Prediction on Gas Prices this summer?
#1
Registered
Thread Starter
Prediction on Gas Prices this summer?
Calling all fellow Canadian RX-8 owners! Yesterday marked the 13th year I have taken my Rex out of winter storage. Getting it ready this week for another driving season.
Having said that, it looks like all of us here are going to take it up the you know where without lube thanks to carbon tax/price increase. Today, local prices hit $1.33 per litre. This is March 9. Last year, filling up from 1/4 tank, I was spending $50-$55 per fillup (avg. premium price was $1.45 or so).
What does everyone think gas prices this year will be? Considering its more or less my summer daily driver, I am worried this is going to be a very expensive year to run this car.
Having said that, it looks like all of us here are going to take it up the you know where without lube thanks to carbon tax/price increase. Today, local prices hit $1.33 per litre. This is March 9. Last year, filling up from 1/4 tank, I was spending $50-$55 per fillup (avg. premium price was $1.45 or so).
What does everyone think gas prices this year will be? Considering its more or less my summer daily driver, I am worried this is going to be a very expensive year to run this car.
#2
“Whale-oil-beef-hooked”
Moving over to this thread.
We have many different fuel suppliers who swear on their children’s heads that there’s no price fixing. Funny how they’re all within a tenth of each other. Also funny how some mysterious occurrence or far away shortage jumps prices by $0.20 per litre overnight. Even more funny how this takes place prior to a long weekend.
We have many different fuel suppliers who swear on their children’s heads that there’s no price fixing. Funny how they’re all within a tenth of each other. Also funny how some mysterious occurrence or far away shortage jumps prices by $0.20 per litre overnight. Even more funny how this takes place prior to a long weekend.
The following users liked this post:
Neo (03-09-2021)
#3
I am The One!
You're lucky you got to put away your ride for the winter. I daily drive my 8. Even then, I only spend $40 a week for fuel. Usually gives me about a week and a bit before having to put more fuel into the tank. Granted, this is with us locked up. Now that driving season is soon approaching, I know for sure it'll be $80-140 some weeks... c'est la vie... at least we're not paying the price they pay over in Europe.. ouch!
#4
Smoking turbo yay
Moving over to this thread.
We have many different fuel suppliers who swear on their children’s heads that there’s no price fixing. Funny how they’re all within a tenth of each other. Also funny how some mysterious occurrence or far away shortage jumps prices by $0.20 per litre overnight. Even more funny how this takes place prior to a long weekend.
We have many different fuel suppliers who swear on their children’s heads that there’s no price fixing. Funny how they’re all within a tenth of each other. Also funny how some mysterious occurrence or far away shortage jumps prices by $0.20 per litre overnight. Even more funny how this takes place prior to a long weekend.
Granted, I don't own a rotary anymore, but I have something worse on gas as a replacement so...
#6
I am The One!
I've picked up my 8 almost 3yrs ago now. Daily driven. Has about 88k on the clock. Stronger than ever really. As long as you let the engine breath and exhale properly, I don't see why you would need to constantly do a compression test... Just a form of torture you prefer?? lol
#7
“Whale-oil-beef-hooked”
Self inflicted torture true. I’m starting to feel slightly obsessive compulsive with a side order of paranoia.
After refreshing the coils and replacing the mid pipe I’ll have a more comfortable base to monitor how things are. I’m still new to this engine and how it exhibits problems. Car performs well based on my sample of one.
After refreshing the coils and replacing the mid pipe I’ll have a more comfortable base to monitor how things are. I’m still new to this engine and how it exhibits problems. Car performs well based on my sample of one.
The following users liked this post:
Neo (03-10-2021)
#8
I am The One!
Self inflicted torture true. I’m starting to feel slightly obsessive compulsive with a side order of paranoia.
After refreshing the coils and replacing the mid pipe I’ll have a more comfortable base to monitor how things are. I’m still new to this engine and how it exhibits problems. Car performs well based on my sample of one.
After refreshing the coils and replacing the mid pipe I’ll have a more comfortable base to monitor how things are. I’m still new to this engine and how it exhibits problems. Car performs well based on my sample of one.
#9
Smoking turbo yay
The best highway tank I had on my 8 was 20 MPG. 17 sounds a little low but if you are driving fast then it isn't too unreasonable.
If you haven't done the coils and don't know their history, I would definitely swap them out.
#10
“Whale-oil-beef-hooked”
More whining - $1.76 today for premium. Looking for $1.98 by summer.
Granted I live in the heart of fuel protest land so there’s probably an obnoxious tax imposed for the area.
Granted I live in the heart of fuel protest land so there’s probably an obnoxious tax imposed for the area.
#11
I am The One!
Which reminds me.. I gotta put fuel in the beast after work... Here's hoping it'll be reasonable at that hour...
#12
Smoking turbo yay
So it's not just carbon tax, something else is going on.
#14
Registered
Thread Starter
Just filled er up today for the first time this year from a tad over half a tank after getting my spring oil change/maintenance done. Premium here was 1.58. $33 bucks for a fill.
#15
Registered
Thread Starter
#16
Smoking turbo yay
Greater Vancouver Area. Nuff said.
#17
“Whale-oil-beef-hooked”
Yup - the land of the protester. Suburbs of Vancouver. Go a few hundred km from here and it gets much cheaper. And like Jinx stated, the extra costs don’t reconcile with the local taxes. There’s a little something extra for the inconvenience at the pipeline termination in Burnaby. Lots of very polarized people here.
#20
I am The One!
#21
You gonna eat that?
iTrader: (1)
If last year was that bad, I can imagine this year.
