Gas Prices

[KARNUT]

22 minutes ago, Likarok said:

Well I hate to be the bearer of bad news. Most Americans are likely Not Aware that 60% of your heavy oil used for making gasoline came from Canada last year. More specifically from the province of Alberta were I live.  Most US oil production is light oil and is exported. As of Monday Mr. Trump plans on putting a 25% tariff on imports from Canada and it looks like he plans on a tariff on Canadian oil imports. 

 

So how there can be a 25% tariff on something that you import 60% of without it having a negative effect or causing a price increase to the guy at the pump will be interesting to see, Economists are saying US gasoline prices could be going up about $1.00 per US gallon if Trump enacts this oil tariff.

 

He is also tariffing a number of products from Canada. Will have to watch next week to see what he does. But expect anything that is sold in the US that is imported from Canada to go up in price by 25%. Basically a tax on Americans because Canada shippers are not going to eat these price increases. That is the way tariffs work. 

 

And it is not just Canada, Mexican products also getting 25% increase, as well as other countries from all over the world. Mr. Trump is saying 60% tariff on Chinese products. 

 

Better hold our breath!

Watch and learn 

[txab]

$2.45

[diyer2]

$3.15 85 oct. in our small town, no discount price.

[Buckwild27]

$2.87 for 87 oct.

[CamGTP]

87 octane is now around $3.00-3.19 it seems. 88 octane can be found for $2.70ish still.

 

 

[diyer2]

 

[txab]

Still $2.45 RU

[richard wysong]

No change yet here but the news says expect a .25 increase soon due to "winter shortages"

[Grumpy Bear]

On 1/18/2025 at 2:39 PM, Likarok said:

Well I hate to be the bearer of bad news. Most Americans are likely Not Aware that 60% of the heavy oil used for making gasoline in the US came from Canada last year. More specifically from the province of Alberta were I live.  Most US oil production is light oil and is exported. As of Monday Mr. Trump plans on putting a 25% tariff on imports from Canada and it looks like he plans on a tariff on Canadian oil imports. 

 

So how there can be a 25% tariff on something that you import 60% of without it having a negative effect or causing a price increase to the guy at the pump will be interesting to see, Economists are saying US gasoline prices could be going up about $1.00 per US gallon if Trump enacts this oil tariff.

 

What is also interesting is that Canada has been selling this oil to the US at a massively discounted price as compared to the world OPEC price schedule, so if the US goes shopping for another supplier other than Canada they are going to have to pay world oil price and Gasoline could go up even more! Currently a lot of the US refineries that make gasoline are setup specifically to refine this Alberta Oil Sands product. (Heavy Oi) In the town I live in in Alberta TWO oil trains a day go though my City on their way to the US. Hundreds of rail cars per day. This is because Joe Biden stopped the construction of the Keystone pipeline when he came to power. So this heavy oil is mostly shipped by rail car to refineries in the central plains states instead of by pipeline. Some is still shipped by smaller pipelines to the eastern US. Once the oil hits the US locomotives transfer the rail cars to points south but most go to Tulsa Oklahoma or the gulf coast.

 

Pres Trump is also tariffing a number of products from Canada. Will have to watch next week to see what he does. But expect anything that is sold in the US that is imported from Canada to go up in price by 25%. Basically a tax on Americans because Canada shippers are not going to eat these price increases. That is the way tariffs work. 

 

And it is not just Canada, Mexican products also getting 25% increase, as well as other countries from all over the world. Mr. Trump is saying 60% tariff on Chinese products. 

 

Better hold our breath! Things could be getting way more expensive.

 

Well written. A life in refining and I know well how plants are set up to run certain crude types. It's a big wheel with allot of momentum. Easy to wreck the train, hard to get it back on the tracks and moving again. 

 

On 1/18/2025 at 3:01 PM, KARNUT said:

Watch and learn 

 

Interesting to see what Government knows about a crude units, Coker, FCC or Isomax operations.

 

 

I like learning new tricks. 

[KARNUT]

28 minutes ago, Grumpy Bear said:

 

Well written. A life in refining and I know well how plants are set up to run certain crude types. It's a big wheel with allot of momentum. Easy to wreck the train, hard to get it back on the tracks and moving again. 

 

 

Interesting to see what Government knows about a crude units, Coker, FCC or Isomax operations.

 

 

I like learning new tricks. 

Humm, this going to be fun.

[txab]

$2.42

[richard wysong]

$2.79 on the hi-way this am, down.05. So much for the news forecast

[mjm-1957]

Up 14 cents a gallon in three days here on Long Island. Now 2.84 for sunoco 87.Some places are 3.09-3.14.

[txab]

$2.39

[CamGTP]

Wide range of prices depending on if you live in the middle of nowhere or if you live near the rich towns with all the snobby people.

 

$2.74 in the cheap places and saw $3.19 in other spots. Same branded gas stations all getting the same fuel from the same refiner that everyone else in the metro does lol.

 

Still only costs me like $30 to fill my Cadillac every 2 weeks. Gotta love 8 mile round trip commutes.