Two weeks ago, there was an interview on CBC radio in Montreal about gas prices. The main thrust being about why they drop so slowly, but quickly spike upwards. A representative from some petroleum organization insisted that this was an incorrect perception and that a historical examination of prices at the pump would show prices rise and fall equally quickly. This set off a few days of comments by listeners who insisted that prices did indeed drop slowly and spike upwards quickly - something I have noted as well. In Ottawa, the prices tend to fall about 10 cents per litre over the course of a week before spiking upwards by a dime. In Montreal, it was similar, although the drop was only about 5 cents.

I have observed over the past week, that prices are truly erratic. The morning of 19-JAnuary-2008 it was 77.4 cents per litre. Then in the afternoon it spiked to 91.1 cents per litre and fell to 74.7 cents per litre in the evening.

I think the gas companies are playing games with people, trying to convince them that their previous perceptions about price fluctuations were mistaken.

Comments

freckled-one

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They’ve been playing us for years. Funny how even in these times of economic crisis the oil manufacturers continue to have record setting profits.

I paid about .50 a gallon last month before I left for Honduras and today it's up to .09 a gallon. I could have sworn the price per barrel dropped.

Saturday 24 January 2009, 16:08

freckled-one

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That should be a buck fifty and two 09 a gallon.

Saturday 24 January 2009, 16:10

richard

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Well, some people are blessed to control something others want and be able to make a profit out of it.

Thursday 05 February 2009, 11:55

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