It's been a year and a half now... so what does gas price regulation actually cost us? Media reports over the last year would have you believe somewhere between 0.9 and 2 cents per litre.
I've become more familiar with the Halifax -> Amherst -> Moncton -> Fredericton corridor over the past year, and there's lots to bug me about it. Merely crossing over the NB/NS border makes me wonder:
Why are gas prices so much higher in NS?
Gas prices went up another 6 cents/Litre this week. Gas prices are, apparently, 1.03 in Fredericton. So why do the stations in Dartmouth read 1.11+ ? Even accounting for the five cents/litre difference in provincial taxes this is stupid.
Each time I've headed up that corridor, gasoline is consistently cheaper just across the border. Noticeably cheaper. The highest price I paid for gas driving to Montreal was 1.08: and that was at a backwater station in the Middle of Nowhere, QC. At the time, gasoline was about 1.15 here.
Why, Rodney, why? It's not about saving money, according to the Conservatives: the reasoning behind regulation was price stability. But weekly price changes don't make prices more stable
Premier Rodney MacDonald’s rationale for regulation is gone. With the move to weekly price adjustments, he can no longer argue that consumers have gas price stability. Fifty-two possible price changes is not stability and provides no more consistency than the competitive market. For example, in 2005, there were only 62 price changes. In 2004, there were only 50 price changes.
It's not about saving money. It's also not about price stability. So why do we pay this extra cost? It's just a money sinkhole. And another reason why leaving this damn province is looking very, very appealing.
Update: Fixed my borked html