Mr. Speaker, the big oil companies have confirmed what every Canadian consumer believes when they said to the National Post , “When did costs have anything to do with gasoline pricing”.
The world crude oil price fell 60%, 17 months ago, but it took 15 long months for gas prices in Saskatchewan to drop even a couple of cents. Now crude oil prices are rising slowly but it only takes 15 hours for gas prices to jump right back again, an unjustifiable gouging of Canadians.
The major oil companies brag that Canada has among the lowest gas prices of the G-7 countries, but they do not tell Canadians that we have the highest prices of any oil exporters. The gas retail market in Canada is dominated by those four big elephants that sing “It's every man for himself” to their tiny competitors while they dance all over them, according to Tommy Douglas.
The Competition Bureau is supposed to report soon on its investigation on predatory gas pricing in Saskatchewan following the complaint I made along with my leader and my NDP Saskatchewan colleagues.
I call on the major oil refiners to quit gouging Canadians on gas prices.