Bender2000
Bite My Shiny Metal Ass
Premium
join:2002-05-06
Roxboro, QC
clubs:
| Competition Bureau states No Gasoline Price Fixing
and to that I say...bullshit.
»www.cbc.ca/story/business/nation···330.html
By the way, what's the big reason for the price hike now?! 110.4/L in Montreal. Sad..just sad. |
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donoreo
Premium
join:2002-05-30
North York, ON | It is interesting that this report is released on a day when gas prices jumped $0.10/l
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I cannot deny anything I did not say |
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dirtyjeffer
Merry Christmas
Premium
join:2002-02-21
London, ON
 ·Rogers Hi-Speed
| reply to Bender2000
i agree...i was going to fill up the other day when gas was in the mid 80's...i still had 1/3 of a tank though, and decided to wait...sure enough, today i had to fill up, and paid 97.9...i don't recall the price of "oil" jumping around enough to warrant such activity.
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TKJunkMail
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
 ·Sprint Mobile Broa..
·Comcast
| reply to Bender2000
Price gouging isn't against the law. Only collusion is. And they found no collusion.
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Kardinal
Canadair CT-114 Tutor
Premium
join:2001-02-04
N of 49th
clubs:
| reply to Bender2000
There may be no fixing but it certainly looks like a conspiracy -- all the prices move at the same time, both up or down (down slowly but up quickly). I've been watching over the past few weeks and one of the cheapest times seems to be Saturday evening before 11pm or so (it seems to go up between 11pm and 2am).
Today is a perfect example: why did the price suddenly jump to $0.977 when the price of oil didn't move much?
Answer: because the oil companies know we can't just stop buying gasoline and will pay pretty much any price when we need it (this is why I'll put $5 in if I see there has been a price drop rather than go "well, I've got 3/4 of a tank so why bother").
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alex4life
Alex4life
Premium
join:2001-06-22
Delta, BC
| reply to Bender2000
Haven't you heard? The driving season is approaching at some point! Sounds to me like a good enough reason .
On the news this morning, they were talking about gas prices and how they "can't be predicted". I disagree. Anything and everything will automatically cause gas prices to increase.
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Bender2000
Bite My Shiny Metal Ass
Premium
join:2002-05-06
Roxboro, QC
clubs:
| reply to TKJunkMail
yes, no collusion found..that's why the price of gas always seems to go up in leaps and bounds on very specific days of the week, yet drop in bits and pieces throughout the week. It usually doesn't drop exactly to the point that it was at before it went up 7 to 10 cents. I've noticed it, if it's at 90/L, ups to 99.9 or 99.4/L, over the week it drops to say 92/L, then around the same time as last time, hikes up to 102 or 103/L, then drops again to 94 or so, and then hikes again to 106...it's funny how gas prices go up by 10cents in one shot, but never drop in one shot. No collusion my ass. |
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Ian
Premium
join:2002-06-18
ON
 ·Bell Sympatico
| reply to TKJunkMail
said by TKJunkMail  :Price gouging isn't against the law. Only collusion is. And they found no collusion. I think the collusion is very well hidden, then. And/Or they didn't look hard enough....
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Idealism is based on big ideas. And, as anybody who has ever been asked "What's the big idea?" knows, most big ideas are bad ones. - P.J. O'Rourke |
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AR
Premium,ExMod 2001-04
join:2000-09-21
Toronto, ON | reply to Bender2000
Katrina? Shut down refineries? Al-Qaeda attack on Saudi oil terminals?
Naah. Just money grabbing companies. |
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Moonman
Shootin' You The Moon
Premium
join:2001-12-30
Melbourne, ON
clubs:
| reply to Bender2000
said by Bender2000 :By the way, what's the big reason for the price hike now? You haven't heard?
A fly landed on one of the Arab refinery works the other day. The workers mother is afraid that the sister's cousin's brother might get some kind of sickness, and not be able to feed his family. So just in case that happens...they raised the cost of crude. |
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Ian
Premium
join:2002-06-18
ON
·Bell Sympatico
1 edit | reply to AR
said by AR :Katrina? Shut down refineries? Al-Qaeda attack on Saudi oil terminals? Naah. Just money grabbing companies. Of course there are plausible reasons for oil prices being high on occasion. Nobody is saying otherwise. It's the lock-step price increases for no apparent reason around weekends, holidays that they all do etc. that raise suspicions.
There is the curious situation of Sir Conan Doyle's "dog who did not bark". With an industry with clean competition and no collusion you would expect to see aggressive price competition. You simply don't see that with oil companies. Ever seen an ad for a gas chain that claims to be the price leader? "Come to Sunoco, where if you can find a cheaper price/litre we'll refund the difference plus 10%." Nope....Never. Instead they advertise intangibles. "Our gas will clean your fuel injectors, make your lawn greener"...etc.
