As our gas prices jump up to $1.40 today at a couple of local stations (Petro Canada and Husky) and with the others we're sure ready to follow as soon as the fuel truck arrives, there's an interesting story out of Calgary that says we're misdirecting our anger at high prices.
Thin margins, increasing rates from suppliers, the increasing cost of credit card transactions on retailers and outright theft of product are all apparently pinching the independent retailers like never before.
The Canadian Independent Petroleum Marketers Association was eager to get their message out to the public as anger rises with each upward click on the pump and every time the sign outside your local station goes up in price.
While we take moment to consider the plight of the gas stations that are struggling to get by, we note that things may get a lot worse before they get better.
Gazprom, the Russian energy oligarch is predicting price increases of astronomical proportions by this time next year, their crystal ball sees the price of a barrel of oil reaching as high as $250 dollars.
.
Today's price level for a barrel of oil was set at $136.71 meaning that the price of oil if Gazrprom proves prescient will come close to doubling in less than twelve months.
.
At which point filling up your car at the local independent gas station may not be as common an activity as in years gone by.
No comments:
Post a Comment