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Gas Prices Slip Further

By 250 News

Sunday, October 14, 2007 11:02 AM

The price of a litre of regular gas has slipped in Prince George.  Down a further 2 cents to  103.9 per litre.

The Canadian Centre for Policy Alternatives  Gas Gouge Meter  indicates that is still  too high.

"With today's crude oil price of $83.69 USD per barrel and the US dollar at $0.97 CAD, the price of regular unleaded gasoline in Prince George should be $1.00 per litre at normal profit margins.

At a price of $1.039 per litre, you are paying 3.6¢ per litre in pure excess profit. Across Canada, an extra margin of 3.6¢ per litre generates an additional profit of 3.6 million dollars per day."


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Comments

I ma not sure I understand the "further" 2 cents. It had been at 104.9 for some time after coming down from a considerably higher level, then went up just recently to 105.9 ... so, the way I see it, it has come down a futher penny from the high during the summer. It was 110.9 west of here out to Rupert a week ago, wiht a drop to the 104.9 in Terrace only.

3.6 cents of pure excess profit is considerably better for the consumer than the much higher excess profit there was in the summer, if I remember correctly.
Why doesn't anyone talk about the amount of tax on gasoline that increases and decreases with the price? If anyone in government cared about the price of gas for the consumer, they should voluntarily roll back the amount of tax they charge us.

Where on earth does everyone think the huge government surplus' came from? Resources? Chester
OH big deal. Gas is 0.96 per litre in maple ridge. PG still getting hosed.
Propane prices are probably attached to a yo yo.
So, can somebody explain why prices are higher here in PG than in Maple Ridge? I understand that transportation is expensive, but we're closer to both the oilfields and the refineries. Real estate for gas stations is a significant expense in some places, but there again costs in PG should be lower than in the lower Mainland. So why do we pay more?
Ever notice that it goes up by a nickel or a dime at a time, but comes down a penny or two at a time. Are the big gas company lowering the prices because they plainly feel guilty of their bottom line.

I remember back in the mid nineties when gas was 39.9 cents for three four years.

A those were the days when propane was under 20 cents a litre.

I remember the days when there was no gasoline and there was no word for it either and people travelled by horse and buggy ......

Strange how things change .....

Then again, I remember the day when someone went to the moon and many thought that we would have a colony up there by 2010 .... instead we are getting an underground train in Vancouver .....

;-)
BTW ... the London England subway was first opened in 1863 .....

;-)
Gss in Abbotsford/Chilliwack is 86.0 and has been for quite some time, check out the gas buddy website
Oil is up $1.45 a barrel at 7:00 am.
Don't get too excited yet, but you should fill up your tank.
It is not going be there long and when it climbs,it will climb BIGTME!
Gold is also up over $10.00 at the same time this morning so all the signs are there.
Seasonal demand is on the rise also,so it is only going go up in price and it WILL be a big increase!
Wait for it!
We think we're getting hosed here. I just got back from Europe and they pay $1.66 CDN for a litre of diesel. Yikes!
We just got back from Vancouver yesterday where the price of gas ranged from $1.03 to $1.059, not bad considering the transit tax included. Stopped in Alergrove on the way home and filled up for $.899. In Abbotsford the price was $.919. It must be awfully expensive to ship that gasoline here.
I notice the price of a litre of diesel has been 'slipping' upward too. 1.039 at some places in PG, but the Shell in the continental site was at .93/l that's almost eleven cents per litre cheaper (0r 49 cents per Imperial gallon)
By the way, Bigbee, I don't suppose the European country you speak of actually pays in Cdn. currency, so I assume you are converting theirs to ours, which I have found may not accurately reflect their cost. I noticed that in Great Britain most common items there (like a litre of gasoline or a jug of milk etc.) cost them about the same in pence or pounds as it would have cost here in pennies or dollars. So converting our costs from Cdn. to Lbs sterling sure makes it way more expensive for the travelling Canuck, but not necessarily more for them.
metalman.