Mr. Speaker, I share the member's fondness for the industry committee. We have both done remarkable work and have seen remarkable work done in that committee. I am very glad that he is on that committee. I also give the member credit for his knowledge with respect to gas prices and the industry as a whole.
I remind the hon. member that this bill deals with a specific problem. This bill answers what our constituents have been asking us to do, which is to remedy a wrong that is taking place in the marketplace.
The hon. member probably has seen me with my book. I take it everywhere and write everything down. One of the things that I have written down in the back is his formula for the price of gasoline. I give him credit for that. I get calls every day and my constituents will say, “This price is being manipulated. What is going on? It has to stop. You are the member of Parliament”.
I tell them that the hon. member for Pickering—Scarborough East has done fine work in figuring exactly the price of gas. It is not rocket science. It is right there. We can figure out the crude, dividing by the number of litres, adding the margin for the refining cost, the profits. That gives us the price of crude, and then we add the refining margin, the Ontario tax, the federal tax, the GST, the retail margin, and then we get the cost at the pump. It is wonderful and is very accurate.
What the member is talking about, and he would agree with me, is that on a number of occasions we tried to see if there was manipulation taking place. We are not seeing that. I know what he is attempting to do and I agree that we need to continue to look at that, but at this point we have not seen any of that.