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Gas Prices - How can you explain a 40 cent a gallon difference?

The Esso on Memorial Drive in Clarenville @ 137.9
The Esso on Newfoundland Drive in St. John's @ 129.4/ltr

Reports are coming out this morning that the price of gas will be going down by up to 4 cents a liter tomorrow in the weekly Thursday gas price setting shell game.  So WAIT AND  BUY YOUR GAS TOMORROW!!

But my concern about gas goes beyond un-explainable yo-yoing of gas prices.

My concern lies in that fact that there is almost a 10 cent a liter difference between the price of gas in Clarenville and the price of gas in east end St. John’s.  No doubt we have the Costco Corporation to thank for driving their immediate competitors’ prices down, but when the difference is sustained for such a long period of time it gets me thinking that there is something wildly wrong and sinister about gas pricing in this province and more particularly, in our town.  If gas companies can afford to keep their prices significantly lower in St. John’s for such an extended period of time without going out of business, it tells me that they have lots of profit room to work with.

This issue is costing our economy greatly.  As rational consumers we cannot be faulted for buying gas at the lower price and seeing so many people travel to St. John’s on a regular basis, locally owned gas suppliers are paying the price for this.  Every liter of gas pumped in St. John’s by people from Clarenville means money is taken out of local gas suppliers pocket’s and money is taken out of our local economy.    This is bad for all of us.

Local gas suppliers should be feeling the pain of this and should be making the big gas companies aware of their collective problem.  The differential is just too great and must be brought into line in the form of lower gas prices in Clarenville. The long term cost of this is damaging to our local companies and our economy – it needs to be addressed



Comments

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