Gas Price Jumps
By 250 News
Wednesday, December 29, 2010 06:20 PM
Prince George, B.C. – The price of a litre of regular gas has jumped to $1.169 overnight.
The price had been in the $1.089 range since last summer, then did a quick hike to $1.129, before slipping back to $1.069 where it had been for a couple of weeks.
This afternoon, the party was over, as the price went up ten cents to its new mark of $1.169.
According to the Canadian Centre for Policy Alternatives Gas Gouge Meter, that is 5.9 cents too much.
“With today's crude oil price of $91.21 USD per barrel and the US dollar at 100¢ CAD, the price of regular unleaded gasoline in Prince George, British Columbia should be $1.11 per litre at normal profit margins.”
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