Gas Price Jumps 5 Cents
By 250 News
Friday, January 01, 2010 08:39 PM

Prince George, B.C.- Gas prices jumped in Prince George today, climbing 5 cents per litre.
It had been 97.9 cents for a litre of regular gas, but by the time people got out of bed after a late night of celebrating the New Year, the price had ballooned to $102.9.
According to the Canadian centre for Policy Alternatives, with today's crude oil price of $79.36 USD per barrel and the US dollar at $1.05 CAD, the price of regular unleaded gasoline in Prince George should be $1.01 per litre at normal profit margins.
That extra 1.9 cents generates an additional profit of $1.9 million dollars a day for the oil companies.
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