The change over to summer gas from the winter blend is responsible for most of the increase in price, with changes in the posted futures markets accounting for the rest.
Global oil prices are plunging. But in Canada gas prices are going up! Enough with the greed!
The article is written by someone who got the coolaid explanation from the oil and gas industry. You are NOT using your brain. Have you ever noticed how the fucking oil and gas companies make HUGE profits every time oil prices go up? There’s a lag in the production & distribution chain. They bought oil at lower prices. as the prices go up their profit goes up. They also do certain things called hedging where they pay a financial price for cost certainty. The financial cost of volatility is borne by global investors/hedge funds/gamblers. If you accept their explanation while they shove it up your behind, go ahead and enjoy the reaming.
You really have no idea how any of this works do you?
The article is written by someone who got the
coolaidexplanation from the oil and gas industry. You are NOT using your brain. Have you ever noticed how the fucking oil and gas companies make HUGE profits every time oil prices go up? There’s a lag in the production & distribution chain. They bought oil at lower prices. as the prices go up their profit goes up. They also do certain things called hedging where they pay a financial price for cost certainty. The financial cost of volatility is borne by global investors/hedge funds/gamblers. If you accept their explanation while they shove it up your behind, go ahead and enjoy the reaming.Your tin foil hat needs cleaning.