OTTAWA—Canadians have been paying too much for gas for nearly two years, says an analysis released today by the Canadian Centre for Policy Alternatives.
The analysis, by economist and CCPA research associate Hugh Mackenzie, calculates how much Canadians should be paying for gas and finds that since August 2005 prices have consistently exceeded levels that would be justified on the basis of costs and normal profit margins.
“For example, drivers in Toronto are currently being overcharged 15 cents per litre,” Mackenzie says.
The problem is oil company gouging, not higher prices