This is a long way from a gas pump File Photo: KDG

This is a long way from a gas pump
File Photo: KDG

The local Petro Canada station on the corner on Nicola and Voght is offering regular gasoline at 99.9 cents a liter. The price dropped from a $1.02.9 last week and has bridged the psychological barrier of a dollar a liter once again. In earlier weeks it had dropped below 90 cents.
The CBC is reporting that it looked into price increases on long weekends and found something under 20 occurrences which is not unusual for the system of refining. There were other price drops to long weekends.
Canadian Tire suffered a seven figure fine for price fixing between May and November 2007. The combines people usually use real estate zoning to encourage completion in big box stores!
Gas buddy: This service says that the prices are rising and BC is at $1.06.9 with national well under at 92.9.

There is a summer driving season that is about to the college year and summer hours this usually has an effect on prices it will be interesting to see if it is in effect this summer with gluts reflected in bank accounts of producers. (Or did they fix that with grocery prices)
Editors Note:   We believe that the refiner capacity is more responsible for the lag in gas prices dropping in relation to crude prices. No one wants one in their back yard. This may be good as it prevents dumping to a degree. Politically dumped production harms consumers in the long run and predatory pricing will do in competition that make prices stable.

Canadian tire fined  the Globe and Mail. http://www.theglobeandmail.com/globe-investor/canadian-tire-pleads-guilty-in-gas-price-fixing-scheme/article534996/
On this day: March 15th 1906

Rolls Royce LTD is incorporated in England.

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