GASOLINE PRICES in Russia after SANCTIONS 2022!

[Axe]

11 hours ago, Sammy said:

Rock and a hard place, isnt it. Here is a compromise. Finish the pipeline. In return, none of the oil that goes through it may be exported. National security for domestic oil production for North America.

Never thought I could find common ground with Sammy on anything, but here it is. 

Analogy: We should put our own oxygen mask on 1st before helping the person sitting next to us. 

[PimpedOutPete]

2 hours ago, Axe said:

We don't have a free market in the energy sector. 

Gov's dabble with regulation, taxes and wars ... causing the market to respond downstream.  In the long run people will either have to pay more for their goods and services or do without.  The supply vs demand model which is called 'free market' no longer has the biggest influence on prices.  Current increases in energy prices are not based on scarcity or abundance, but on regulation, governmental interference (sanctions,) and war. 

I am not sure where you got your degree in economics for it’s all about supply and demand. Federal, state or provincial taxes do play their roll but it’s doesn’t stop any one from driving to work every day.

If it was all based on regulation and government then please explain why gas, oil prices increase during the summer driving months and typically drop in the winter. Explain why natural gas prices sky rocket during the high demand cold winter months and then drop in the warm summer months. Why during the first few months of the pandemic no one was traveling including air travel and the gas prices dropped to almost 25-30 year low?

Of course geopolitics play a large part for it threatens a market that is typically volatile  at any time. Hell, if there is some natural disaster prices jump. A war involving Russia of course prices will jump specially since they are a large market in the EU.

We haven’t even got into the geographical aspect of oil costs. Canada is a small market, we roughly have the same population as California but are the second largest country in the world. Do you here in Alberta we just warp over fuel to pumps in Manitoba? There are costs to and yes you are correct, Canada has higher than average North American taxes. There are costs to universal healthcare. Try arguing taking that away from the majority of Canadians. 

[Sammy]

2 + 2 != 4 anymore. These days, for many 2 + 2 = brick. Meaning, it makes no sense whatsoever.

[Snow White]

Oil Tops $130 a Barrel as Russian attacks escalate..  https://www.wsj.com/articles/oil-buyers-paying-record-premiums-for-prompt-deliveries-11646518865

[loaderXI]

It is estimated that $300 billion will be needed to build the minimum of 500.000 charging stations globally by 2030 with $50 billion of that just for the USA...The cost of fuel will need to help offset that expense so keep pumping as the cost rises so we can get there faster... $9 a gallon could be real soon...By the way this is old news because you were already told you just didn't listen

[Sikon]

[Snow White]

We just paid $4.19 a gallon Lake Worth, Palm Beach County,,, Florida 3/8/22

[Labob]

On 3/6/2022 at 12:02 PM, Axe said:

energy prices are not based on scarcity or abundance, but on regulation, governmental interference (sanctions,) and war. 

Prove that. 

[Axe]

19 minutes ago, Labob said:

Prove that. 

Are you new to earth?  

Gas prices go up when politicians cancel pipelines.
Gas prices go up when politicians play the game of war.
Gas prices go up every time politicians regulate the energy sector.

Prove me wrong.

[Sammy]

They go up because of issues about supply and predictions about the future. Either because of fear, or actual supply problems. You can however add the above to a whole host of things that will cause supply problems. Embargoes. Refinery fires or damage. Hurricanes. Hackers shutting down pipelines. Time of year. Supply chain problems. Blocking shipping channels. Etc. So if you want to add political shenanigans and war to a big list of things also causing supply problems... which then raise prices... then you would be correct. Taxes and such nor withstanding.

[DEEJAYKEG]

Hello Adorables!  Does he mean us?!

Yes, the fuel appears to be very cheap but consider this may be state-sponsored propaganda.  It is easy enough to set up at a garage.  With the Russians clamping down on access to social media, doesn't it make you wonder how this film got onto the web?

So, Adorables, don't be the Gullibles OK?

Slava Ukrainii!

[Labob]

1 hour ago, Axe said:

Gas prices go up when politicians cancel pipelines

That one is a cause of a shortage of future supply. Markets adjusting for future shortages.

 

1 hour ago, Axe said:

Gas prices go up when politicians play the game of war.

Only when its an oil producing country at war again causes a supply issue and that one is imediate.

1 hour ago, Axe said:

Gas prices go up every time politicians regulate the energy sector.

That one is played out in the markets. 

 You can reproduce any of those results in so many different ways. Saying its a politicians fault of they started a war to make oil money is not quite true. Those are

repercoussions of actions. Not causes. The only thing I can tell you is when things get corrected prices will drop but not all the way . Greedy greedy people. Oil santions to Russia will cause a lot of harm but only till China takes all the oil Russia has to offer. On the other Hand I live in Canada a oil rich country but we pay American cost per barrel. And supply and demand kicks us hard always. Opec just announced they are going to produce more oil so next week thasy say prices should drop 15 cents a liter supply and demand.

[Sammy]

10 minutes ago, DEEJAYKEG said:

doesn't it make you wonder how this film got onto the web

Tor and dark web. Torrents. VPN's. Getting around governments and service providers is what they are often used for. Many of us here use some or all of them every day. Thus far, in Russia access to the internet is not shut down. Russia still needs to push its propaganda and lies among other things. But the usual suspects are blocked via their standard routes. We all know well that there are ways around them. Its still whack-a-mole in China even with their wholesale draconian blocks.

[Sammy]

How many here use VPN's to get around service provider blocks and prevent their snooping? How about so our government cant monitor what we say and do? Thats what they are there for. And of course, some here know better than others, so you can send and receive video illegally but they would never be able to even know who you are or where you live? Or that you were doing it at all?

Even in China, with its so-called 'great wall', its still whack-a-mole.

[PimpedOutPete]

18 minutes ago, Labob said:

That one is a cause of a shortage of future supply. Markets adjusting for future shortages.

 

Only when its an oil producing country at war again causes a supply issue and that one is imediate.

That one is played out in the markets. 

 You can reproduce any of those results in so many different ways. Saying its a politicians fault of they started a war to make oil money is not quite true. Those are

repercoussions of actions. Not causes. The only thing I can tell you is when things get corrected prices will drop but not all the way . Greedy greedy people. Oil santions to Russia will cause a lot of harm but only till China takes all the oil Russia has to offer. On the other Hand I live in Canada a oil rich country but we pay American cost per barrel. And supply and demand kicks us hard always. Opec just announced they are going to produce more oil so next week thasy say prices should drop 15 cents a liter supply and demand.

Great post Labob, I wanted to add this as only as note on supply. 

I live in an insanely rich oil province. Unfortunately when world events such as what is happening oil prices climb and so does this provinces wealth. The province of Alberta announced a few days ago it will be dropping the provincial sales tax portion on gas prices. This is equal to 13 cents a litre. As Labob said, this will not take effect for a few weeks for the gas at the pumps as already been taxed. The province will also be giving each household a rebate on natural gas bills to offset the high cost these few winter months.