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Post by BadCompany on Jul 22, 2008 7:12:41 GMT -5
We always knew... Quebec gas price-fixing scheme may have been widespreadWire-tap evidence used to obtain search warrants that led to charges in an alleged Quebec gas price-fixing scheme suggest discussions about prices took place in several regions beyond those targeted in a Federal Bureau Competition crackdown last month.
According to documents obtained by the CBC's French-language network, several gas retailers in Montreal, Trois-Rivières, Valleyfield, Sorel, Le Gardeur and Saint-Hyacinthe allegedly discussed fixing gas prices with competitors in other regions where charges of price collusion were laid.
The documents include telephone call transcripts between some retailers accused in the June crackdown, and other merchants who were investigated during the bureau probe, but not charged.
Thirteen people and 11 companies in total were charged in the investigation, and accused of illegally fixing gas prices in Victoriaville, Thetford Mines, Sherbrooke and Magog.The rest of the shocking - shocking I tell you! - storyWhat a surprise.  |
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Post by Disgruntled70sHab on Jul 22, 2008 7:42:36 GMT -5
Nothing should surprise us any more BC. But, hey ... this does Fill up in KingstonI filled up last night at $1.24/litre. This morning it was $1.22/litre ... what a break I know it's more expensive elsewhere so I guess I should feel grateful. Well ... even with the low prices in Kingston ... and after reading your link ... I don't. |
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Post by jkr on Jul 22, 2008 7:56:25 GMT -5
Nothing should surprise us any more BC. But, hey ... this does Fill up in KingstonI filled up last night at $1.24/litre. This morning it was $1.22/litre ... what a break I know it's more expensive elsewhere so I guess I should feel grateful. Well ... even with the low prices in Kingston ... and after reading your link ... I don't. It's 1.27 in north Toronto. Down about 10 cents from last week. What a bargain. |
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Post by Disgruntled70sHab on Jul 22, 2008 8:31:38 GMT -5
Nothing should surprise us any more BC. But, hey ... this does Fill up in KingstonI filled up last night at $1.24/litre. This morning it was $1.22/litre ... what a break I know it's more expensive elsewhere so I guess I should feel grateful. Well ... even with the low prices in Kingston ... and after reading your link ... I don't. It's 1.27 in north Toronto. Down about 10 cents from last week. What a bargain. Well, it's not enough that oil is reaching record highs for no reason whatsoever (the oil companies provide little more than lip-service to the consumer, while keeping their shareholders happy) but now we have price-fixing schemes as well. I suppose they've always been there to one degree or another, but how many other price-fixing schemes are currently operating out there? The most obvious one is the ever-rising cost for a barrel of oil. Oil = Bastards! |
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Post by CrocRob on Jul 22, 2008 9:18:03 GMT -5
I know there are a lot of "less government" people in here, but I know (okay, okay, I was told my by fairly trustworthy Newfie brother-in-law) one of the Eastern provinces (NL or PEI I think) actually regulates gas prices and requires justification from gas companies for them to change. And when they change, they go up a fixed interval province-wide.
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Post by Skilly on Jul 23, 2008 6:44:37 GMT -5
I know there are a lot of "less government" people in here, but I know (okay, okay, I was told my by fairly trustworthy Newfie brother-in-law) one of the Eastern provinces (NL or PEI I think) actually regulates gas prices and requires justification from gas companies for them to change. And when they change, they go up a fixed interval province-wide. Newfoundland regulates gas prices (as does PEI I believe) but it a total farce. When the regulation came in, the price could only rise the 15th of every month ... so the consumer would have one month at a fixed price, and advocacy groups would inform the consumer if the price was going up or down. Then the oil copanies complained that they would have fuel purchased at a high cost, that they'd have to sell at a low cost (if the price dropped). They never once complained about selling oil at a high cost that they bought at a low cost (if the price went up). So the regulations here started to change ...and now it has morphed into every Thursday, yes, every Thursday the prices get adjusted. Tomorrow, advocacy groups are suggesting the prices will drop around 9 cents a litre. They are currently at 1.46/L. World commodity prices rising based on speculation is (or should be) against the law. If a hurricane wipes out an oil rig in Texas. Fine raise prices. But the threat of a possible hurricane? You kidding me? There is no way specualtion like that should affect prices. |
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