Despite some recent drops in the price of oil in international trading, the price of gas remains quite high in Canada.
It remains to be seen whether the recent drops in oil prices will soon translate to savings at the pump.
If oil prices continue to fall it could put downward pressure on gasoline prices, but there is often not a direct correlation between international oil prices and what we pay at the pump.
The price of oil dropped almost $2.50 this week to close at $90.68 a barrel, off from the high $90′s cost-per-barrel that we have seen in recent weeks.
Gasbuddy.com, meanwhile, says the average price of regular across Canada is now just under $1.30/litre, which is up 25 cents from a week ago.
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On this date last year oil was $12+ a barrel more expensive yet gas prices today are the same as last year. Something has to be done, I wish I knew what. Maybe it’s time for a one day national protest.
We are getting ripped off and the government know about it and does nothing. Reason being the higher the gas the more money the government gets back in taxes. Suggestion: Only put $20.00 worth of gas in your car instead of filling up the tank. Let the gas stations hold the inventory. If you have a truck only put in $40.00.
How do competing gas companies set the exact same prices at the exact same time???? Does this not mean that they know what each other is doing??? Why is nothing being done?????
The government is happy to see gas prices remain high. First, they probably get some “gifts” from the oil & gas companies to remain quiet. Second, the government collects tax on every sale at the gas pumps. Win-win situation for both of them so who cares about Joe public paying too much?!
Joe Public pays lots of money everyday to buy coffee at Tim’s or Starbux anyway!!!!
The Canadian Government is an organized crime ring. They don’t exist to help you. They love high gas prices.
Gas prices are blatant thievery, and will remain so.
“average price of regular across Canada is now just under $1.30/litre, which is up 25 cents from a week ago.” —–If it was a $1.05 last week then I sure missed it! I think GasBuddy, or the 680 Editors have messed up again.
The oil ompanies constantly pump money out of the economy and into their pockets. The government holds interest rates low to help the economy and these leaches take it right out of the economy and into their pockets. The only timme there is a correlation of oil to gas prices is when oil is going up as soon as it goes down they all claim there is no correlation. Disguting and unfortunately a case where we should have government intervention to ensure responsible behaviour.
getting sick of being ripped off. its funny how no one helps the consumer, the retailers do what they want in canada.
Consumer’s rights are a big part of the NDP platform, maybe we should give them a chance next election.
There is no law of gravity where gas prices are concerned! Only goes up. Price collusion of gas companies or how do you explain them setting prices every day at midnight (Enpro)? The government is doing nothing about it since they are getting the taxes on it.
It’s sad when you can buy gas in the USA, possibly made from Canadian oil, cheaper than here!!