Up Another 3 cents Per Litre!
By 250 News
Tuesday, May 22, 2007 09:57 PM
According to the Canadian Centre for Policy Alternatives Gas Gouge meter:
"Your gas prices are 34.3¢ per litre above the normalized cost of 93.7¢ per litre in Prince George
With today’s crude oil price of $65.51 USD per barrel and the US dollar at $1.09 CAD, the price of regular unleaded gasoline in Prince George should be 93.7¢ per litre at normal profit margins.
At a price of $1.28 per litre, you are paying 34.3¢ per litre in pure excess profit. Across Canada, an extra margin of 34.3¢ per litre generates an additional profit of 34.3 million dollars per day."
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