Friday, December 24, 2010

Gas prices rise again, with the knowledge the public are sheep and will do nothing about it

Most Canadian commuters woke up Friday morning to find the Grinch had pumped up gasoline prices.

At $1.26 per litre, Labrador City had the highest prices. The average Canadian price is now about $1.12. Alberta boasts the lowest prices, with Red Deer residents paying 93 cents per litre.

The price of crude oil, which topped $91 a barrel on Thursday, is blamed for the increase. But analysts say speculation, not strong demand or dwindling supplies, is behind the hike.

In Quebec, the Canadian Automobile Association said retailers are also responsible for higher prices at the pump, giving themselves some extra markup — just in time for Christmas.

Read more here.

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