Thursday, December 21, 2006

More Gasoline price fluctuations in Mississauga Ontario near Toronto


This was the price of gasoline in Mississauga in September 23 2006, nice and low! 71.5 cents per lite, a bargain!















This was the price of gasoline at the Esso at the corner of Eglinton and Hurontario on October 15th 2006













This was the price of gasoline on October 2nd 2006, check out all the yo-yo ing of prices again

Crude is just under $60 per barrel on December 21st 2006 and the price at the pumps today was 91.5 cents per litre. Please tell me what the rationale behind these high prices is, except that the oil companies need more record profits. So much for prices at the pumps falling when crude prices drop. 86.5 cents per litre at the corner of Winston Churchill and Artesian Drive.


For more information please contact A. Mark Argentino

A. Mark Argentino Associate Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS 905-828-3434
FAX 905-828-2829
E-MAIL mark@mississauga4sale.com
Website: Mississauga4Sale.com

Wednesday, September 27, 2006

Gasoline prices update near the end of September 2006

Gasoline prices update near the end of September 2006.

Things are too quiet. This is what I think. Not much in the local Toronto press about hurricanes, oil prices, wars "in other lands", terrorism or much to do about anything relating to gasoline prices these days. Too quiet in my opinion.

Is this the calm before the storm?

Gold prices are down, but still up for the year, silver is hovering at $12 per ounce or so, milk is still $3.69 per bag of 3 litres, so the price of gas is still cheaper than milk.

Are we attempting to re-adjust to the 'new level' of gasoline prices? In August or previously this year, if the price at the pump was below 90 cents per litre there would have been a stampede to the pumps and line-ups on the streets. These days, with our gasoline prices hovering in the 77 to 82 cent per litre range, people are hardly taking notice. Note that the yo-yoing is still going on, but people for the most part are extremely happy with the current gasoline prices in our area.

Not many are talking about the low prices, I think everyone is just hoping that if they don't say anything, the prices will stay low for a while, at least until the holidays are over.

Here is my latest photo at the pumps:


This was taken on September 23, 2006 at the Shell gas station at Eglinton and Kennedy.

I think that this lull will be short-lived and prices will skyrocket once we (the West) have reason (?) to raise prices again. Certainly, a night or two of CNN hype over something will cause our prices to escalate again. I hope I am wrong.

Stay tuned.

For more information please contact A. Mark Argentino

A. Mark Argentino Associate Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS 905-828-3434
FAX 905-828-2829
E-MAIL mark@mississauga4sale.com
Website: Mississauga4Sale.com

Wednesday, September 13, 2006

TD Bank article on $55 per barrel crude price prediction



This is the TD article that appeared in the Star, for those that want to read the entire article.

TD predicts commodity price retreat
Sep. 13, 2006. 04:02 PM
CANADIAN PRESS


The price of oil will ebb to $55 (U.S.) per barrel by year-end and nickel is in for a tumble, economists at Toronto-Dominion Bank (TSX: TD) predicted Wednesday.

And overall commodity prices are likely to pull back nine per cent by the middle of 2007, "weighed down by a correction of almost 25 per cent in base metal prices and a further 25 per cent adjustment to crude oil prices," Derek Burleton and Natasha Apollonova said in a commentary.

"Some upside or relatively modest downside to natural gas, forestry, precious metals and agricultural prices should help to cushion the blow."

TD's commodity price index in U.S. dollars rose 2.5 per cent in August, but "the summer's rally has faded," they wrote.

In the oil market, with an easing of supply worries and an expected slowing of U.S. economic growth to a sluggish annual pace of two to 2.5 per cent, "look for the recent downtrend in the price of crude to continue."

TD's $55-a-barrel (U.S.) year-end target compares with a mid-July peak of $78.40 and Wednesday's price in the $64 range.

In base metals, the price of nickel has nearly doubled this year, up about 35 per cent since June while aluminum, copper and zinc all remain below their levels in May, the TD report notes.

"Despite the fact that the nickel market is expected to remain in a deficit position later this year, we believe that emerging signs of a slowing U.S. and global economy will help to relieve some of the existing supply concerns, pushing the price down by almost 20 per cent during the fourth quarter of 2006 alone," it says.

"Look for a further reduction in prices to a more sustainable level in the first half of 2007."

Later next year, overall commodity prices are projected to rebound by 10 per cent, "supported by a bounce-back in the U.S. economy."




For more information please contact A. Mark Argentino

A. Mark Argentino Associate Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS 905-828-3434
FAX 905-828-2829
E-MAIL mark@mississauga4sale.com
Website: Mississauga4Sale.com

More Gasoline and Crude Oil Price Announcements and Predictions



The TD Bank, yes, the TD Bank announced today that they predict crude oil prices will be as low as $55 per barrel this fall. That is astounding! If this is the case and the same logic is applied to raising the gasoline prices when crude oil prices rise, then our gasoline prices should be in the mid to low 60 cent per litre range by the end of this year. Natural Gas prices should fall too. Of course, I just renewed with RiteRate for 5 years at 38.5 cents per cubic meter!

This graph shows the close correlation between crude prices and gasoline prices.


The graph below is the same comparison as the graph above, except it shows the trends over the last 18 months.



Only time will tell if the gasoline prices fall when the crude price falls, just as it does when it rises.

For more information please contact A. Mark Argentino

A. Mark Argentino Associate Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS 905-828-3434
FAX 905-828-2829
E-MAIL mark@mississauga4sale.com
Website: Mississauga4Sale.com

Tuesday, September 12, 2006

August and Early September of 2006 - The Highs and Lows in gasoline prices

So here we go again with the yo-yo gasoline prices. I guess I should not complain, at least they are lower than they have been for some time.

One of the reasons that I began this gasoline Blog is so that I have a record of gasoline prices that is available to look at years and even decades from now. I want my children to see how cheap gasoline was at 80 and 90 cents per litre when your dad was a young 47 years old in 2006!

Today's entry will show some prices around Mississauga over the past month or so. Crude prices have dropped dramatically, the war between Israel and the Palestinians in Gaza has calmed down significantly, we've had zero Atlantic hurricanes so far that have been of any significance and certainly none that have threatened the supply of crude or gasoline in the Gulf of Mexico or surrounding areas, the US economy is wavering, our economy is softening somewhat, certainly real estate prices seem to have plateaued and in general there is much calm locally, nationally and internationally. My opinions of course.

I don't have a photo to show you, I guess I could photocopy my bill, but we took a vacation in early August to relax and do some boating in the Lindsay area and I was totally disgusted at the gasoline prices on the 401 along the way. Prices were $109.9 at almost every station. Here's the clincher. We were boating just north of Lindsay on Sturgeon Lake and Pigeon Lake in the Bobcaygen area. We went through the lock at Bobcaygen, see us in this photo,


and ended up boating for about 35 kilometers along the Trent Severn Waterway and on the way back I figured that better safe than sorry, so I pulled into the famous Gordon Marine on the east (lower) side of the Bobcaygen lock for gas. There was a 37 foot Sea Ray gulping in some much needed gasoline. I took at look at the pump and needless to say, I've never seen gasoline prices that high. (As an aside, last summer we were boating at Pointe-Au-Baril and highway gasoline prices were about $1.00 to $1.05 per liter and at the dock at Desmandens marina I needed gas and paid $1.14.9 per liter, this was the highest I had seen during 2005). The gasoline price at Gordon Marina was $1.29 per litre. Needless to say I only put in $50, enough to ensure a safe 17km trip home. I asked the attendant what the Sea Ray put in and his quick comment was, "$200 - just enough to get him home" If gasoline were $1.20 per litre in the USA, they would storm the capital in Washington and Lynch the president!

At any rate, here is my next observation and photo of gasoline prices.

On August 24th I was absolutely ecstatic to see gasoline prices below a dollar let alone under 90 cents per litre.















By the next week when we were back in the city, August 28, 2006, prices had risen again to 91.5 cents per litre at the Esso at the corner of Erin Mills Parkway and Credit Valley Road.

















The next day prices had fallen by 8 cents per litre - overnight! I was furious at the yo-yo ing but happy at the absolute value.















The following day, prices were down even further to 79.9, this was on August 30, 2006
















Over the next week I had seen prices at the pump as low as 76.9 cents per liter. I'd heard that at some stations the price hit 74.9 cents per litre. By the following week on September 6th, prices were somewhat levelling out at about 78.5 cents per litre.
















Today, I saw an outrageous price at a Sunoco on Mississauga Road just south of Streetsville.





















If you look carefully you will see that there is a ladder under the sign and maintenance workers are testing the sign as this station is about to re-open after some serious renovations! The most significant item in the photo above is the fact that the first number is a 4, is Sunoco preparing for future prices in the $4 per litre range... that is a very scarey thought.

The bottom line is that we are currently experiencing some exceptionally low gasoline prices in Mississauga and surrounding areas and I don't think that these prices will be around for too much longer. We've had this lull of global in-activity and almost surely there will be another Atlantic hurricane to come along that will cause some hype and increased pressure on gasoline prices. Only time will tell. These prices may be the last of the under 80 cents per liter and now we can share these stories with our grandchildren.

This photo was an interesting diversion in Lindsay, not only is the car 'half size' but so is the house number! This is probably our future, half the size of our present day automobiles, half the house size and half the energy consumption to offset our higher energy costs all around.















All the best,
Mark


For more information please contact A. Mark Argentino

A. Mark Argentino Associate Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS 905-828-3434
FAX 905-828-2829
E-MAIL mark@mississauga4sale.com
Website: Mississauga4Sale.com

Wednesday, August 16, 2006

More Gas Price Rants

These are some pictures I have taken showing the yo-yo of gasoline prices over the past 6 months or so

November 3rd of 2005

















November 16, 2005 at $102.9 I recall being so disgusted at the price being over $1.00 per litre.
















This was taken May 10 2006, shows you how the prices were down at that time.


















This is a motel in Niagara Falls... Reminiscing of the good old days when gas was 39 cents per gallon

















During late July and early August of 2006 the price of crude oil was pushed up over $75 per barrel, due to the middle east crisis and other uncertainties in the market and the price of gasoline was regularly seen at $1.05 to $1.09.9 per litre.

We were boating up at Bobcaygen during the week of August 7th and we had to top up the boat at a Marina on the water, Gordon Marine, one of the more famous marinas on the Trent and the price per litre was $1.29.9 ... needless to say, I only put in $50 worth!

Today, August 17th the price of gasoline at the pumps is an exceptionally low price of $92.5 cents per litre.

I will update you as I gather more information.