Monday, July 13, 2009

Gas Price Comptetition?

Nanaimo Gas Prices

By the time this is published I am sure the prices will once again be the same, but for a moment on Sunday morning it actually looked like there was some genuine competition in the gas station business.

Petro Canada was pumping at 109.9, while Esso was pumping at 107.9 and Save On Foods gas bar was pumping at 107.0. Save On's sign does not accommodate the extra decimal, which is why I am sure they are at 107 and not 107.9 also.

If you think their gas is the same quality as the other stations, Save On does offer one of the best prices in town when you consider their grocery discount of 4 cents per litre. If you are shopping at Save On anyway, you get a coupon worth 4 cents per liter which you can apply to your grocery purchase. This would make their effective price actually 1.03 per litre.

Just in case you begin to feel all warm and fuzzy about the great deal we are getting on gasoline our fellow Canadians in Ottawa are still getting gas for 86.7, while in Toronto it is 86.9, Calgary is 85.9 and Vancouver is 101.4.

I guess the oil companies have figured out we are all a bunch of saps who will keep paying these over inflated prices at a time when crude oil is still falling and is less than $60 a barrel. Last year it was $150 a barrel when gas was pumping for $1.50. Using the same logic we should be buying gas for about .60 a litre, or at the very least the same as those living in the nation's capital.

Between big government and the big oil companies, the poor old goose is just about plucked!

allvoices

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