Prefectca wrote:

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Heres my propane bill.

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 how long of a period is that?

I guess I'll be biking a lot more soon but it's better than getting terminally ill or covid or famish and bombed ...

Gas going up 10 cents, diesel up 17. Diesel already went up 6 cents yesterday. Ill be paying $1.83/litre tomorrow morning here in Nova Scotia

200.00 to fill my diesel truck yesterday... was at about 1/8 tank and I hit auto shut off at 200... 1.92/L

70 SS ACADIAN wrote:

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Prefectca wrote:

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70 SS ACADIAN wrote:

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Prefectca wrote:

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Heres my propane bill.

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 how long of a period is that?

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 It varies. This one is three weeks from the previous fill. My home has a heated four season sun room.  

Paul

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Oh man thats unreal. We keep the fire place going most of the time. My heater in the garage stays on all the time and I have a gas water heater. Natural gas bill was $172 for a month 

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 My house is hot water heat with a propane fired high efficiency boiler. When we bought the house I never thought about the cost to heat a glass sunroom! The boiler this time of year runs all night to heat the sunroom. Being hot water heat it needs to be heated or the heated floor will freeze. Due to the cost of the propane I may disconnect the heat from the sunroom and drain that circuit. We very seldom use the sunroom. Its really a spring/fall room. Its too hot in the sunroom in the summer months. 

Paul

$1.71 for regular here in PEI this morning. It's all a scam.

id like to congradulate the big oil guys in the lower mainland vancouver they have passed the 2 bucks a liter mark nice work guys!

NOS wrote:

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I know there was some kind of deal re Canadian oil pricing pricing between the oil companies and and the government several years ago; but why are we paying world pricing for our own Canadian oil ???.

Dale

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 Free enterprise? Otherwise we are socialists?

66 Beau wrote:

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Because the majority of our gas & diesel comes from US refineries.

We don't have the refining capacity to produce our own fuel so we sell crude oil to the US, they refine it and sell it back to us.

It'll get worse as the US moves to eliminate Russian oil.  And Canada can't make up much of the shortfall because there isn't enough pipeline capacity.  

And many of the US oil companies are resisting increasing their own production, preferring to use this opportunity to force the reinstatement of pro-oil, anti-environment laws brought in the previously. 

 thanks for clarifying that for me. So now the line runs as far as Montreal but it was suggested that the Irving refinery (in New Brunswick) would help with the

shortage;  Quebec said NO to extending the pipeline across Quebec !

Hope I got that right because I don't want to p*** any one off.

 

 

 

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Refineries are an oligopoly to a degree in North America and no one wants to build a new one, so we are reliant on US refineries for finished product. On the other hand, the USA are by far the biggest customer for Cdn oil and gas. Atlantic has only 1 refinery in Saint John. We had one in Nfld at Come By Chance but it closed at the start of Covid when oil prices dropped into the basement. It is not being started up again to produce aviation and diesel fuels from plant based waste and animal fats.

Quebec did put the kibosh on a pipeline extension to Saint John.

Canada is exporting 6.5 times more oil than they export from what I read.

Correct, but all Canadian refineries are operating at capacity and no one applies to build a new one. Imperial Oil closed one in Halifax years ago, refiners enjoy the pricing spreads they get by keeping capacity where it is now. Why build a new one and have more competition and lower spreads.

BC certainly has the same problem as Atlantic Canada, one oil refinery. BC also has the largest refining spreads in Canada, likely in North America  

-- Edited by DonSSDD on Sunday 6th of March 2022 07:14:53 AM

-- Edited by DonSSDD on Sunday 6th of March 2022 07:16:48 AM

Oil trades now in parts of the world where it is Monday, currently US$125.60 for WTI. May drop before it trades in Canada and the USA tomorrow morning but thats likely moving gasoline up a lot. Well see. Feb 22 it was $92 so up 35% in less than 2 weeks. 

-- Edited by DonSSDD on Sunday 6th of March 2022 06:56:55 PM