I filled up my car yesterday! I noted that the price of gas at the gas station I use in the city increased its gas prices by 9 cents per litre overnight! I don't understand. Someone tried to explain that "supply and demand" crap to me. I still don't understand. Both of the leading political parties here in Alberta say they're our resources. So why does it cost more for gas here than it does just south in Montana. Most of the gasoline comes from here! They say the price of gas may hit $1.60 per litre in the summer. That's crazy!
To heck with supply and demand. Albertan refineries make gasoline from our Albertan oil right here in Alberta. It doesn't cost them $1.60 per litre to make it. It probably doesn't cost them 25 cents a litre to make it. So where's all the money going? Somebody's making a whole peepot full of money at our expense!
Another question for our political candidates?
Any attempt at regulating gasoline prices - like PEI, Newfoundland, Nova Scotia, New Brunswick and Quebec all do, in some fashion - would no doubt be viewed by the more oil industry-friendly folks in the two front-running parties as unnecessary interference in the market, at best -- and as some 'socialist plot' or something else ridiculous, at worst.
ReplyDeleteBut I imagine that even more mild forms of regulation - something to soften the shock of seemingly random price fluctuations, or to curb short-term price gouging in lieu of long weekends and holidays - would be met with howls of protest too.
In Nova Scotia, part of their price regulation scheme is fixing when gas stations can change their prices, to the same time every second Friday. This is done to make prices more predictable from day to day.