Gas Prices

[aberdeen5698]

All the stations I saw in Vancouver today were 192.9

[officedweller]

The Hive article also said it may go down more over the weekend.

[whatnext]

Originally Posted by EMD710

Guess what?? didn't happen. Still well over $2 per litre

The lowermainland is getting just gouged on price

It was 192.9 on the West Side on Thursday morning.

[SpongeG]

187.9 in Maple Ridge and 189.9 in Langley last night. Costco was 185.9 in Poco and there was a very long line there, at least 100 cars or more.

The Safeway in Langley usually price matches the Langley Costco price.

[whatnext]

It was great to see Regular down to $1.83 this morning, but Diesel was $2.43! I've never seen the spread so great between the two.

[jollyburger]

Originally Posted by whatnext

It was great to see Regular down to $1.83 this morning, but Diesel was $2.43! I've never seen the spread so great between the two.

“The demand on the diesel market right now is so high that diesel just isn’t seeing the same relief that gas is and there’s no end to it in the immediate future,” he explained, citing ongoing refinery strikes in Europe as the main reason.

https://vancouver.citynews.ca/2022/10/12/vancouver-gas-prices-big-drop/

[CivicBlues]

^Was in France last week and rented a diesel vehicle (fuel efficiency is godly btw). Diesel was around 2 Euros ($2.70)/litre and slightly more expensive than gasoline.

BUT, Oh god the refinery strikes! Gas shortages all over France. Over half the stations we'd drive by would be completely empty and closed. When we finally did find a gas station that had supply we had to line up 1/2 hour for our first fill up and over an hour to fill it up again before returning the car. People were selling gasoline out of jerry cans. Felt like I was living in 1973! Good thing we did it the night before otherwise I think we might have missed our flight!

[Klazu]

Oh wow. Europe must be loving that green transition and living in candle light.

[Alex Mackinnon]

Originally Posted by Klazu

Oh wow. Europe must be loving that green transition and living in candle light.

Yeah, all those hippies who bought EVs and solar panels must be kicking themselves now that natural gas and gasoline are expensive and hard to come by

Oh wait...

[chowhou]

Originally Posted by Alex Mackinnon

Yeah, all those hippies who bought EVs and solar panels must be kicking themselves now that natural gas and gasoline are expensive and hard to come by

Oh wait...

[NewfBC]

Originally Posted by jollyburger

https://vancouver.citynews.ca/2022/10/12/vancouver-gas-prices-big-drop/

So now that the West Coast refineries are back to 'normal' and there's no one to blame - they've turned to blaming refineries in Europe for high diesel prices in BC? LOL

Ron.

[FarmerHaight]

Originally Posted by Klazu

Oh wow. Europe must be loving that green transition and living in candle light.

The high gas prices in Europe are actually caused by a lack of a green transition. Many countries chose to shutter nuclear power plants in favor of using cheap natural gas from Germany. If the UK had leaned all the way into renewables and nuclear it wouldn't have to be reliant on imports from politically unpredictable countries like OPEC and Russia.

Anyone who has a grasp of basic economics should be able to understand that if the transition to renewables occurs at any pace greater than a crawl, that will drive down the price of oil and gas. This is actually one of the biggest forces opposing a full transition to renewables; as solar and wind prices fall because of advanced technology, fossil fuel prices will fall even faster because of reduced demand.

[MalcolmTucker]

Originally Posted by NewfBC

So now that the West Coast refineries are back to 'normal' and there's no one to blame - they've turned to blaming refineries in Europe for high diesel prices in BC? LOL

Ron.

Europe, Canada, and the USA imported a fair amount of diesel from Russia. The flow in North America shifted to exporting diesel to others to make up for the change in flows from Russia. Add to that problems in the mid-west, low water flows on rivers is making barge traffic (which carries much of the product flows) less productive.

So Singapore diesel which could at times go to the North American west coast is going to Europe. North American seaborne East Coast diesel is going to Europe.

They're all somewhat connected markets that when prices are high enough (to cover the cost of transportation between them) connect fully.

[WarrenC12]

Originally Posted by Klazu

Oh wow. Europe must be loving that green transition and living in candle light.

Did you read the post, or can you even read?

[Klazu]

Lots of the energy woes in Europe are due to ramp up of wind energy. Production is so unreliable and sporadic that it is causing electricity prices to swing widely. Add to that how much of European energy has been moved to be priced in international energy markets, detaching prices from any local reality.

This has been widely reported in Finnish mainstream media and a recent article write how the Finnish government needs to log crazy amounts of forest to support new high-voltage transmission lines as wind energy is being produced in random places and the the established national network built around established powerplants cannot support transmitting the electricity to where its being consumed.

There is so much environmentally negative aspects to this transition that it won't be net positive for decades if ever. Most Europeans will have a really cold winter ahead if them. We are really lucky with our BC Hydro.

[GenWhy?]

The biomass trend is bonkers for sure

[VancouverOfTheFuture]

i would say BC has one of the, if not the, best electrical grid in the world. its like 98% clean energy, very reliable, and very cheap.

thank you very much W.A.C. Bennett. shame i wasn't alive when he was around; what a time that would have been. and his son gave us SkyTrain.

[aberdeen5698]

Originally Posted by VancouverOfTheFuture

thank you very much W.A.C. Bennett. shame i wasn't alive when he was around; what a time that would have been...

Wacky Bennett, Flying Phil Garglardi and the Trans Canada Highway renamed to "BC-1". Fun times!

Much of BC's electrical infrastructure was funded by the Columbia River Treaty, which Bennett is said to have been instrumental in negotiating.

[MalcolmTucker]

Was a very different time. The dam on the Peace disrupted the ecology or and through lots of people into hunger (some would say famine) by changing the seasonal flows in the Peace-Athabasca delta and beyond.

[EastVanMark]

Originally Posted by FarmerHaight

The high gas prices in Europe are actually caused by a lack of a green transition. Many countries chose to shutter nuclear power plants in favor of using cheap natural gas from Germany. If the UK had leaned all the way into renewables and nuclear it wouldn't have to be reliant on imports from politically unpredictable countries like OPEC and Russia.

Anyone who has a grasp of basic economics should be able to understand that if the transition to renewables occurs at any pace greater than a crawl, that will drive down the price of oil and gas. This is actually one of the biggest forces opposing a full transition to renewables; as solar and wind prices fall because of advanced technology, fossil fuel prices will fall even faster because of reduced demand.

Cheap natural gas from Germany? Germany got its gas from Russia.
It’s actually boneheaded, pie in the sky policies that has gotten Germany into this mess. They have been absolutely hammered by forced closures in their manufacturing sector due to lack of natural gas supply. German electrical prices have more than tripled between October 2020 and 2021. This was long before the conflict In Ukraine ramped up with sanctions.

Also absolutely no evidence of fossil fuel prices dropping anywhere, for any reason. Instead they’ve skyrocketed due to foolish supply decisions by that are driven by idiological BS rather than logic.

Electricity prices in the UK went up by a factor of 15 in the last 2 years from the previous 20 year average. Although now made even worse by the situation in Ukraine, it was again boneheaded policies that had them well on their way before the crisis.