Up then Down, Then Up, Then Down, Summer Gas price Roller Coaster Ride
By 250 News
Friday, June 26, 2009 05:28 PM

Prince George, B.C. - It is a weekend, right? It is the summer, right?
Then how come the price of a litre of regular gas just slipped by two cents?
While some stations in Prince George are still offering gas at 1.099, we have found a couple ( Esso at 5th and Central, PetroCan, Turbo , Esso on the Hart) that dropped their price by two cents a litre this afternoon.
I
t is still too high says the Canadian Centre for Policy Alternatives:
“With today's crude oil price of $69.16 USD per barrel and the US dollar at $1.15 CAD, the price of regular unleaded gasoline in Prince George should be 98.4¢ per litre at normal profit margins.
At a price of $1.079 per litre, you are paying 9¢ per litre in pure excess profit. Across Canada, an extra margin of 9¢ per litre generates an additional profit of 9 million dollars per day”
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