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Idealism is based on big ideas. And, as anybody who has ever been asked "What's the big idea?" knows, most big ideas are bad ones. - P.J. O'Rourke |
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andyb
Premium
join:2003-05-29
SW Ontario
·TekSavvy Solutions..
·Bell Sympatico
| reply to AR
said by AR :Katrina? Shut down refineries? Al-Qaeda attack on Saudi oil terminals? Naah. Just money grabbing companies. Old news.How many years will that excuse run?We in Canada havent been hit by anything and we are self sufficient in oils/gas yet we sell it all to Americans and buy it back at an inflated price.Esso Canada buys it back from Esso US)
collution is certainly there |
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Deadpool
Go Sens Go
Premium,VIP
join:2001-03-29
Canada
·Bell Sympatico
| reply to Bender2000
It's bullsh*t. Crude oil prices are almost as high now as they were after Katrina hit, so their arguments don't make much sense to me.
»tonto.eia.doe.gov/oog/info/twip/···ude.html
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AR
Premium,ExMod 2001-04
join:2000-09-21
Toronto, ON | reply to Bender2000
$63 for filling up. 59 liters of Premium at Sunoco.  |
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Devanchya
Smile
Premium
join:2003-12-09
Ajax, ON
·Bell Sympatico
| Yesterday's jump was blamed on a earthquake in Iran which they "feared may have damaged a small number of oil platforms"
So basicly: Everyone's decided that Oil is today's "Money Maker" when a few years ago it was Tech, and before that it was something else.
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Bender2000
Bite My Shiny Metal Ass
Premium
join:2002-05-06
Roxboro, QC
clubs: | feared that it may have damanged refineries. Jeez. So what if it hadn't? Will they drop the price to 10 cents/L below the norm to hand back the money they should not have taken? hell no. |
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lawrence171
Evilly Yours - Evilness
join:2001-12-24
Canada | reply to Bender2000
Waiting for fuel-cell cars.............. |
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yabos
join:2003-02-16
Ingersoll, ON
| reply to Bender2000
When I worked at an Esso, the head office would call to get the prices of other stations around us to make their prices the same. I wouldn't say that they're all in a room saying let's increase prices today and rake in an extra 20 mil but they definately follow the station with the highest price and match it. |
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Krispy
Premium,VIP
join:2001-12-11
the stix
| reply to Bender2000
said by Bender2000 :By the way, what's the big reason for the price hike now?! 110.4/L in Montreal. Sad..just sad. Well according to the CBC a few days ago it's because of speculation that hurricane season is going to be particularly brutal this year! So I guess that means since we're paying more now that we won't see price increases when the hurricanes actually hit...YAHHHHH RIGHT!!!!
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you can lead a horse to the water but you cannot make him drink...you can put a man through school but you cannot make him think --ben harper |
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Dark Shoes
Premium
join:2002-06-27
Montreal, QC
| reply to Bender2000
Friend of mine knows all about the petroleum industry and the word collusion. He's sort of like a petroleum industry watchdog and was served notice a few years ago to stop using the word collusion, lol. They definitely don't like to hear that word in public. I don't necessarily agree with everything my friend says but price sharing is definitely a concern. quote:
Quebec group wants Ottawa to probe gasoline prices
Canadian Press
Thursday, August 18, 2005
Montreal — An organization dedicated to fair gas prices wants the federal government to investigate the jump in prices at the pump.
Gas companies collude to keep the prices high, Frederic Quintal, head of Essence à juste prix, which translates as gas at the right price, said Thursday.
In Quebec City, federal Transport Minister Jean Lapierre repeated that the federal government does not intend to lower gasoline taxes or make changes to the way it is taxed. Mr. Lapierre did not comment on an investigation into prices.
However, Mr. Quintal said the Liberal government should act on a 1985 report put aside by the then-Progressive Conservative government recommending that Ottawa prevent gas companies from price sharing.
Mr. Quintal said prices at the pump are no longer competitive and have not been for 20 years because gasoline companies share price information, which has brought record profits for the industry.
“We ask the government to create a commission to make an evaluation of the impact of the elimination of competition,” he said at a news conference.
He said the findings of such a commission could be used to launch a class-action suit on behalf of Canadian consumers of gasoline.
Gas prices have been on average above $1 a litre across the country.
Finance Minister Ralph Goodale also has said there are no easy answers to the problem of soaring prices at the pumps.
»secure.theglobeandmail.com/servl···dHealth/
He does media interviews now and then. People from Quebec may have seen him on television before. He's testified a few times on parliament hill over the years, wrote a book, etc.
Some more links for those interested:
»www.radio-canada.ca/nouvelles/Ec···rb.shtml
»www.parl.gc.ca/infocomdoc/38/1/I···-1382238
»www.parl.gc.ca/infocomdoc/Docume···t-701925
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