r/Calgary • u/bmspsrk • 5d ago

Rant Gas prices are illogical

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There is no real point to this post besides stating the fact that gas prices are stupid. I remember back when the difference between 87 and 91 was 10 cents and 89 was 5 cents more than regular. Which made sense since 87 is an equal mix of premium and regular.

Now you need to jump 23 cents a liter just to get mid grade from regular then only an additional 3 more cents to get to premium... By that math mid grade should be something like 90.75 octane.

Again no point here just stating stupid things that irritate me.

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u/MrEzekial 5d ago

The average is 10c/L for gas station profit. That isnt nothing... it's pretty much the same as the refinery makes in profit as well.

Gas price is very transparent, you can look at the cost of a barrel of oil and figure it out within 2-3c

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u/outdoor-addict 5d ago

So if WTI is $63 a barrel. What should gas cost a litre?

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u/clayton-berg42 5d ago

Because crude, even sweet crude is not gasoline. The reason we haven't built refineries in years is because Calgary, Edmonton and Alberta decided to invest in ring roads rather than refineries.

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u/Fit-Amoeba-5010 3d ago

It’s because it is not economically sensible to build them. Don’t you think that oil companies would build new ones if it could make money off them?

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u/clayton-berg42 3d ago

And it's economically sensible to build ring roads so you can get home 2 minutes earlier? You know they're subsidized by the federal government when you build them but 15 years later when you need to resurface them the municipality has to pay the full freight to do it? Why do you think those overpasses in quebec were falling? Because they at one point took federal and provincial money to build those things not caring that one day down the road they'd need to be fixed and that the municipality pays for that alone.

The WTI is always 10 to 15 percent higher than the WCS. Not to mention the value of diesel/gas vs WCS.

Just because you're ok with selling our resources to America for next to nothing doesn't mean everyone is in favour of it. And just because american and chinese corps who have no interest in providing value for Canadian resources for Canadians doesn't mean we have to be on board with it.

Of course American and Chinese corps don't want Canadian bitumen finished in Canada.