Posts Tagged ‘barrel’



Gas at a new high

Seems there is not much positive to write about these days.  2,600 jobs lost one day, gas rises to a record $138.50 the next.  It seems all too quick and too true.

Unemployment numbers in the states shot up, causing general unease in the stockmarket.  The market was down about 400 points today across the board on the news that oil traded $11 up to almost $139 a barrel.  I can hardly wait for it to hit $150 a barrel which they predicted will happen in the next month.

You thought you’ve seen high gas prices, appearently you heaven’t seen anything yet. What will you drive if gas is going to be $1.50 a liter? I can hardly wait for the TTC and airlines to further raise the price of tickets.

This summer is going to set new records as far as costs go to get around.  I think I might invest in a bicycle.

If you have a hybrid, this would be the time to pat yourself on the back and say, I saw it coming…



Oil hit $120 today.

Gas prices are a wonderful thing. About a week ago I was talking to an acquaintance from Pennsylvania and he was explaining to me how gas stations were gouging people with high gas prices. I asked him how much he pays for gas. He replied “well somewhere around $3 per gallon” coloured with a few obscenities thrown in. I did some quick math to tell him we’re paying over $4 per gallon if I convert it.

He was truly shocked. What I don’t understand is that for every tiny reason, oil prices increase, but they hardly ever come down. They just wait for the next thing that will set them up to increase again. Kinda strange if you ask me.

For instance today oil hit $120 per barrel. If oil is at $120 a barrel, why are the gas prices in the city of Toronto declining? I’m not saying declining gas prices in the GTA are a bad thing, but not understanding how they can decline when oil is going up. Ah well, I’ve been told several times I should stop trying to find logic in the world as nothing ever seems to make sense.

lol