Gas Prices + May Long Weekend

The May Long Weekend is upon us which means two things here in Canada - poor weather and an increase at the pump.

I woke up this morning to snow on the ground and there's word that gas prices have shot up to 99.9 cents per litre. Mission Accomplished.

For years people have complained about the gas prices increasing on a long weekend but Oil Companies always shrug it off saying it's just a coincidence or what not.

So for the sake of arguement, I present to you Exhibit R. R is for robbed.

May 14, 2008

Price of Oil: Approx. $125
Price of Gas: $1.307 / L

May 14, 2009

Price of Oil: $57.65
Price of Gas: 99.9 cents / L

Now I'm no math expert but doing a quick calculation (and please correct me if I'm wrong...)

There's a 46% drop in the price of Oil from this time last year - if you were to apply a 46% drop in the price of gas that would bring us to 60.28 cents per litre.

So tell me again why we're paying almost $1/L when the price of Oil is no where near the record levels from last year?

Two words...

Greed - Robbery.

PS - Enjoy the May Long Weekend and if you happen to be drinking, please do us all a favor and don't drive.