Gas went up 37 cents yesterday. How much are you paying?
By mmiller26
@mmiller26 (1930)
Canada
June 4, 2008 6:44am CST
I live in Ontario. Yesterday, I fueled up for $1.22 per litre when I saw the price jumping up to $1.32 at other stations. For you folks in the US, let me break this down for you.
1 US gallon is approximately 3.785 litres. So $1.32 is around $5.00 per gallon.
The price jumping 10 cents per litre doesn't seem like a whole lot, until you translate that into gallons. 10 cents per litre is 37 cents per gallon. I don't think Canadians quite realize just how badly we're getting hosed. And I think that if the price rose that dramatically overnight in the States, there'd probably be rioting.
I've noticed a pattern as well. Every Tuesday evening/Wednesday morning, the price jumps. And then over the course of the week it trickles down slowly again. Then come Tuesday/Wednesday it jumps again. How they can say there's no manipulation or collusion there, I don't know because it happens every week. I read the other day that oil had dropped several dollars per barrel over fears that the high price of oil was going to hurt demand. It went from something like $1.32 to $1.27 per barrel. So if the price has gone down, why is the price jumping at the pumps?
How much are you paying for gas right now, and where are you? Have you seen any significant price spikes recently?
2 people like this
5 responses
@mscott (1923)
• United States
11 Jul 08
Ours went up just befor the 4th of july and has stayed at 4.09 a gallon since. Oil prices dropped for 2 straight days and it didn't go down. Funny, cause every time oil prices go up so does what we pay at the pump. i think they know they have us and unless people just stop driving they have no reason to lower the prices. This is really going to hurt gas station owners cause they don't make a lot on gas. They get taxed high themselves for taking credit cards and people generally aren't carrying 100 bills around just to go to the gas station. They make money on soda, chips, smokes and all that stuff but when people are paying 75 bucks to put gas in they aren't happy or interested in buying a slushy which actually has a higher profit margin for the gas station.
@mmiller26 (1930)
• Canada
11 Jul 08
Yeah, I think it's interesting that the price of oil per barrel goes up and there's an immediate spike in gas prices. The price per barrel goes down and it takes over a week for the price to trickle back down.
Another thing I've noticed here in Windsor is that the price trickles down a tiny bit every day over the course of a week, but every Tuesday evening/Wednesday morning the price spikes back up again. How can it be market forces driving the prices when the spike is that predictable?
@gabreella (12)
• United States
11 Jul 08
i live in oregon and i've been traveling back adn forth between portland and eugene for family and i've been paying $4.17 to $4.36 for the past month adn a half. but its been at $4.36 for the past two weeks so hopefully it will sit or start heading on the downward trend.
@vicneedscoffee (1259)
• United States
4 Jun 08
It was $4.15 two days ago when I went by the station here in NY, USA. One of the reasons Canadians pay more for gas is because of the GST, PST and other taxes. 31% of your price is tax compared 10% for Americans. If your taxes were not so high you would be right inline with us.
Yesterday crude closed at $127.76 in the US which was .41 higher than the day before. It had hit $132 a week ago. About a week ago ours jumped to over the $4.00 mark. No matter where ya lives these gas prices hurt.
1 person likes this
@ZephyrSun (7381)
• United States
29 Jun 08
On Friday morning my husband filled up (he is an outside salesman so he travels about 1,000 miles a week) and he paid $3.84 a gallon, that night when he stopped again for gas it was up to $4.15 a gallon. So we had a $0.31 a gallon increase in about 8 hours. No rioting for us though I wish something would give on the price but I see it just getting higher and higher. If it makes you feel any better your dollar is now worth more than ours 
, sorry but it's the first time I can remember that ever happening.
, sorry but it's the first time I can remember that ever happening. 
@honeydew82174 (1720)
• United States
29 Jun 08
I live in wisconsin and gas here is $ 4.09 a gallon. They said by 2010 it should be up to $7.00. No one will be going to far from home at that price.