There are many reasons for the current crisis, with many people just believing and parroting whatever source of news (or FAKE NEWS as many say) they consume and are unwilling to look deeper into the issue.
The Russia invasion of Ukraine and subsequent embargoes are a major factor that was not a factor last year.
Another is the apparently forgotten deal OPEC and other oil producers agreed to in 2020 to cut production by 23% starting in 2021 which has worked according to plan.
Oil is now $120 USD a barrel and predicted to hit $140 soon.
https://www.aa.com.tr/en/energy/inte...-10m-bpd/28958
Insufficient gas refinery capacity is another reason for the increase, with demand outpacing production.
Interestingly, several US refineries ceased production, also in 2020.
Quite a coincidence, no?
Refining capacity in the U.S. is currently the lowest it's been since 2015.
https://www.eia.gov/todayinenergy/de...t%20of%202021.
This is not unforeseen, it's been a bottleneck point of production for many years, but major oil companies currently are not reinvesting huge profits into refining and exploration but have been focused on financial strategies keeping prices high to benefit their bottom line and shareholders portfolios.
There are lots of stories about these financial strategies, one just has to look for them.
Exxon Mobil's profits doubled since the same point last year, Chevron's increased fourfold.
https://www.usatoday.com/story/money...22/9686761002/
There are also alleged political strategies the Big Oil companies employ, but we can't talk about that.
There are many reasons for the current crisis, with many people just believing and parroting whatever source of news (or FAKE NEWS as many say) they consume and are unwilling to look deeper into the issue.
The Russia invasion of Ukraine and subsequent embargoes are a major factor that was not a factor last year.
Another is the apparently forgotten deal OPEC and other oil producers agreed to in 2020 to cut production by 23% starting in 2021 which has worked according to plan.
Oil is now $120 USD a barrel and predicted to hit $140 soon.
https://www.aa.com.tr/en/energy/inte...-10m-bpd/28958
Insufficient gas refinery capacity is another reason for the increase, with demand outpacing production.
Interestingly, several US refineries ceased production, also in 2020.
Quite a coincidence, no?
Refining capacity in the U.S. is currently the lowest it's been since 2015.
https://www.eia.gov/todayinenergy/de...t%20of%202021.
This is not unforeseen, it's been a bottleneck point of production for many years, but major oil companies currently are not reinvesting huge profits into refining and exploration but have been focused on financial strategies keeping prices high to benefit their bottom line and shareholders portfolios.
There are lots of stories about these financial strategies, one just has to look for them.
Exxon Mobil's profits doubled since the same point last year, Chevron's increased fourfold.
https://www.usatoday.com/story/money...22/9686761002/
There are also alleged political strategies the Big Oil companies employ, but we can't talk about that.
Last edited by BigCajun; 06-07-2022 at 05:36 PM.
#22
No respecter of malarkey
iTrader: (25)
We can’t talk about it? Yet you did, loud and clear.
What you don’t want to talk about is that high demand and low supply is what sets the stage for massive profits. Those companies didn’t do it on their own. The corrupt overseers the citizens helped put into power created that for them.
Because they’re all in on it together with one hand in the others pocket and the other hand stabbing the very citizens who made it all possible in the back the same as the rest of us.
That’s what you don’t want to talk about. Hence the words of guile and intent of deception.
.
What you don’t want to talk about is that high demand and low supply is what sets the stage for massive profits. Those companies didn’t do it on their own. The corrupt overseers the citizens helped put into power created that for them.
Because they’re all in on it together with one hand in the others pocket and the other hand stabbing the very citizens who made it all possible in the back the same as the rest of us.
That’s what you don’t want to talk about. Hence the words of guile and intent of deception.
.
Last edited by TeamRX8; 06-07-2022 at 06:45 PM.
#23
never give up
Energy cost in Greece has risen way before the russian smo in ukraine. Reason being that the European south since around last October buys energy through a stock exchange market kind of thing. A scam in other words.
THis is today, 2.42 euros per litre of basic unleaded. On a main urban street.
this is only the beginning
THis is today, 2.42 euros per litre of basic unleaded. On a main urban street.
this is only the beginning
#24
You gonna eat that?
iTrader: (1)
Energy cost in Greece has risen way before the russian smo in ukraine. Reason being that the European south since around last October buys energy through a stock exchange market kind of thing. A scam in other words.
THis is today, 2.42 euros per litre of basic unleaded. On a main urban street.
this is only the beginning
THis is today, 2.42 euros per litre of basic unleaded. On a main urban street.
this is only the beginning
OUCH.
We're close to $5.00 here in hillbilly country, it's a lot more in some places.
I haven't heard anything about the U.S. strategic reserve being released as they have in the past which suggests to me supply is not an issue as much as the refinery problem.
That's also curious, because I haven't seen any stations actually run out of gasoline, so it seems it might be market speculation driving it atm.
California has some of the highest prices.
Some people in SoCal are crossing into Mexico where State controlled Pemex is about $4.55 a gallon.
#25
FULLY SEMI AUTOMATIC
iTrader: (9)
gas went up another 10c last night (this is an every morning sight for me) and regular at the "cheap" place is $5.20. dont give me that lie about putins price hike bull **** either cause the cost was about double before his "minor incursion" it was clearly stated what would happen before the most free and fair "election" happened and its been climbing daily since. but hey lets beg the saudis and murderous dictators in other flat broke 3rd world hell holes for oil thats not as clean as ours and cost more to transport to the states. thank god we we are easing sanctions on solar panels and nobodys feelz are hurt on ******* tho