Gas Jumps
By 250 News
Prince George, B.C.- Just as crocus and tulips are coming up around the City, so is the price of gas. Just yesterday it was 92.9 cents a litre, and today it climbed a full 6 cents!
According to the Canadian Centre for Policy Alternatives Gas Gouge meter, that is 9.1 cents a litre too high.
"Your gas prices are 9.1¢ per litre above the normalized cost of 89.3¢ per litre in Prince George. With today's crude oil price of $56.35 USD per barrel and the US dollar at $1.17 CAD, the price of regular unleaded gasoline in Prince George should be 89.3¢ per litre at normal profit margins. At a price of 98.9¢ per litre, you are paying 9.1¢ per litre in pure excess profit. Across Canada, an extra margin of 9.1¢ per litre generates an additional profit of 9.1 million dollars per day."
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