Letter: Gas ‘price fixing’ unchallenged in Kelowna

How can [gas stations] justify such a large increase when the price of crude is dropping daily?

To the editor:

“Bah Humbug” to all the gas stations in Kelowna. Each of you deserves to receive a lump of coal for Christmas.

Raising gasoline prices, 12 cents per litre overnight is so wrong. How can you justify such a large increase when the price of crude is dropping daily?

It is interesting to me to observe that when gas prices drop, it takes two to four days for all the stations in Kelowna to follow suit, but when prices go up it only takes a maximum of two hours for every last service station in Kelowna to raise the price of one litre of fuel to exactly the same price. It is in my humble opinion, that this is a form of price fixing which apparently is illegal.

The consumer should start demanding an investigation, immediately.

When the price of gas is increased, the service station realizes a huge windfall profit on every litre of fuel sold from his underground storage tanks. Typically a station may have 200,000 to 500,000 litres of fuel in storage. Let’s say a station had 100,000 litres in storage when he puts the price up 12 cents per litre this week. That folks, is a windfall profit of $12,000 after the product is sold.

The station operator’s immediate comeback will be that he has to offset his losses when prices were dropping.

True to an extent but when have you ever seen gas prices drop by 12 cents overnight? It usually happens at the rate of one, two or three cents each time, never 12.

The mere fact that gas prices seem to go up together, smells distinctly of price fixing.

Don’t you feel we should be calling for an investigation and ultimately the findings be made available to the general public?

In Kelowna there is no competition. Start objecting by putting pressure on your MLA and MP.

‘Bee’ Conway, Kelowna

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

First degree murder charges for North Okanagan woman

59-year-old woman charged in Round Lake suspicious death incident

Dr. Henry art opens Lumby exhibit

Paper mache creation greets guests at Beyond the Mask show

New Lake Country fire hall breaks ground

Groundwork is on tap for a new community firehall. Site works are… Continue reading

Adaptive recreational program counts Vernon, Lake Country among stops

Adaptive Adventures is part of Community Recreational Initiatives Society’s program

B.C. records 146 new COVID-19 cases through long weekend

More that 28 people tested positive for the virus each day since Friday

Alberta to require masks at schools this fall, but still no mandate in B.C.

B.C. students are also set to return to classrooms in September

UPDATE: Water bombers attack wildfire north of Sicamous above Shuswap Lake

Wildfire BC reports fire is still classified out of control, 25 personnel on ground

Splatsin Elder struggles to stop tubers from accessing his private property

Nathan Kinbasket has a certificate of possession on the area

B.C. to allow customers to buy cannabis online for in-store pickup at private shops

Age verification will still be required inside the store

Interior Health expands COVID-19 testing access in Kelowna

First-come, first-serve, no-appointment-needed testing centre opens in downtown Kelowna

MP Gray: In your service

Kelowna-Lake Country MP Tracy Gray’s column

Shuswap pet nutritionist and raw diet advocate to be in national magazine

Sicamous’s Deanna Larocque building reputation for canine support

Most Read