Regulated Gas Prices Cost Consumers More
By 250 News
Thursday, April 26, 2007 12:29 PM
As the price at the pumps jumped another 5 cents in Prince George, a report on regulated gas prices was released on the other side of the country.
The report was commissioned by the government of Nova Scotia to examine how its system of regulated prices was faring eight months into the new regulations.
The bottom line of the $132 thousand dollar report is that
- it is costing consumers about one cent more per liter,
- Consumers seem to welcome the stability in pricing, and
- It is too soon to tell if the plan is a success.
The report is now under review so the Nova Scotian government can make a decision on whether or not it will stick with the regulations which fix prices for two weeks at a time. One of the recommendations in the report calls for the price setting to be changed weekly instead of every two weeks.
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Posted by: freebc on April 26 2007 5:14 PM
that pretty much says it all..