline again, for awhile it was lower.
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  12. #12
    RK Ryder
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    Quote Originally Posted by skibum69 View Post
    gas in Canada has a lot of tax in it but I don't know the numbers. Diesel has just gone back to being higher than gasoline again, for awhile it was lower.
    Overall, we in Canada do seem to pay a lot of tax but a portion of that pays for our health care, permitting us to have any medical procedure, simple or complicated, with no fees attached.
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  13. #13
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    Well elections have Consequences. The new administration is anti energy. So that will cause increase in fuel prices. Wholesale gasoline was 1.25 in December. It’s 1.86 per gallon today. Just wait until they implement the “green new deal”

    As far as mileage in England. Smaller engines yeah, but they use a different gallon. The imperial gallon is much bigger than the US gallon thus just by that you get a higher “mileage” miles per gallon.
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  14. #14
    not so retired henzilla's Avatar
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    Be careful on the politics gas pedal please.

    Our prices have been low since last Spring, even diesel was around $2.00 for some time. The Texas Valentines Freeze shut down refineries and delivery so another justification for increased prices already. After paying over $4 a gallon for diesel a few years back, I donít dwell on prices.

    Got out and used non- corn 89 yesterday. .70 cents more than corn sqeezinsí but wanted to run a tank through this bike.

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  15. #15
    Debbie's Servant Lee's Avatar
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    Quote Originally Posted by GTRider View Post
    I suspect itís tied to elasticity of demand and supply. As you pointed out, people have drastically curtailed travel this past year. Heck, we bought a new vehicle for my wife last March and this week took it in for the first oil change at 3k miles. With demand down the refineries tend to cut back, inventory gets reduced, and when demand starts to come back or is anticipated to come back then prices get bumped. I expect to see even larger increases as the year goes on and people have more confidence in getting out and about.

    Best,
    DeVern
    Makes sense.
    Lee
    2016 R1200RS
    MOA # 30878
    Past BMW Bikes: 2011 K1300S, 2003 K1200RS, 1991 K75S, 1987 K75T, 1984 R100RT

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