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CaptainYooh · 06-15-2015, 10:21 AM

Gas prices in Calgary are near their peak highs when oil was over $100 a barrel. Does anyone understand well the relationship between crude oil prices and gasoline retail prices at the pumps in Alberta? I do realize that wholesale prices of gasoline are set by refineries, which we do not have many, so there is a bit of an oligopoly. However; there was no announcements of any of them breaking down recently. There is no gasoline shortage. There is no increased demand. What is going on? I have no logical explanation of this other than price fixing. Am I wrong assuming that? I am genuinely curious.

06-15-2015, 10:21 AM	#1
CaptainYooh Franchise Player Join Date: Jan 2010 Location: Calgary Exp:	Gas Prices Gas prices in Calgary are near their peak highs when oil was over $100 a barrel. Does anyone understand well the relationship between crude oil prices and gasoline retail prices at the pumps in Alberta? I do realize that wholesale prices of gasoline are set by refineries, which we do not have many, so there is a bit of an oligopoly. However; there was no announcements of any of them breaking down recently. There is no gasoline shortage. There is no increased demand. What is going on? I have no logical explanation of this other than price fixing. Am I wrong assuming that? I am genuinely curious. __________________ "An idea is always a generalization, and generalization is a property of thinking. To generalize means to think." Georg Hegel “To generalize is to be an idiot.” William Blake