Quote:
Originally Posted by Slava
Its a pure scam. I am shocked that with the election in full swing that the NDP or Liberals don't trot out something to rectify the obvious scamming that takes place in this market.
This happened a few years ago with Hurrican Rita as well...there was a fear that there could be major damage. Alas no damage was done, but that didn't stop the prices for rocketing up to $2.00/litre in Ontario. Its frankly amazing that sometimes we have to wait for the old supply to catch up (when the price ought to be dropping), but this never seems to matter when the prices are due to rise. Clearly the gas in the pump today was bought and paid for before this week...so to increase the price now is a pure cash grab, end of story.
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I'd love to hear you elaborate on this further.
If prices go up right now it can be as a function of anticipated supply in the future. Many refineries will now be down for a while, they don't turn on like a light switch when they are shut down, and relevant to Calgary PCAN will be going down in October. If supply in the future of any commodity or good is anticipated, price goes up.
Politicians really rarely address this anymore because they know many have tried to paint a picture of a scam to be proven wrong (with small exceptions of say an individual retail location taking advantage of an isolated icident.