in your City
Higher energy costs will add $2000 in expenses to average Canadian families' budgets. Will this affect your spending plans ?
YOUR FIRST AND ONLY CREDIBLE SOURCE FOR GAS PRICE PREDICTIONS IN CANADA
TGPT in the news http://www.cbc.ca/news/business/oil-prices-drop-gas-prices-follow-1.2702987
YOU ASKED : “Why are gas prices cheaper in Cottage Country” aka -TOO GOOD TO BE TRUE PRICING
The 4-6 cent advantage you get when purchasing gasoline outside places like Toronto is only the gas station foregoing or being denied a reasonable margin on which to survive. Depending on volumes, and unless selling truckloads of potato chips, you CANNOT survive as an independent unless you have a retail margin of at least 5 cents a litre. That’s because after credit card charges or loyalty programs (if you are a branded indy) which comes out of that 5 cent margin, you have little left to pay for your overhead – taxes, electricity, wages, etc. In Toronto, the retail margin is 8 cents. In Orillia today, at 123.9 (July 22 ) it’s “0″. Since all gas stations pay the same wholesale price, the only difference is the retail margins they charge. At “0″ cents for a retail margin, the station owners automatically lose 2 cents on every litre honouring Master Card or Visa purchases (that’s why Costco refuses them).
Is it any wonder that so many stations fail in those areas ? While other US based gas sites trumpet “the lowest price is best” (where strong anti-trust prevents retail margin squeeze by the big players against the indies) motorists in Toronto and Vancouver, absent a vigorous independent retail gas presence, now pay an inflated retail margin – the result of years of below cost selling by corporate owned stores in those same markets.
ALL NEW TGPT IPHONE APP … Our *NEW* iPhone app has just been released. Android and Blackberry apps to follow over the next few weeks … We think you’ll like it! Check the App Store on your iPhone or iPad to get it for free or access app Updates in the app store if you downloaded the previous version. Or see more info here -btw – just like buying gas, building this app wasn’t free and ads help support its development and maintenance – a minor inconvenience when your consider the savings the site provides you.
NEW – FUEL WATCH
With so much going on in our lives, trying to figure out how to budget isn’t helped by the erratic peaks and valleys of gas prices. So we thought we’d give you a heads up on events that contribute to triggering price changes a few day before they happen. Feel free to use our forum page to add your own thoughts on what affects the cost of energy, which now takes up about 25% of your disposable income.
FOR THE WEEK OF July 14 – July 18
THE FOLLOWING WILL DETERMINE GAS PRICES LATER IN THE WEEK:
- News on Iran’s talks over nuclear proliferation
- U.S. Weekly Petroleum Inventory Report – Wednesday 10:30 am
- Strength of Canada’s loonie vs. the US Greenback
- Energy speculators turning bullish on news of Chinese economic growth last quarter
- Panic premium over the Middle East subsides with resumption of oil production (Iraq/Libya) �
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