Holiday gas station game 20228/22/2023 ![]() Kenney to ask competition bureau to investigate potential gas price fixing in Alberta.Some Edmonton area gas stations drop prices after Kenney asks for price fixing probe.Then-premier Jason Kenney said he would ask the competition bureau to investigate potential gas price fixing in the province. Last time the province fully stopped its collection of the gas tax, prices went down initially and then rose back up. ![]() ![]() "So, they max profits, and when somebody looks their way, they say, 'Hey, maybe we should change our behaviour because someone is watching.' And when people stop watching, they go back to doing what they were before." "Inevitably, it's going to be swallowed up by profiteering, not in the illegal, immoral sense, but these companies are going to realize they can pocket that cash and consumers aren't going to be in a position to do anything about it," Lander added. "Four and a half cents is hard to see when prices can be volatile by two to three cents a day easily," he added.Įven in a more stable market, economist Moshe Lander is skeptical that savings would be passed along to consumers. "Or are they going to be able to get through this and see their economy start to rebound?"Īll of these factors have meant the 13-cent reduction many consumers expected to see, will likely be a four-cent a-litre drop, Masson said. "Is it going to end up in a bigger lockdown after all of the reopening," Masson asked. He believes China's reopening after persistent COVID-19 lockdowns could become another source of instability. While Alberta's economy is strong, Masson predicts continued fuel price volatility for the remaining winter months and into early spring. "World oil prices have been bouncing all over the place and it's been difficult for people to predict what's going to happen with prices in terms of supply and demand," Masson said. Richard Masson, World Petroleum Council chair, says the continued Russian invasion of Ukraine and new European Union rules on purchasing Russian crude are unsettling oil prices. Rising prices due to global market factors have eaten into how much of the price saving Albertans are noticing, two market experts told CTV News Edmonton. 1, the provincial gas and diesel tax holiday resumed as an affordability measure. While Alberta suspended its collection of the provincial fuel tax, market experts say volatile gas prices will likely mean motorists will not notice the difference.
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