Gas Price Jumps Five Cents a Litre
By 250 News
Prince George, B.C. - It was expected, the price of gas tends to jump on the eve of a long weekend.
Yesterday, everyone headed to work with the price at 129.9 cents per litre. By the time they headed home for the night, the price had jumped 5 cents.
According to the Canadian Centre for Policy Alternatives Gas Gouge Meter, the new price is 13.9 cents too high.
"With today's crude oil price of $111.93 USD per barrel and the US dollar at 95¢ CAD, the price of regular unleaded gasoline in Prince George, British Columbia should be $1.21 per litre at normal profit margins.
At a price of $1.349 per litre, you are paying 13.9¢ per litre in pure excess profit. Across Canada, an extra margin of 13.9¢ per litre generates an additional profit of $13.9 million dollars per day."
According to the website, www.GasBuddy.com , the cheapest gas price in the Province is at the Costco in Sumas, where a litre of regular will cost you 119.9 cents. The highest prices are in Ft. Nelson, ( 142.9 cents per liter) and in Ft. St. John, where last night a litre of regular would cost you 138.9 cents.
Throughout Chilliwack and Abbotsford, gas was 119.9 cents per litre.
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