Putting heat on gas prices
It's hard to accept that the supply and demand equation can change overnight, to the tune of 10 cents a litre while crude prices are stabilizing. Nor does it make sense that the average retail price of gasoline in Ontario has meanwhile shown a decrease, with some stations selling fuel as low as...
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| Published in | Leader (Surrey, B.C. 1998) |
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| Format | Newspaper Article |
| Language | English |
| Published |
Surrey, B.C
Torstar Syndication Services, a Division of Toronto Star Newspapers Limited
23.03.2007
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| Online Access | Get full text |
| ISSN | 1490-7526 |
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| Summary: | It's hard to accept that the supply and demand equation can change overnight, to the tune of 10 cents a litre while crude prices are stabilizing. Nor does it make sense that the average retail price of gasoline in Ontario has meanwhile shown a decrease, with some stations selling fuel as low as $.98 per litre this week. And it's even cheaper across the border. While irksome, those fees don't have the same bruising effect of sky-high fuel costs on consumers. The impact of a 10-cent per litre gas hike can translate into thousands of dollars in additional annual costs for commuters and truckers. That means a negative economic impact, as families and companies have to readjust their budgets to handle the increased costs. It must be understood that the global crude oil supply and refinement equation is extremely complex, subject to free market volatility. Attempting to closely regulate fuel prices on a provincial or national scope may be impractical if not unworkable. |
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| ISSN: | 1490-7526 |