Gas Pricing High Octane: One Man's Opinion
By 250 News
Monday, April 24, 2006 03:49 AM
-by Ben Meisner
Just who is getting it stuffed to them in the gas prices across Canada?
You can put a big blue flag right in the center of Prince George because regardless of what the wholesale gas price is, regardless of the fact that in the major cities they have additional taxes added on at the pumps, PG always seems to be right there at the top for gasoline gouging.
It is not the Husky refinery that has been nailing you.
The national average wholesale mark up is 15.1 cents a litre, while in Vancouver the wholesale mark up is 19 in Victoria 19.9. In Prince George the wholesale mark up is 17.3
Now lets look at the Retail markup.
In Vancouver the retail mark up is 3.6 cents a litre, the national average is 4.9 , and here in Prince George the retail mark up is 9.7, just under twice the national average.
Oh the gas companies need the money, look at Lee Raymond, the former chairman of Exxon. He got a $356,000,000 .00 dollar retirement package. Exxon earned $36 billion in its last fiscal year, ($44 billion Canadian) so whoever is the Chairman of the Board at Petro Can should be receiving a hefty bonus if for no other reason than being able to be the first one out of the gate in almost every single instance when the price has gone up in P.G.
The US produces about 3% of the world's fossil fuels and consumes about 25% of the total supply in the world.
Funny as it may seem we, (at least I thought we did) owned the Oil sands. I wonder what would happen if we tagged the US with a countervailing duty saying they are gouging the Canadian public with their gas prices and using that tariff to offset the price in Canada? Iwonder what would happen?
Well for certain the price of gas would come down in Ottawa, as for us, out of sight out of mind….
I’m Meisner and that is one man's opinion.
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