Mr. Speaker, I thank my hon. colleague for his question. I indicated that, in 1975, the government created a company called Petro-Canada, at great expense to Canadians, to stabilize oil industry in Canada.
Regarding the gasoline prices posted on the Internet, we are not questioning the figures. We are only questioning the need to set prices that high. No reason was provided to justify such high prices, because there is no correlation between the cost of a barrel of oil and the price charged at the pump. The refining margin always jacked oil prices up. A reasonable profit margin for a refiner is somewhere between 2.5¢ and 4¢ per litre.