Another Punch At the Pumps
By 250 News
Prince George, B.C. - Prince George motorists are in for some 'sticker shock' at the pumps this weekend...
Gas prices have jumped another four cents per litre at a number of stations across the city to 127.9 for regular. This hike comes just two weeks after the price rose a full eight cents in a day, from 115.9 to 123.9.
According to local posters on BCGasPrices.com, there are still some service stations that have yet to ratchet the rate, but that may no longer be the case by the time you head out for your Saturday shopping. Prices on the Lower Mainland vary from 119.9 up to 128.3.
The Canadian Centre for Policy Alternatives' Gas Gouge metre says the new price in Prince George is 12-cents above what we should be paying: "With today's crude oil price of $101.16 USD per barrel and the US dollar at 97¢ CAD, the price of regular unleaded gasoline in Prince George, British Columbia should be $1.15 per litre at normal profit margins."
"At a price of $1.27 per litre, you are paying 12¢ per litre in pure excess profit. Across Canada, an extra margin of 12¢ per litre generates an additional profit of 11.52 million dollars per day."
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But why are BC rates so much higher than any other provice????