Crude Oil

[farming101]

Has posted a 16 year low on the nearby chart. Do not think that this will result in cheaper and cheaper fuel. Could be quite the opposite after a while

[4GFarms]

Down $2/barrel. Bring on the cheap fuel!!!

[errolanderson]

Historic lows for Cdn Select this morning . . . .

Alberta heavy crude now down $2.44 to $12.23 per barrel. Bitumen discounts now actually widening an extra $1 to $15 per barrel under WTI oil.

This is hammering the loonie . . . below 70 cents today.

[farming101]

Tipping point today for the CAD.
.6981 held for all of a couple hours. Wow

[bucket]

Margins have to be pretty good for the refineries....because gas is still at 96.9 cents at local co-op sign...

FN crooks....

[farming101]

Expect refineries of fully integrated oil companies to began to increase their margins on refined products.
What this will mean for retail prices I am not sure. Will depend on demand for products

[Guest]

Margins have to be pretty good for the refineries....because gas is still at 96.9 cents at local co-op sign...

FN crooks....

Was $.78 in stoon yesterday

[farming101]

Rack price today at Saskatoon is .513/l for diesel and .371 for gasoline. We have hit rock bottom on gas or very near to it

[SASKFARMER]

Last time oil was down here I bought real soon . This time not sure.

[bucket]

Rack price today at Saskatoon is .513/l for diesel and .371 for gasoline. We have hit rock bottom on gas or very near to it

I am making the assumption thats the cost of refining ...any lower and they are actually losing money?

96.9 at the local co-op yesterday as I drove by...they are still cleaning out the rural people's wallets...