SouthShoreNow.ca

Everything you need to know about Nova Scotia's South Shore

  

We’re Getting Hosed – Again!

One plus one equals two. Except when you are in the business of setting gas prices. In that environment, one plus one seems to rely on some mystical cosmic constant that changes without anyone knowing. Honestly, this is a simple practice. Why is it always wrong?

This week, all of the maritime provinces, had their gas prices hikes at the pump. All jurisdictions have prices set by “independent third parties” like the Utilites and Review Board in Nova Scotia. Well, boys and girls of the review boards, here is a simple math lesson for you. Through July the NY harbour spot price for gasoline hovered in the $3.08 ( per US gallon or 4 litres ) range for most of the month. Then in early August the price plummeted to a low of $2.64. It stabilized at about $2.71 for a week. That is a 14% drop. A resulting drop at the pumps would have been 18.5 cents. Did we see that? No. We got seven cents instead. Last week the prices rose and averaged about $2.81. Still almost nine percent below July’s prices. That should correspond to prices 11.7 cents lower than the July price.

Instead we get a price hike of 5 cents!!! Whaaaaaat! Yup. So we are now paying pump prices that are 2% lower than July while the wholesale price is nine percent lower. There really hasn’t been any change in the exchange rate so that isn’t an issue. I don’t get it. I could do this in my sleep yet the consumer always seems to get the short end of the hose. I see a fair pump price in Nova Scotia at $1.185 per litre. Or more specifically you are overpaying by almost 10 cents per litre.

I am sure they will correct this error and give our money back.

Until then, I remain,

A Sour Kraut

Leave a Reply

You must be logged in to post a comment.

SubscribeSend feedbackPrivacy PolicyRSS headlines Add RSS Headlines
© 2009 Lighthouse Media Group
Home
Business directory
Market square
Community calendar
Education
Employment
Subscriptions
Contact us
News >
Digital edition
News videos
News archives
Special supplements
Regional media
Subscription
Follow us on Twitter

About>
About us
Meet the team
Contact us
Video >
3 on 3 — Local Sports
About — Real People
Face to Face
On Business
U-Vid — Youth Video
S-Video Festival
Video Archive
What's Cookin'
Advertising videos
Community
Festivals and events
News now
Take me home
Streeters
Design Studio >
Web design
Video production
Print design
Print work

Shopping >
Business directory
Store flyers

Advertise with us >
Ad rates
Online classifieds
Newspaper classifieds
Web advertising
Community >
Blogs
Events
Forum
Our social network

Announcements >
Obituaries
Contact to make announcement

TV GUIDES >
Earth friendly news
Printable Guide
TV Passport
Useful pages >
Auto guide
Education
Employment
Gardening
Gas prices
Greatest Loser
History
Seniors
Sports
Stormwatchers
Tourism
Newsletters >
Breaking news
General news
Entertainment
Online subscriber notification


Fun & games >
Contests
Captain Lighthouse
Crosswords
E-cards
Entertainment
Horoscopes
Lottery
Suduko