The price of a barrel of oil went below $45 and shows no sign of recovering significantly in the near future so why have pump prices been so high in B.C. for the last three months?
Gas prices jump anywhere from six cents to 12 cents but usually drop only one cent. A survey of gas prices on Gas Buddy of cities in Alberta, Saskatchewan and Manitoba show we are paying on average 20 cents a litre more in B.C.
The last time gas was legitimately priced at 126.9 cents a litre oil was above $70 a barrel. We are getting gouged big time and if the current gas price remains and oil prices do rise expect to see B.C. prices soar close to $2 a litre very quickly.
Norman Osborne, Saanichton