And for the entirety of two years of COVID, despite the cratering oil price of 2020, the fuel prices in Canada never went much below $1.30 in most of Canada. Not even when the price was at it's lowest ever at minus $20 per barrel. I get that they needed to keep the gas price artificially high given that it was their only existing source of revenue for most of 2020. But they could have at least tossed us a bone or two over the course of 2021 with a few price wars here & there at the gas stations when the price per barrel had more than recovered.
That they didn't shows that it's been two whole years of price gouging. And now it's so bad that it runs the risk of triggering a recession. The summer travelling season will be dead for a third year in a row, but not due to COVID but from the fuel price being so bad that no one will be hitting the road for family vacations or tourism. This pisses me off. I don't want the feds doing anything like artificial price controls because those can cause way too much damage. That doesn't mean they can't do things like, say, tell the oil companies that they want 100% of a storage tank farm full of oil or gasoline to be sold at the price that was the day the tank was filled. Y'know, not jacking up the price of gasoline made from a storage tank full of oil that was at $100 a barrel, not at $130. Enforce that every single litre of fuel from a tank is sold at the corresponding oil price from the day the tank was filled with crude.
Gotta do these things to the oil companies every once in a while, just to get their attention in case they have any grand ideas about price gouging. That and to also get some fun listening to the outraged squealing coming from the likes of Jason Kenney, who would no doubt start ranting about "unjustifiable interference in the natural free market!" again if such a thing were done.
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