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Bullboard - Stock Discussion Forum Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks... see more

TSX:SU - Post Discussion

Suncor Energy Inc. > Interesting Pricing
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Post by Experienced on Nov 27, 2022 3:46pm

Interesting Pricing

Stopped for a gas fillup today and was scratching my head at the pricing.  Perhaps people here can understand this and better yet know how it works.  While I was at the pump, I noticed the following pricing...

Regular - 87 octane......140.9 per litre

Mid range - 89 octane....160.9 per litre

High Test - 91 octane......168.9 per litre

Diesel..............................204.9 per litre

Soooo...2 extra bits of octane over regular was another 20 cents a litre but a further 2 extra bits of octane was only another 8 cents a litre.  The spread for diesel 64 cents a litre!!
Comment by MigraineCall on Nov 27, 2022 5:05pm
Yes, its a bit of a scam, and consumers are the mark. Today I paid the equivalent of $CAD 1.30 per litre for 95 Octane here in northern Thailand. Our crude oil comes from Saudi Arabia for the most part, which is a much costlier crude price per bbl than in Canada, then it is refined here. Malaysia has even better fuel, and costs only about 2/3 of what I pay in Thailand. 95 is the lowest octane you ...more  
Comment by Experienced on Nov 27, 2022 7:24pm
Migraine....yep....things are different around the world as they set the the pricing to capture as much area under the demand curve as possible to maximize oligopoly pricing. In Europe, like what you say in Thailand, the basic gas is 95 octane and high test is 97.  North America is different in this regard. As I mentioned in a post a while back, in Spain, the diesel prices were about the ...more