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Largs
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Location: Ontario
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| Posted: Thu Mar 31, 2005 4:32 pm Post subject: Competition Bureau f |
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Whew, that's a relief. I thought that these guys were just out to squeeze every nickle they could from us. It was just low inventories. I guess when we start getting all that oil from Iraq prices will fall. It was just about the oil wasn't it? Still, kind of funny how all the stations went up to the same price at the same time. Just coincidence I guess.
CALGARY ? Record high gasoline prices last year were due to low inventories and the soaring cost of oil -- and not due to collusion by energy companies, Canada's Competition Bureau said Thursday.
"We found no evidence to suggest a national conspiracy by gasoline companies to coordinate price increases,'' competition commissioner Sheridan Scott said in a release.
"Retail gasoline pricing behaviour in major centres across Canada during this period was consistent with independent pricing actions taken by businesses in response to normal market forces.''
Thursday's comprehensive report is the fifth major investigation over the past 15 years by the Competition Bureau into allegations of collusion in the gasoline industry.
The investigations have consistently found no evidence to show that volatile gasoline costs and price increases were due to a conspiracy to limit competition in the fuel supply.
The recent report also found that before taxes, Canada's retail gasoline prices were lower than most industrialized countries in 2004, including the United States.
Source
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boomerboy
Cabinet Minister
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Location: Tim Horton's
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| Posted: Thu Mar 31, 2005 4:50 pm Post subject: |
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Also, the fact that a drop in the world price takes about 2 months to find its way to the pumps because it has to work its way "through inventories", while an increase in the world price is felt at the pumps within a couple of days. Apparently, we peons of the paying public have no grasp of macro-economics. Thank God the big oil companies are not gouging or conspiring. I guess they are as trustworthy as the government. 
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Largs
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| Posted: Thu Mar 31, 2005 5:07 pm Post subject: |
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I heard somewhere, can't remember where, that Big Oil contols the government 
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Midwest
Cabinet Minister
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Location: In the darkness at the edge of town
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| Posted: Thu Mar 31, 2005 5:08 pm Post subject: Gas prices |
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!@#$%^&!!!!!! |
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boomerboy
Cabinet Minister
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| Posted: Thu Mar 31, 2005 5:31 pm Post subject: |
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Midwest, I couldn't quite catch your accent there. Are you laughing or cussing? 
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Flat_Paul
Elected Official
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| Posted: Thu Mar 31, 2005 9:10 pm Post subject: |
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If a report was released it must be true.
Ahem!
Meanwhile 2-3 years ago in Iraq gas was pumped into your car for 6-7 cents per gallon, that's per gallon not litre!
No there's nothing fishy going on here. |
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Midwest
Cabinet Minister
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| Posted: Thu Mar 31, 2005 9:32 pm Post subject: Boomer |
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The language was too foul even for this seasoned audience.
Last edited by Midwest on Thu Mar 31, 2005 9:33 pm; edited 1 time in total |
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Shibumi
Sgt. at Arms
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Joined: 21 Feb 2005
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Location: Official greeter in the Digger
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| Posted: Thu Mar 31, 2005 9:32 pm Post subject: |
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I think the competition bureau is in collusion with the Oil companies. 
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buddy
Cabinet Minister
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Joined: 22 Feb 2005
Posts: 2141
Location: Socialist Republic of Alberta
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| Posted: Thu Mar 31, 2005 9:50 pm Post subject: |
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The recent report also found that before taxes, Canada's retail gasoline prices were lower than most industrialized countries in 2004, including the United States.
Taxes can't have much of an effect on pump prices. After all, in Ontario for instance, they only amount to about 32 cents per liter.
http://www.petro-canada.ca/eng/prodserv/fuels/8741.htm
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Menehune
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| Posted: Thu Mar 31, 2005 9:58 pm Post subject: |
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That's almost $1.40/gallon. OUCH!!!
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buddy
Cabinet Minister
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| Posted: Thu Mar 31, 2005 10:01 pm Post subject: |
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That's easy for you to say, but most Canucks aren't that good with small figures as we're used to having Billions at a time stolen from us.
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boomerboy
Cabinet Minister
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| Posted: Thu Mar 31, 2005 10:09 pm Post subject: |
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Alberta's hoarding all the gas for themselves, forcing us poor dirt farmers in Ontario to buy Arab gas. 
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buddy
Cabinet Minister
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Location: Socialist Republic of Alberta
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| Posted: Thu Mar 31, 2005 10:14 pm Post subject: |
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Yeah right Boomer, I'm going to be forced to cash in my empties so that I can take the '66 for a spin to the local burger palace. Even worse the old sow won't drink anything less than Premium, which is another 10 cents or more per litre. Thank heavens for TDI Jettas to drive as a necessity.
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boomerboy
Cabinet Minister
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| Posted: Thu Mar 31, 2005 10:18 pm Post subject: |
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You're living in the lap of luxury on petroleum profits while your brothers in Confederation die a slow death.
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buddy
Cabinet Minister
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| Posted: Thu Mar 31, 2005 10:22 pm Post subject: |
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Some of my relatives seem to have a habit of putting their "X" in the wrong box.
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