Quote:
Originally Posted by Cowboy89
That report's a year old and used data for the one year where Hurricane Katrina wrekced havoc on supplies and saw record high crack spreads. Right now crack spreads are actually really low and similar to 1990s level. The difference in price right now as we speak is purely crude costs.
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You're going to half to explain to him what a crack spread is.
It's the margin between the cost of buying and processing crude and the sales price in the resulting products.
I personally don't see anything they did wrong from a legal perspective, but they behaved very poorly from a being a member of the community perspective. Many gas stations in the US have done localized gouging, however for the most part in the US it is different than canada as the pricing is decided at a site or region level not by the producer or refiner.