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

Just Posted

Updated: Kelowna cops investigate armed robbery at city centre business

Robbery sparks late afternoon manhunt by armed police officers with guns drawn

Kelowna mayor pays emotional tribute to late senior city manager

Colin Basran chokes up remembering city corporate and protective services director Rob Mayne Monday

Country Music hopes to raise funds for Grand Forks families

The event will take place at OK Corral in Kelowna

NDP executive steps down in North Okanagan Shuswap

in-house ‘spending scandal’ blamed for Saturday’s resignation decision

Vernon second-degree murder suspect found not criminally responsible

Angelo Gabriel Monfort’s matter will be put to the British Columbia Review Board

Updated: Kelowna cops investigate armed robbery at city centre business

Robbery sparks late afternoon manhunt by armed police officers with guns drawn

UPDATED: Oliver wildfire extinguished, B.C. Wildfire mopping up

6-ha. brush fire contained before it could spread farther

Late goal gives England 2-1 win over Tunisia

At the last World Cup in 2014, England couldn’t even win a game

Canadian military police officer pleads not guilty to sex assault

Sgt. Kevin MacIntyre, 48, entered his plea today at a court martial proceeding in Halifax

Vernon cold case murder suspect bail hearing Tuesday

Paramjit Singh Bogarh will appear in Vernon Law Courts at 10 a.m. June 19

Elvis lives again in Penticton

Elvis Festival back this weekend for 17th year

Cheers erupt as Federal Court judge approves historic gay purge settlement

Gay military veterans said they were interrogated, harassed and spied on because of their sexuality

Remains of two people found on Vancouver Island

Officials have not said whether or not the remains belong to two missing men, last seen in Ucluelet in mid-May

Helping B.C.’s helpers cope

The MRT has helped almost 7,000 first responders and street workers in 57 communities in B.C.

Most Read