The Secrets Of Vancouver BC, Canada

The Oil Companies Profit From Gustav

photo credit: TopTechWriter.US

Not to miss an opportunity to take advantage of Vancouver drivers, the oil companies have jacked our gas prices again – and will continue to do so throughout the week- in anticipation of Gustav’s arrival into the Gulf of Mexico.

New Orleans is the likely target, and it almost looks like a repeat of Katrina.

Vancouver wins the prize for most expensive Canadian gas, despite oil prices being lower by almost $20/barrel since the peak.

As I wrote last week, they forgot to lower the price when oil dropped to $115/barrel from $145 – but were quick off the line to raise them when it went up to $120. In fact, they raised prices before trading was over yesterday.

We now face prices above 1.44/litre – when they should be around $1.25-1.30/litre.

How high can they go?

Only greed will dictate.

In hurricane prone areas they have laws against this – it’s called price gouging. Raising prices to take profit from disasters is frowned upon.

Here in Vancouver it’s a fact of life – no matter how distant the disaster is.