Have you noticed that the price of Gasoline has stayed well above $1.00 per litre even though the price for a barrel of oil is well below the highs of near $100 per barrel, what's up with that?
Do you smell any gasoline price fixing going on the GTA?
Have you also noticed that the price at the pump that is shown across the GTA now is almost constant, within 1/2 cent? Whereas in early 2007 and before the price would vary by as much as 5 to 10 cents per litre across the GTA, what's up with that?
Just my 2¢ worth!
Have a great day,
For more information please contact A. Mark Argentino
A. Mark Argentino Associate Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
Monday, January 21, 2008
Gasoline Price fixing in the GTA
Posted by Mark Argentino at 6:18 PM
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The prices of gas this summer is going to be high! How high how about $1.25 - $1.50 per liter!
Why? Lots of reasons! China is now number two importer of oil next to the US. In 1994, China imported almost zero! There is about 2.5 million new cars added to the roads in China every year.
Hope this helps a little.
Brian Poncelet, CFP
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