Any of the O&G crowd want to weigh in on this? I'd heard the for the discrepancy is because the price of gas is set based on the costs associated with refining and not the cost of the oil itself, and that creates a bit of a lag between prices at the pump and barrel prices.
http://www.huffingtonpost.ca/2015/08...n_8006212.html
SAINT-JEROME, Que. — Bloc Quebecois Leader Gilles Duceppe called on the federal Competition Bureau on Tuesday to look into the price of gas at the pumps.
"On the one hand, the (price) of a barrel of crude oil drops, on the other side, gasoline increases," he said while campaigning in the Laurentians north of Montreal.
"Everyone knows there's something that's not working."
The Bloc leader said the falling Canadian dollar doesn't explain everything.
"You just have to look at the refining margins to see where the problem is," he said, referring to the difference between the wholesale value of the oil products a refinery makes and the value of the crude oil used to make them.
Duceppe urged the Competition Bureau to look at the practices of large oil companies, which he accused of gouging consumers.[/quote]