A Picture's Worth.....106.9
By 250 News
Prince George, B.C. - For the past week, some Esso gas stations in Prince George have been offering a litre of regular gas at 104.9, a full four cents higher than everyone else. The reason for the difference was supply. A refinery in Alberta had suffered some damage during a recent storm and it would take a little while to get the refinery back up to full production.
Today, all other gas stations are at 106.9, up six cents from thier last week's mark.
According to the Canadian Centre for Policy Alternatives Gas Gouge Meter, that is 9.7 cents too high:
"With today's crude oil price of $71.24 USD per barrel and the US dollar at $1.08 CAD, the price of regular unleaded gasoline in Prince George should be 96.8¢ per litre at normal profit margins.
At a price of $1.069 per litre, you are paying 9.7¢ per litre in pure excess profit. Across Canada, an extra margin of 9.7¢ per litre generates an additional profit of 9.7 million dollars per day."
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I started carpooling about three months ago. That puts about two to three dollars into my pocket each day instead of the pockets of the petrol people. I don't particularly enjoy carpooling but I like the money in my pocket.