Quote:
Originally Posted by Dion
There was some shenanigans at the retail level earlier this year.
MONTREAL -- The Competition Bureau has charged 13 people and 11 companies -- in what it called a cartel -- with gas-price fixing in four different Quebec cities.
The companies that were charged are: Les Petroles Therrien Inc., operating under the Petro-T banner, and Distributions Petrolieres Therrien Inc. ($179,000), and Ultramar Inc. ($1,850,000). One individual, Jacques Ouellet, an employee of Ultramar, also pleaded guilty and was fined $50,000.
http://www.nationalpost.com/news/story.html?id=583036 |
Right and as a I said before outside a few retailers here and there the industry has been clean ... at least from the perspective of blaming large oil companies.
I little OT but what many people don't differentiate is that retail gasoline is not similar to exploration and production. Retail is a very cut throat low margin, low profitability business. People don't make money in retail gasoline, and the large oil companies that people associate with the retialing (hard to blame them since their logos are up everywhere) are probably less involved that most would think. In Canada for the most part they set pricing guidelines or pricing mandates, but the facilities are run and sometimes owned by independent businesses.