Industry committee  That's an average over the last 10 years, the 1.5¢ a litre.

Industry committee  In 2006 it was about 2.5¢ a litre after-tax profit for the downstream. That's not an absolute calculation; it's an extrapolation using Imperial Oil, Petro-Canada, Shell, and Suncor. They are the only ones that produce that data publicly. They represent about 70% of the refining c

Industry committee  I think it was about 2.1¢ a litre the year before. I actually have the numbers.

Industry committee  Those are all annual report data from those four companies.

Industry committee  I'll dispute the point a little bit. In terms of the marketing margin, those are probably monthly averages. On a monthly average they don't change. On a daily, hourly basis, the marketing margin in Ottawa can go up and down 12¢ a litre.

Industry committee  You can pick Katrina, you can pick the power outage we had in 2003--you can see some of those peaks very clearly.

Industry committee  The Conference Board of Canada carried out a study a few years ago. In fact, this is the only statistical analysis that has been carried out regarding increases. There was actually no correlation found between long weekends and higher gas prices. They found that there was no link

Industry committee  As consumers, we are much more sensitive to gas prices. We travel a lot, so it is natural to think that prices tend to be higher before long weekends. But statistically, it is not true.

Industry committee  There is also the fact that two thirds of service stations have their prices set by the station manager. One third of the retailers are managed by the refiners. The largest has 7% of the service stations. It is impossible to push prices up with only 7% of the market. But it is ea

Industry committee  All the...

Industry committee  Most of the consumption is due to wind resistance. You'd have to know what the wind conditions were. I ride a bicycle, and let me tell you, when you're going with the wind, it's a breeze. When you're going against the wind, it's no fun at all. Your engine is—

Industry committee  Nowadays it's very nice, but back then it wasn't nice at all. Like everything else, things change. If you're talking about separating retail and wholesale, they tried that in the States several times, and in fact all of the states that have laws that you can't be a refiner and a

Industry committee  I'm less familiar with telecom.

Industry committee  The engineer will have to deal with that.

Industry committee  I find it a bit of a stretch. It would be very tough to simulate. You would have to be driving the same roads with the same wind conditions...the same everything. It would likely be very different. There is a possibility that U.S. gas may be a little heavier and have slightly mor