Mr. Speaker, gasoline prices in the region recently soared to their highest level since the gulf war. The average price in Ontario last
Friday was over 58 cents per litre. That amounts to an increase in just one week of as much as three cents a litre.
No doubt an unusually cold winter and low inventory at refineries are contributing to the price hike. Yet most of the price fluctuation at the pumps seems to have little to do with the wholesale price of gasoline.
Even though there was no increase in gas taxes in last month's budget, the price of gas is rising out of control. We must do something to stop it.