because they arnt actually running out …. They are just telling us peasants we can’t have it. That’s why. These politicians arnt stupid. They are deliberately destroying the country and ruining our will power at the same time. They are trying to make it to dumb and so bad that we beg for their communist solution. That’s the only end goal

Refineries are cutting a fat hog, as people argue about Facebook politics the oil companies are taking capacity off line and point fingers as they raise prices .

And turning in their Largest profits Ever.

ok...Apologies for the low awareness factor, but can anyone explain how the pricing at the local gas/fuel station actually works ? How is the price at the pump set ? I must have been hungover when they covered that in college....

Fer instance, as a very general explanation, an auto dealer buys the product from the manufacturer and the vehicle is "his" (or hers, as the case may be) and while there may be a suggested retail price for the product, the transaction price can vary due to product availability, market conditions, etc etc etc. but the bottom line is the guy who owns the product sets the price.

Same dealio for oil ?

And oil futures and the stock market affect it ...how ?

And while the refineries are allegedly hitting profits out of the park now, were they really losing money during the pandemic due to less demand ? And when the stock price per barrel dives ?

I've heard the explanations from the talking heads on TV, or politicians, but I trust very little of what comes from those sources. Is there a simple explanation ?

I'd hate to have any product in which the sale price is dependent on both the cost of the product and the stock market....

Is there a "Cliff's Notes" version of "Oil Pricing 101" ?

Fjb

Just seen a report that Diesel in New Brunswick just hit $11.68 CDN/ us gallon or $8.66 USD/gallon

Yup.

"Nothing is done so poorly that the government can’t do it worse!"

That is why I hunted for a 7.3l F250 (2000) . No emissions, no DEF, NO 10 speed transmission. Long block currently at KDD, and when I get it back everything going on engine /under hood is new Ford OEM . Bought another donor F250 (2005 6.0) with perfect body and coil suspension . In process of gutting it out as everything has to be transferred I I figure 7.3 lasted 22 years working sugar cane farming after I am done should last me the rest of my time alive. No note.

my buddy has a 99 F350 7.3 dually that a tree crushed the front of the cowl in a tornado. he bought it back from the insurance and had me fix it as he did not want one of the newer engines. it has around 350k on it and runs like new. lot to be said for the non emission diesels.

See this if you want to actually understand the issues: