Gas Prices Jump
By 250 News
Prince George, B.C.- With the troubles in Libya and the concerns about the stability of oil supplies in the middle east, you just knew the gas prices in our neck of the woods would be going up.
Yesterday a litre of regular gas cost $1.159. Today that same litre costs $1.239, an increase of a full 8 cents.
According to the Canadian Centre for Policy Alternatives Gas Gouge Meter, the price we are paying is 9.9 cents a litre too high.
"With today's crude oil price of $97.88 USD per barrel and the US dollar at 98¢ CAD, the price of regular unleaded gasoline in Prince George, British Columbia should be $1.14 per litre at normal profit margins.
At a price of $1.239 per litre, you are paying 9.9¢ per litre in pure excess profit."
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