Wht are Canadian gas prices so high when we get 90-95% of our gas/oil from domestic sources?
594491
Let's say you own an Oil well in Canada and the demand for oil goes up in China and India.\n\nWell if demand goes up and supply stays the same the price will raise.\n\nIf the price rises in China and India then you can sell your oil for more money in china and India than if you sell it in Canada, and you will, or you will just sell it for more in Canada.\n\nThe answer to your question is that oil is publicly traded and can be bought or sold in any country so if the price of oil goes up somewhere it will affect the price of Oil every where.\n\nNow I am going to try to convince you that this is a good thing.\n\nIf your Oil well in Canada breaks and their is a shortage of oil in Canada than the price of Oil will go up because of the drop in supply that can not meet demand.\n\nIn a free market system Oil Producers from around the world will try to get their oil to Canada to make a profit and then supply will meet up with demand this will prevent shortages and eventually the price will drop.\n\nIf Oil prices were controlled by the government and the prices were kept low when there was a lack of supply the price would stay the same and there would be shortages of oil in Canada because foreign Oil makers would not waste their time shipping oil to Canada if they can sell it some where else for more or the same minus shipping.\n\nThis is why I think Governments should stay out of price controls.
1121329
The price goes up when demand outpaces the supply of gasoline.  and that would mean if we as Americans drove smaller cars than suvs we would have less demand.  Also we need a new fuel source other than petroleum.
1025350
Most of our foreign oil comes from canada not the Middle East it doesn't really matter. We would have been out by now if it was oil and we wouldn't have used all the oil we have used so far to fight the war. Duh.
1056073
It is a real concern, but whenever someone makes a prediction about when a country of the world will reach peak oil output, they do so with what then is considered a researve.  As the cost of a barrel of oil increases, sources for oil that were once not considered a researve then become on because at that cost it is economically viable to recover it.  With the recent spike in oil prices, North America can now clasify the tar sands in Canada and the oil shales in Colorado oil researves, and that being the case, it is estimated that in the US alone, we now have more economically recoverable oil then Saudi Arabia, the worlds largest exporter.  As the price continues to increase, other marginal sources will become economically viable.  Sooner or later, we will reach a point where there simply isn't enough oil available for any price, but that is still a ways off yet.  I believe that before we reach that point, oil will be more expensive then alternate fuel sources.  Through simple economics, I believe that people will begin using these alternate fuels simply because they are less expensive.  I believe that the high cost of oil will spawn invention and inovation into the energy sector, and I believe that has already begun.  We are working on increasing production of biodiesels and ethenol, and there is increased research into fuel cells and electric autos.  I think the future lies in hydrogen burning technology personally.  We already have engines that burn Hydrogen, but we're still working on the fuel tank dilema.  So, for a long answer, I believe that there is and will be time. I'm looking foward to being put out of buisiness.
670377
havnt you seend the little stickers at the gas pump that says "May contain up to 10% Ethonal" that is where it is coming from. A few years ago no one was interested in the stuff since it was SO expensive (i think it was like 2.50 a gallon) now that gas has caught up lots of americans are flipping the bird to OPEC and saying lets at least give our high gas cost to american farmers and not some terrorist supporting mid east country.\n\nAlso isnt that what all new GM vehicles are able to run on?
446687
It is already here.  But we don't want to change and continue to use gasoline like when it was cheaper.  It will start affecting how we travel and live when the price continue to increase.  We continue to buy these oil from Iran (not our friend) and support their government through our need for oil.
595280
My economic knowledge tells me that I hope it goes up up up. My company pays for my gas, and as a resident of Alberta, Canada I stand to share in the wealth that the province brings in from oil revenue royalties. My family got a check for $1600 this last time, but with the current (and rising) oil prices the next one could be much higher. \n\nMaybe people will stop buying stupid SUVs too. I just bought a Honda Civic and it gets great milage. \n\nIf the USA continues to try and clense the world of anti-western democracy govenments (Iran, N. Korea etc.) this trend will continue. If faith in the US dollar doesn't improve, people will continue to invest in commodities like Gold, Silver, and Oil, thus driving the prices up.
