Holy Moly Gas Prices

[photomama]

Just read that the barrel of oil went over $100 dollars yesterday So, when I had to fill up this morning it was $1.10 which is high for this area. YIKES!

How bad is it where you are???

 

[mousy_in_canada]

I have to get gas today I am on empty and it is a 100L tank!!! We are going away on the weekend so I need a full tank. nothing like spending $110 on a tank of gas!!!! Would rather spend that on a plane ticket to Disney!

 

[abirdd]

I had no idea of the price change until I took the car out today... and saw the $1.11. What?!! So I drive around Almonte (it's a very small town) and thankfully one of the stations was at $1.09. Seemed like a deal

 

[tone.def]

From http://news.bbc.co.uk/1/hi/business/7254196.stm

Last Updated: Wednesday, 20 February 2008, 07:59 GMT

Oil prices slip back below $100

Oil prices have dropped back from a new record high above $100 a barrel that was hit in New York trade on Tuesday.
In Asian trade, the main contract for light, sweet crude oil fell 73 cents to $99.28 a barrel, after closing above $100 for the first time on Tuesday.

But the steep rise in the oil price knocked share prices, with Japan's Nikkei index closing down more than 3%.

Oil hit a record $100.10 a barrel on Tuesday on fears the group of Opec producing nations would cut output.

Supply worries
"It's just a bit of a correction. The market is settling down after such a massive move last night," said Peter McGuire, managing director of Commodity Warrants Australia.

After peaking at a new record of $100.10 a barrel, prices edged back to close at $100.01 on Tuesday.

Market analysts said Opec producers might cut production in response to the slowdown of the US economy, which is the world's biggest oil user.

There was also concern over supplies from Nigeria and the ongoing row between Exxon Mobil and Venezuela.

Crude oil jumped 5% to hit a record of $100.10 and closed at $100.01 on Tuesday.

Opec oil producers are due to meet next on 5 March.

Stocks rattled
Japan's Nikkei share average closed down 3.3% at 13,310.37, its lowest close since 13 February, on fears that the surge in oil prices could stoke inflation.

"The move upwards for oil prices driven by geopolitical fears may be slightly excessive but real concerns remain over the impact on corporate earnings," said Akio Yoshino, chief economist at Societe Generale Asset Management.

In Hong Kong, the main Hang Seng index was down by more than 2%.

Wall Street also closed lower although energy stocks rose on the back of higher oil prices.

The benchmark Dow Jones slipped 10.99 points, or 0.09%, to end at 12,337.22.

 

[SplashMountainMama]

Looks like I'll be needing a trip across the border to fill up. Even with the cost of toll it still makes it worthwhile especially when you have a 100L tank to fill.

 

[iluveeyore]

Looks like I'll be needing a trip across the border to fill up. Even with the cost of toll it still makes it worthwhile especially when you have a 100L tank to fill.

I'm with you - thank goodness I live close enough to do that - I can fill up my SUV here for $92 or across the border for $62 - add $3 toll - plus pick up a jug of milk for $2.76 instead of $4.59 here - worth it for me

 

[tribus121]

We are only paying 105.9 here in NB but our prices are regulated and only change on Thursday mornings Rummer has it that our price will all so make a 5c increase brining our price up to over $ 1.10 they set a max price and some stations do sell for a little less

 

[newfie]

Right now prices in St. John's NL are $1.13 and estimated to be going up tonight another $0.05 to a total of $1.18-$1.19. Needless to say I filled my car today

 

[mickeymorse]

Got a deal today at 107.9 at a PetroCan

 

[SandraC]

You pay $1.25-$2.00 for a litre of milk.

 

[SplashMountainMama]

You pay $1.25-$2.00 for a litre of milk.

I'm not sure where the PP was from, but if I buy a 4L bag of milk here (Windsor, Ont.) it costs over $4 at the grocery store.

 

[SplashMountainMama]

We are only paying 105.9 here in NB but our prices are regulated and only change on Thursday mornings Rummer has it that our price will all so make a 5c increase brining our price up to over $ 1.10 they set a max price and some stations do sell for a little less

You know it's bad when we start saying "We are only paying $105.9".

 

[abirdd]

Makes me laugh...

DH comes home last night, and announces he got a steal for gas at 105.9 on the way home (Shell). Makes me think I must have overpaid at 109.0 in our little town.

 

[Kazzy1548]

1.20$ in Montreal today, they're calling for 1.25$ next week.... Thank God the Canadians are winning........

Kazzy

 

[tribus121]

our regulated price is now 1,10 .9 but retailers can add up to 1,50 for delivery costs the going price in fredericton is 1.11.4$