this post was submitted on 29 Jun 2023
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If gas companies are given an excuse to increase profits they will. No different than grocery stores overcompensating for inflation.
Fortis in B.C. just lowered our rates in April
If only we had strong provincial governments that were actually working together with the federal government, we could actually see some positive change. They could easily put a cap on gas prices, which ultimately would be tax dollars paying the difference in flux, but they would actually have a vested interest in scrutinizing the changes closely. Gas companies would actually have someone they needed to justify an increase to that has the power to refuse. It's not hard to bamboozle 40 million people with a 2 cent/litre increase every other week, we all have to drive to work. It is hard to bamboozle the tax man.
That said, it would also be easier if they colluded for them to drive up profits and hide the fleecing in our taxes. I guess it would depend on who was in power.
Also Suncor got hacked. Not seeing it much in the news outside of a couple articles. So we can expect gas prices to be effected by that, fun timing with legislation that will supposedly have an effect on prices. How much will be column A and how much column B, I wouldn't put it past what passes for journalism here to push it all onto the legislation.