Timmins-James Bay NDP MPP Gilles Bisson announced his intention last week to table a private member’s bill to protect consumers from price gouging by regulating the retail price and wholesale mark-up of petroleum products in Ontario.
“Gas companies and refineries have been gouging Ontario families for far too long,” said Bisson. “They are currently an unregulated commodity and they can charge us whatever they want. This is just wrong and it needs to end.”
Last week, according to GasBuddy, gas sold for 101.7 in Hagersville while in Thunder Bay it sold for 139.9—that’s almost $0.40 per litre difference. “The average price of oil has been between $50 and $55 per barrel, yet the retail price of gas per litre does not reflect the barrel price,” Bisson stated.
“If we can sell a case of beer or a bottle of wine for the same price in Cornwall and Kenora, certainly we should be able to bring fairness in the price of gas,” said Bisson.