Industry committee  Well, when you look at one day's price, I'm reminded that the oldest person in Canada is 107, but I wouldn't spend my money on the high; I'd go on the average, which is 76. So we look at average prices, we don't look at the price....There can be differences in Toronto, a few ce

Industry committee  No, not the retail margin, the wholesale margin.

Industry committee  No, the retail margin is around 5¢, as you know, a litre.

Industry committee  I'm not sure of the exact number. If you look at the spikes when they're up at 25¢, it depends when you.... The Conference Board found that the margin was around 11¢. If you look at 2007 to date, it is high. If you look at 2005, it's 14¢ and 15¢. So you can always look at littl

Industry committee  Across the country they're identical?

Industry committee  I think one observation is that you don't actually know what price. We do, because we've looked at some of the data. You don't know what discounts Canadian Tire gets off rack, and you don't know what—Loblaws and Costco and now Wal-Mart get off-rack prices, so that's an important

Industry committee  Thank you. One of the four components that we would normally look at in terms of a litre of gasoline is taxes, which range from 33% to 35%, but because taxes vary across the provinces we mostly look at gasoline in a fashion we call ex-tax. When we compare it to the U.S. we see t

Industry committee  I would only add that since the U.S. now consumes 43% to 45% of the world's supply of gasoline and we consume 3%, then when the U.S. does something to cause changes in the supply conditions, that causes problems around the world and a price effect around the world. They have, as

Industry committee  It didn't have a huge impact, if we look at the kind of production. In 2005 production was 43.9 billion litres. Following the closure in 2006, production was 42.3 billion litres. It didn't have a huge impact. If you look at the latest Statistics Canada reports that I pulled off

Industry committee  If you're talking about the fire at the Petro-Canada refinery in February, the Competition Act can't protect refineries from fires. They happen to be very dangerous places. That is a natural event that would not be within anybody's control. They do happen quite frequently. They a

Industry committee  We compared the refinery margins in the United States with those in Canada. We noted that they were practically the same. When the refinery margins increase in Canada, they increase by the same amount in the United States. All public sources are saying that right now this is a re