Interesting chart on gas prices

[TheTGB]

Oh, and what does the Canadian line have to do with us? We definitely have nothing to do with Canada's oil prices and their prices are rising and falling just like ours are. Canada is also the second leading producer of oil in the world.

[jessejordan419]

Oh, and what does the Canadian line have to do with us? We definitely have nothing to do with Canada's oil prices and their prices are rising and falling just like ours are. Canada is also the second leading producer of oil in the world.

The reason Canada's prices ebb and flow w/ours, I suspect, is directly due to the gasoline production. Since, in America, no new plant has been built since the 70's(thanks to the tree-huggers), we have just slightly higher capacity to produce gasoline from oil than we did in the 70's. I would imagine that Canada has adopted the same, "no more refineries" policy california forced us to take in the 70's.

This is why when oil dropped to $35/barrel, gas did not drop back to $1 or $1.25 like it should have. So the curve still follows demand trends. Last summer/spring, speculators suddenly forced the price upward with scare tactics. Maybe they saw regulations comming and wanted one last ditch effort to squeeze all the profit they could.......

[tyude2]

must be all this "change" we were promised

isnt that the truth