Thursday, October 16, 2008

Continuing story on Gas Prices

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.

According to gasbuddy.com on October 16, the oil price was $75/bbl, a drop of 49%. On this same date, the average Ontario gas price was $1.04/litre, a drop of only 24%.

Where's the rest of the money going?

And they can find no evidence of price gouging? It is right in front of your face! In case you think I am making these number up, check out the chart from www.ontariogasprices.com.

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