Recent gasoline prices points to gouging
To the Editor,
Re: Gas price reflects other costs, Letters, June 19; Oil companies gouge customers, Letters, June 16.
Further to the last couple of letters about local gas gouging, I believe I have our gas stations figured out.
For the longest time, gas stayed at a steady $1.33 per litre. Then, all of a sudden, in a matter of hours, gas jumped to an unbelievable price of $1.49/l. Since then, gas has been slowly dropping to $1.39/l to a current price of $1.37/l. Why is that?
The Associated Press announced recently the drop in oil prices have made gasoline cheaper for motorists. In the U.S., motorists are paying $0.91/l. The report states oil has hit its lowest price since October 2011. We were paying between $1.23/l to $1.32/l for gas in October 2011.
What is the current national average gas price? About $1.24/l, down 2.5 cents from a month ago. We were at $1.33/l at the pumps a month ago.
No matter what kind of spin certain people like to put on it, we are being gouged.
But local gas station owners think we are stupid enough to believe that because prices have fallen from $1.49, we are counting our blessings.
I don’t think so.