This one was popular at the office. ABC News Correspondent and Co-Anchor of 20/20, John Stossel takes a refreshing look at gas prices. It's U.S. based, but the content holds up well on both sides of the border. View it here, or go to the ABC News Site.
You can follow this conversation by subscribing to the comment feed for this post.
The comments to this entry are closed.
A Suncor Business - ™Petro‑Points, the Petro‑Points logo, the Petro‑Canada logo and LIVE BY THE LEAF are all trademarks of Suncor Energy Inc. Used under license.
Copyright © 2023 Suncor Energy Inc. - Terms & Conditions of Use - Privacy Policy - Contact Us 
Here's a great chart that reiterates the media hype of 'high' 2007 pump prices... Oil was, believe it or not, more costly in the early 80's.
http://en.wikipedia.org/wiki/Image:Oil_Prices_1861_2006.jpg
Posted by: Dave Cacka | September 06, 2007 at 05:15 PM
Good piece. It's hard to feel bad for people making way more money than I, but the logic is pretty solid. I certainly work a much higher margin of profit in my business than you can get away with selling oil.
Posted by: Mario Parise | September 07, 2007 at 07:57 AM
My husband and I own a gas station in a small town in Northern Ont. First and foremost let me say that we BUY our gasoline from our distributor, therefor it is OUR retail product, that we own for resale. No other business that sells retail has such a fixed pricing with very little margin (if any) for profit. Once in the ground it is our job, to go outside in the rain, sleet, snow to pump it into vehicles. We do all the hard work at selling and distributing the product and yet, get the least amount of profit from this billion dollar commodity. We also take most of the blame for the high pricing which is totally unfair. It's time gas station owners get their fair share of percentage which is long overdue.
Posted by: Jolyne | October 24, 2007 at 04:00 PM