Gas price controls

With the latest hit at the pumps here in Penticton to $1.27.9 we are only 8c/L off the peak of $1.35.9 which was when oil traded at $106. Now oil is at $52. Allowing for exchange rates (Canadian dollar at .77), our oil is at $63.50. Simple math?  Oil down 40%, gas down a whopping 6%. Going forward, if oil recovers to, say, $80 (US) can we expect pump prices in the neighbourhood of $2.00/L? It is within the constitutional purview of the Provincial government to impose regulation of retail gas prices, including limiting regional disparities to reflect realistic transportation costs (ending regional gouging). 

As of this writing, gas in Edmonton and Calgary is at $101.9. Proximity to refineries? Winnipeg gas is at $102.9 without a refinery in the entire province! Why does our government continue to allow this economic terrorism? Why is our Provincial government helping to hold us to ransom with the products of our own resources? If gas can sell at $102.9 in a province without any processing facilities, why are we in BC paying a 30% premium? C'mon Christy, do something to prove you represent all of us, not just your upper crust friends and corporate buddies.   

Bob Ardies