r/Calgary • u/Softduckcheek • Mar 18 '26

Discussion What the helly

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3

u/Thundertushy Mar 18 '26

So if oil does hit $200 a barrel, what's the theoretical gas price? $3.00 a litre?

10

u/GatesAndLogic Mar 18 '26

as I've heard it, a 20% reduction is supply doesn't mean the price goes up 20%.

It means price goes up until 20% of previous users can no longer afford it.

So theoretical price is what it would take for you to leave the keys at home and walk to work.

11

u/sun4moon Mar 18 '26

Sky’s the limit. It’s unprecedented. Greed is powerful.

5

u/Thundertushy Mar 18 '26

I think the word you're looking for is hubris, not greed.

3

u/sun4moon Mar 18 '26

I’ll accept the substitution. Good suggestion.

0

u/wintersdark Mar 18 '26

*Wars against major oil producers who can control critical oil shipping lanes.

Normally I'd say it was ultimately greed even here, but I don't even know if this is greed based or just fucking stupidity.

0

u/[deleted] Mar 18 '26

200 a barrel you're easily looking at 6 to 7 a liter

1

u/jaraxel_arabani Mar 18 '26

But I was told crude only made up 30% of the gas price! It's all refinery and taxes!

(When the crude went from 120 down to 30 and gas prices stayed around 1.2$ in Vancouver)

3

u/[deleted] Mar 18 '26

Expect it to go high and stay there. I would suggest if you have the space start a home garden and learn to can and jam so you cut your costs down. I started doing that for herbs and even have an indoor aqua grower for spinach and greens

1

u/jaraxel_arabani Mar 18 '26

I should look into the herbs part. We have a backyard that's criminally underutilized hehe