[FocusGuy7476]

NOS2Go4Me,Mar 4 2009, 05:37 PM Wrote:Just like we get conned into paying 25% more per L than the US for gas because we're a net exporter of oil (and don't keep some for ourselves to make and sell cheaply, something clearly within our capacity to do with our current refinery infrastructure), I wouldn't be surprised if a lot of the new autos produced in Canada going forward were made with 100% US-made steel.
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actually I've been trying to figure out if the price of oil and price of gas are related at all, and have come to the conclusion that they are not really. So the price of a barrel of crude oil has only a minor impact on the overall price of gas, it all goes back to a basic supply and demand schedule for each good. There is too much supply of oil in reserves of major countries like the US, which drove the price of oil down dramatically. Now with gas, it all comes down to refinery capacity to transform crude oil into a usable fuel for cars, and trucks. Once that supply of capacity is used up for the demand of fuel, the price of fuel will fluctuate either up or down, and it creates an excess supply of oil that need to be refined. Hope everyone understands that.