What you are paying at the pump is due to futur trading, the oil companies have us by the nutz

 

Yup oil went down and the price per liter is still the same. Its A Head Scratcher

 

Yep, local news down here had a story last night about oil going down per barrel but not to expect to see it reflect at the pump because it takes 3-4 continued weeks of being down before it makes it's way to the pump.

WTF??? You get even a hint that there might be a problem in the middle east and them bastards are out at the pump within hours jackin' that price!!!

 

Lucky guys, in germany we have to pay at the moment 2,32 USD for 1 liter!
Most of the Trucks in gremany running with liquid gas systems, with this we have to pay 50% less.
I´m thinking back to the god old times.

Frank

 

here is the link to look at barrel price for the past few years
http://prixdubaril.com/
and the link for the local pump prices
http://ottawagasprices.com/Retail_Price_Chart.aspx

Dec 2007 98$ per barrel pump was 1.04$
Sept 2008 102 per barrel 1.14$ at the pump
nov 2010 99$ per barrel 1.05 at the pump
now 99$ per barrel 1.30$ per litre.........

I have no problem with them rising the price with in hours of a barrel raise because they can explaine it to me. but it should go lower at the same paste...

 

base on what you said we should see it go donw now...
it went up, back 2 weeks ago when the berrel reach 113$ but Last Thursday it was 99$ Friday through Monday it was 97$ Monday it was 102$ Tuesday 104$ and today back down at 99$ so it’s been 7 days in the low hundreds. Far from then 113$ should we not be down to 1.15 per litre...