We often hear statements like “how can gas prices jump so drastically overnight… but it takes weeks or even months to come down just a few cents?” or “why does the price always increase just before a holiday?”. After numerous investigations, no evidence of gouging has been uncovered. The gas companies state that it is simply a case of supply and demand.
I’m by no means an expert, but how can a difference of over 13 cents between stations which are pretty much located just down the street from each other be explained? Why are the prices so varied between the same brands? Operators state that the margins they earn are mere pennies on a litre. So does that mean they are selling fuel below cost as a lost leader to make more money on items such as beverages and snacks?
The lowest price here in Sault Ontario is currently 92.0 cents at the Mac’s, corner of Third Line East and Great Northern Road. You can follow the Game of Pumps right here on SaultOnline courtesy of Gas Buddy. Simply navigate to “Getting Around – Lowest Gas Prices” found on the main menu bar.