Gas Prices Drops In Canada, Can Bajans See Any Relief Soon?

  Canadians are now buying gas at $1.26 [BDS $2.34], down from $1.40 [BDS $2.60] since oil prices fell to $US 91.00 a barrel from its high of $US147.00 in July.

So when can we expect some relief soon? Oil prices tumbling ever since. We still paying $2.67 a litre. Or is the government planning to buy a surplus of oil now at this low price to buffet bajans when the price skyrocket again?. Or somebody mekking money offa we?

“What a lot of people overlook is not what it costs to make gasoline, but also it depends on what the market can bear,” said David Thompson, research associate with the Parkland Institute in Edmonton. “If the companies think people will buy their gasoline, even at a high price, they’ll set the prices high.”

Maybe so but if government have a policy to pass on direct costs to consumers regardless of the price of oil on the world market, then I expect to see a drop at the pump if oil prices drop!

So who mekking money offa we?

FULL STORY

Advertisements

One Response to Gas Prices Drops In Canada, Can Bajans See Any Relief Soon?

  1. Pingback: Oil $88/Barrel Barbadians To Pay Less At The Pump « Bajan Global Report

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: