well thank youuuu
#2
Woo go US government, and gotta love the Canadian Government for jumping on the bandwagon. even though we get out oil from Venezuela gas is going up here 9 cents a liter(34 cents a gallon) on monday.... how does a hurricane in Texas have anything to do with our gas here?? seriously can someone explain that to me?
#3
It's probably basic supply and demand. My understanding is that refineries in Houston process approximately 20% of gasoline produced in the United States. Without Houston refineries, supply plummets without a similar reduction in demand. U.S. gasoline prices likely greatly influence the price in Canada.
#5
Woo go US government, and gotta love the Canadian Government for jumping on the bandwagon. even though we get out oil from Venezuela gas is going up here 9 cents a liter(34 cents a gallon) on monday.... how does a hurricane in Texas have anything to do with our gas here?? seriously can someone explain that to me?
#6
Thanks Peg. We fled to San Antonio so the family and I are fine. My neighborhood friends who stayed have informed me that I have minor roof shingle damage and a fence down in the backyard. All in all, it does not sound too bad -- we feel like we dodged a bullet. We remain in a San Antonio Hotel, however, as our community is still without electricity. I am hoping to hear that power is restored tomorrow so we can return to Houston, though there is by no means any guarantee that this will happen.
#10
It *should* be based on supply & demand, but more often than not, it's caused by theoretical supply & demand, which is then blown completely out of proportion.
The general formula (from what I've observed, YMMV) is thus:
Possible event "X" (threat of attack on oil reserves in Iraq, possible tropical storm/hurricane), causes gas price "Y" to increase by multiplier "Z", where Z is some completely arbitrary number.
A Canadian politician said on the news a while ago that a "Category 2 tropical storm turns into a category 5 fleecing for consumers at the pumps"... It's not so far off-base.
I understand that this time rigs and refineries in Texas were ACTUALLY shut down, so it makes this pill a bit easier to swallow... but not much
The general formula (from what I've observed, YMMV) is thus:
Possible event "X" (threat of attack on oil reserves in Iraq, possible tropical storm/hurricane), causes gas price "Y" to increase by multiplier "Z", where Z is some completely arbitrary number.
A Canadian politician said on the news a while ago that a "Category 2 tropical storm turns into a category 5 fleecing for consumers at the pumps"... It's not so far off-base.
I understand that this time rigs and refineries in Texas were ACTUALLY shut down, so it makes this pill a bit easier to swallow... but not much