438516
It is ridiculous,  and I am scared about it.  The gas prices drive up the prices of all other products because, the products have to be driven to the stores in trucks run with gasoline.  So, not only do we end up paying more for gas, but for everything else as well.\nNow, I suppose for the upper and probably mid-level middle class this isn't that huge of a deal, but if you are mostly paycheck to paycheck, like my family, this can really hurt.\nOf course the rich get richer....that's just the way it goes.\nAnd what bugs me is that there isn't even a good reason for this gas spike...it is just speculation in the market driving up the price....\nWhere is our president when we need him?  He is NOT here for the majority of citizens in this country.  He has an agenda that goes against helping his own country, and that is pathetic.
372469
Lets see, the oil company's own and operate the wells, then the some people that work for them bid on the oil and it is sold to the refinery's which by the way is owned by the oil company's which in turn ship it to the gas stations guess who owns them. Sweet deal huh. I really wonder why the prices are so high.
1041619
Yes, but w/good reason.  Gas prices have never been this high w/no relief in sight.  It seems we are limiting our travel b/c we just can't afford to drive in this country.  I know I'm on a gas budget.  Work-home-work-home, maybe a chill spot on the wknd, but that's it.
202996
I have! Oil prices go down and gas goes up. Supplies increase the price at the pump goes up. The 2nd biggest oil deposit in the world comes under U.S. control.... You get the idea. Enough is enough. His friends have all made a buck on this insanity, let's go back to $1.00 a gallon.
480998
They're high.  But I think don't think we're in the "too high" range yet.  That'll probably be this summer and the year after.  We're still around 80% of the all time high for gas compared to the oil crisis we had years ago.
314188
Check your facts, and then find new sources for your information.\nOPEC determines oil prices.\nIn 1973 they did it creating our first 'gas crisis' in retaliation for our involvment in and equipping of Isreal for their war with Egypt.\nAs long as the liberal qwacks keep preventing drilling in Alaska, we'll have a shortage.\nUntil GAS COMPANIES and CAR MANUFACTURES stop preventing alternative fuel sources.\nAnd until idiots like you stop making up phony questions.
131248
Consumer economy. Gas has historically been much cheaper than any other source of fuel. When it's price rose in those countries, only THEN did they move to alternative fuels. Same goes for what will happen here. Gas has priced itself out of our market now.
449181
It's because our standard of living is decreasing relative to other countries.  This is a result of a stupid government idea to save money which had to do with the rate of inflation (how quickly things increase in price).  The rate of inflation used to be based upon things like food, gasoline, electricity, clothing, and things like that - things necessary to survival.  In the late 90's, the government decided it needed to save money by not increasing people's pensions and pay scales because these things are "indexed" (fixed relative to) inflation.  So the government decided it would be a brilliant idea to not include the cost of gasoline, electricity, and fruit/vegatables in the rate of "core" inflation because they were "too volatile".\n\nAs a result of this, each year Canadian's expenses in necessary goods increases more than does their rate of pay, and so their standard of living decreases.  We will continue to decrease in ratings until something is done.\n\nFor more info on inflation, check out the link (includes what items are included in the calculations).
491113
There is none, if inflation had followed suit with everything else clothes, food, building supplies etc.It would be over 3 dollars a gallon.The problem is people actually give idiots like micheal moore and al fraken credibility, its uncanny!!!!They have both been proven to be liars.One of the biggest reasons gas prices increase is simply speculative theory!! we went to war for humanitarian reasons, those people want us there they were under dictatorship. clinton sent soliders into Bosnia in 98 and knowone had a problem with that, it was for humanitarian reasons or so we thought.The real problem a lot of people have with this is the time its taking but you cant put a time frame on something like this.
637864
That's a very complicated question. It costs about $5 to remove a barrel of oil from the ground in many parts of the Middle East, though not all. And that doesn't include the cost of keeping the region stable, which (as you may have noticed) is rather significant these days. In Canada you can get oil from the oil sands for around $15-25/barrel, which does include the cost of equipment.\n\nTidal power (your turbines) are cool, but expensive - in the range of 70-80/barrel. \n\nThere's much more data. If you want a scary article, try the second source below. If you want an optimistic view, try the third source.