Truemors
My Opinion:
This is making me sick. The Oil Companies gouging consumers and it is not funny anymore. The Oil is down to 100$ a barrel and gas prices are now up again very close to the point we paid when the barrel was up to 147$.
Everytime Oil goes down they say that it takes time to bring the effect of lower prices to the gas pumps - but "if may possibly probably not" a hurricane gets close to oil fields the prices at the pump are going up on speculations! That is soooooo wrong and to me a CLEAR sign of that the oil companies do with us consumers what they want. I'm sure not a big fan of governments regulating a market, but it is time to step in and stop this nonsense.
There is not too much we can do, but that little we can do here we are doing... we are not using our car if we somehow can. If more people would do that it may would have an effect, we do our part anyway.
We ALL have to start doing something against that abuse (to me it is like abuse) - Doyou have any ideas what a single consumer can do to show the oil companies that this has to come to an end? Please let us know, we ALL can make a difference.
I think the picture attached to this here shows what we get back for paying those prices!
Give us your opinion on this matter!
Gasoline prices spike in Canada on expectation of storm damage
SHAWN MCCARTHY
GLOBAL ENERGY REPORTER
September 13, 2008
OTTAWA -- Gasoline prices rocketed in many cities across Canada yesterday as hurricane Ike bore down on the Texas Gulf Coast, and pump prices could surge to record highs if the storm causes major damage to the region's vast refinery complex.
Depending on its severity and length, the price spike could become a major issue in the federal election campaign, as party leaders yesterday accused Canadian oil companies of gouging consumers. Higher pump prices would also do further damage to an already weakened North American economy by hammering fragile consumer confidence.
Ike was due to make landfall this weekend on a stretch of the Gulf Coast that is home to a quarter of U.S. refining capacity. Such major refiners as Exxon Mobil Corp. and Valero Energy Corp. began shutting down their operations midweek in anticipation of potential flooding and power outages.
"If there is significant damage, we're going to see further increases in wholesale and spot prices, definitely," said Michael Ervin, whose Calgary-based company tracks petroleum markets. However, pump prices could also retreat quickly, as they did in the wake of hurricane Katrina three years ago.
Canadian gas retailers shocked motorists yesterday by responding immediately and in lockstep to increases in North American wholesale prices caused by the shutdown of refineries on the Gulf Coast.
Overnight across Southern Ontario, companies raised pump prices by nearly 13 cents to $1.35.7 a litre, flirting with the record high of $1.37.3 set in early July when crude prices climbed above $147 (U.S.) a barrel.
In Ottawa, prices rose 12 cents to $1.30, and they also saw double-digit increases in Calgary, Montreal and Halifax.
Source: theglobeandmail.com
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