Wednesday, September 10, 2008

Continuing gas price screwing

On July 10, 2008 the price of oil peaked at $146/barrel. On that date the average price of gasoline in Ontario was $1.36/litre.

On August 12, 2008, the price of crude was $115/bl (a drop of $31/bl or 21% from July 10). The average price of Ontario gasoline on August 12 was $1.25 (a drop of $0.11 or 8.5% from July 10).
 
So here we are on September 10 and crude is $104/bll and gas is $1.31


What is going on?  Is it possible that there is gouging going on?  Maybe someone should ask Harper.


(all figures from gasbuddy.com)

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