Thursday, February 12, 2009

Big Time Gas Gouging Hits Victoria! (again, still)

Your gas prices are 21.8¢ per litre above the normalized cost of 77.1¢ per litre in Victoria.

With today's crude oil price of $33.77 USD per barrel and the US dollar at $1.24 CAD, the price of regular unleaded gasoline in Victoria should be 77.1¢ per litre at normal profit margins.

At a price of 99.9¢ per litre, you are paying 21.8¢ per litre in pure excess profit. Across Canada, an extra margin of 21.8¢ per litre generates an additional profit of 21.8 million dollars per day.

Calculations based on Hugh Mackenzie's Gas price gouge: The sequel.
From http://www.gasgouge.ca/

If you would like to make your thoughts known where they count, contact
Honourable Blair Lekstrom Minister of Energy, Mines and Petroleum Resources
Contact Information
Phone:250 387-5896
Fax:250 356-2965
PO Box 9060 STN PROV GOVT Victoria BC V8W 9E2
E-mail the minister EMPR.Minister@gov.bc.ca
Honourable Blair LekstromMinister of Energy, Mines and Petroleum Resources
Contact Information
Phone:250 387-5896Fax:250 356-2965PO Box 9060STN PROV GOVTVictoria BCV8W 9E2