Up in Canada here, when Saudi and Russia flooded the market with oil a few years ago and dropped the price per barrel from $100-$110 to $30(?)-$50 per barrel. The companies up here were like "the economy is gonna crash with oil being so cheap, so we're gonna 'stabilize' the market by raising gas prices by ~CAN$0.20/L." Of course, they increased their profits tremendously, and now that oil is back to where it was before the flood, they refuse to remove their "stabilization increase."
So there's that to add to the price in Canada. Where we average over $8/Gal.
Up in Canada here, when Saudi and Russia flooded the market with oil a few years ago and dropped the price per barrel from $100-$110 to $30(?)-$50 per barrel. The companies up here were like "the economy is gonna crash with oil being so cheap, so we're gonna 'stabilize' the market by raising gas prices by ~CAN$0.20/L." Of course, they increased their profits tremendously, and now that oil is back to where it was before the flood, they refuse to remove their "stabilization increase."
So there's that to add to the price in Canada. Where we average over $8/Gal.