Saturday, October 18, 2008

ARE NANAIMO DRIVERS STILL BEING GOUGED AT THE PUMPS


THIS IS THE PRICE OF GAS
IN OTTAWA AS OF TODAYS DATE.


THIS IS THE PRICE OF GAS
IN NANAIMO AS OF TODAYS DATE


Oil prices have been falling like a rock this past week, which is one of the good things to come out of the present economic turmoil. They are 50% of what they were last July when pump prices peaked at about $1.50.


Now the oil companies say it takes several months for the lower crude oil prices to be reflected at the pumps. However, I seem to remember that before hurricane Ike had even hit land that on the pure speculation there would be an oil shortage the pump prices jumped by 15 cents per litre in one day.

Does that mean it takes months for falling prices to be reflected at the pumps but seconds to be changed if the price may be going up?

I am all for free enterprise but these oil companies are operating like a monopoly and the only ones who can seem to be able to bring them to heal would be a massive consumer protest of some kind.

They pretend there is competition and it seems that the Quebec government is the only level of government which has any stomach for taking these companies to task.

allvoices

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