Info on how fuel prices are set in Canada
No hating just the facts.. For people complaining about high fuel prices in Canada this explains all From CBC news No matter where they originate, oil products are priced in U.S. dollars. An...
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Nothing nefarious. The USA doesn't set oil prices. If there is anyone who set oil prices it's OPEC (though they have lost a lot of their power to do so in recent years). They openly admit that they are manipulating output to control prices.
The underlying price (minus taxes and transport) is the same regardless of where you buy it. Oil doesn't know where it's being pumped.
Yes, currency shifts will affect the number you see at the pump but it will have a similar effect if you buy a BMW from Germany or a Japanese computer. The current exchange rate will factor into the price.
The underlying price (minus taxes and transport) is the same regardless of where you buy it. Oil doesn't know where it's being pumped.
Yes, currency shifts will affect the number you see at the pump but it will have a similar effect if you buy a BMW from Germany or a Japanese computer. The current exchange rate will factor into the price.
