Another Drop at the Pumps
Friday, October 26, 2012 @ 3:04 PM
Prince George, B.C.- The price of a litre of gas has tumbled again in Prince George with many stations offering a litre of regular unleaded for $1.259.The web site www.bcgasprices.com is reporting at least one station in Prince George (KG Store on 15th) has regular gas going for 1.239 a litre.
The average price in B.C. this afternoon is $1.247 with the lowest price being in Comox at $1.159 and the highest in Fort Nelson at $1.499.
Even with the price sitting at $1.259 in Prince George, the Canadian Centre for Policy Alternatives Gas Gouge Meter says that is 17.9 cents too high “With today’s crude oil price of $86.24 USD per barrel and the US dollar at 100¢ CAD, the price of regular unleaded gasoline in Prince George, British Columbia should be $1.08 per litre at normal profit margins. At a price of $1.259 per litre, you are paying 17.9¢ per litre in pure excess profit. Across Canada, an extra margin of 17.9 cents per litre generates an additional profit of 17.60 million dollars per day.”
Comments
About freaking time prices came down! Why did they come down now though? Any reason for this?
Enbridge trying to get brownie points!
They are coming down now, in Prince George because they are coming down all over Canada. Once the dust settles we will still be paying more than anyone else, so we are not getting any **deals**
We are in fact getting ripped of by the oil companies and the service stations, and of course the Government who gets the taxes.. Whats new???
NoWay: “Enbridge trying to get brownie points!”
Seriously? Please tell me you’re kidding.
The Co-op has a 130,000 barrel per day refinery in Regina Sask. Co-op is owned by Federated Co-op Limited.
I suspect that they get thier fuel from this plant shipped either by truck or rail. It also would not surprise me if they got some of thier fuel from the Husky Refinery in Prince George through some sort of trade off.
Who knows??
Some people need to see how the world works
I remember when .70 cents a liter was a good price. We’ve now been conditioned to think anything below 1.30 is a deal.
Yup, $122.5 here in White Rock right now.
Love that transit tax in PG
Son just came back from lower rainland; had to fuel at Quesnel-still $134.9. Wouldn’t have made it home otherwise!!
No a happy camper.
Hopefully when Costco puts in its pumps it will go even lower.
yep costco will drop the bar
They bring prices down every once in a while so we will forget what the last high price was.
Then when most of us have forgotten, they jack it back up past the last high. Usually when we are having to warm up our cars in the winter and let them run 10 – 15 minutes extra each day before we drive off.
It’s a racket for sure and we are just pawns in their games. Government is just as guilty as the gas companies. The amount of tax is tied to the price of fuel. Never see the government offer to reduce the amount of tax to keep the price at a more reasonable level for us. They are at the trough along with the oil companies.
So the lie they keep telling us that the higher demand is what drives the prices up must be exactly that, a lie.
The demand in Vancouver must be a lot higher than it is here because they have 1000 times as many vehicles driving down there. I’ve always heard that higher production brings prices down, so if you’re selling large volumes of whatever the commodity is, the unit price will be lower.
When they tell us the demand is higher, then the prices should come down, right? They have all the production they need. You don’t see gas stations here running out of fuel, do you?
Comments for this article are closed.