Discussions

Sportsfreak said "Is our government couldn’t care less about Canadians! "

Neither the federal or provincial governments have a mandate to limit gas prices. All they do is add taxes to the going rate. The blame, as always, falls on the oil companies. They are quick to charge more if oil prices go up, or if there's even a vague hint of a minor problem in the supply chain, but rarely lower the prices. And as the switch to alternative fuels/energy (painfully slowly) continues, expect more price hikes as they try to keep their profit margin.

FYI via a friend that just got back from Husky on Hill, pumps still charging 113.9 late tonight

Petro on 34th reg gas price 114.9

Thx for the tip. This is bonkers but lineup at 7/11 for gas at 11:20pm on a weeknight.

114.9 at 34th 711 lol

Trevor B said "it's just a one day thing before they go back to where they were. Because for what reason is there for such a large increase? "

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Edited by Tradespinner, 2018-07-05 08:02:27

If people are still going to Co-Op when Husky is about 20 cents lower, then they are simply foolish and too lazy to pump their own gas. Such a "sacrifice" is worth 2 cents, nevermind 20. Come on people...  
 
Edited by Mr.Brett, 2018-07-05 08:10:14

Those who are selling at the lower prices may be just using up old stock.  
I have not been following rack prices closely as of late, but here are some numbers to consider  
Yesterday's plus today's rack price at petro can on Winnipeg were set at 89.7 cents yesterday.  
Running the price in reverse starting with the pump price of $1.14 and going back to rack price, those selling at the lower price would be selling at basically a break even or even a small loss.  
 
Consumer price $1.14 x .9524 = price minus GST= 1.08  
1.08 minus .03 for freight =$1.05  
$1.05 minus .24 other tax = .89  
 
Hope my numbers are right.  
 
Now the other side  
Rack price .897 plus .24 other tax= $1.137  
$1.13 plus freight .03 =$1.167  
$1.167times 1.05 GST = $ 1.2253  
 
The question that you have to ask yourself? This gives retailers a margin of 10 cents, is that number excessive?

Domo on 1st shows 132.9, and the Husky on 1st shows 129.9 as of this morning. I filled up at Shilo last night for 111.9...I saw the signs!

The Mohawk on 18th was 114.9 yesterday, but the one on 1st and Rosser was 113.9.

LynWaterman said "The Mohawk on 18th was 114.9 yesterday, but the one on 1st and Rosser was 113.9. "

Gas price was at 132.9 this morning at around 8 am

Your calculations are correct. I kept track of prices for a whole year using that formula. I didn’t factor in trucking because I didn’t know it. The average gross profit for the year was 10.53 cents per litre minus trucking. At .03 for trucking that would bring it down to 7.53 cents.  
One has to realize that the price of oil is about the only variable in the pump price. Transportation costs, refining costs, wages, Federal Tax, Prov. Tax are all fixed costs.  
Out of that 10 cents 120 litres have to be pumped each hour just to pay one employee minimum wage. Plus there is surely a manager involved that makes more than min wage. That doesn’t leave much left for overhead plus profit.  
I feel that the oil producers are the ones that benefit from high oil prices. And suffer from low prices. “Something like you as a cattle farmer.”  
When I went to University we were taught that prices were established by Supply & Demand and whenever someone messed with that serious things happen.

Superstore at 129.9, one of the only ones that haven’t jumped to 132 yet

They jumped two days ago in Winnipeg and Portage. It’s 132.9 everywhere pretty much. And that’s up from 114.9. Welcome to Canada. Where they screw us for our own natural resources.

The governments do not care -the higher the gas prices the more taxes they collect-they believe in monopolies re: egg and dairy marking boards! Gas in Minot $0.75 cents US -$0.975 Canadian! Eggs WalMart $0.97 US .. Explain why 2 - 1 liter of Milk in Canada is cheaper than 1 - 2 liter of milk by 50 plus cents!

myhandleistrain said "Not to sound defeated, but let's be honest. The world runs and depends on gas. Closer to home, Canada runs and depends on gas. And yet one more thought, we that live in Brandon run and depend on gas. A long time ago, I realized that I could run around town and get the best deal, just burning more gas. And believe me, I drive a gas guzzler. My solution? Drive my Sherman tank less. Walk or bike. You feel better and save $$$. There is really nothing we can do to change the fluctuating prices at the pumps. "

or biking will not save me $$$ when all goods and services (and that's about everything) dependent on transportation will rise in price to compensate for the increase in fuel costs.  
 
People always come into forums saying.."well..just take a bus,or bike..or walk"...not everyone has the convenience of public transport..or they may need to use their vehicle to get to their place of employment... It's just not driving your car that is affected...watch your grocery bill increase in price,watch everything increase in price. (and when fuel costs come down...goods and services don't adjust for that)

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