Gas Jumps 8 Cents
By 250 News
Tuesday, April 01, 2008 04:58 PM
Prince George, B.C. - The price of a litre of regular gas jumped 8 cents over night. Drivers are now paying 126.9 cents a liter, up from 118.9
The increase is well above the normalized price says the Center for Policy Alternatives.
The Center says the Prince George gas prices are 12.0¢ per litre above the normalized cost of $1.15 per litre in Prince George
"With today's crude oil price of $100.76 USD per barrel and the US dollar at $1.02 CAD, the price of regular unleaded gasoline in Prince George should be $1.15 per litre at normal profit margins.
At a price of $1.27 per litre, you are paying 12.0¢ per litre in pure excess profit. Across Canada, an extra margin of 12.0¢ per litre generates an additional profit of 12.0 million dollars per day."
Previous Story - Next Story
Return to Home
GREEEEEEEEEEEEEEEEEEEEEEEDY PIGS