Monday, June 30, 2008

Go Fly a Kite


Imagine for a moment that you are a greedy gas company conspiring with other greedy gas companies about the best way to rip off consumers. There is a long weekend coming and right in the middle of it is a carbon tax implementation. The world price has hit record highs twice in the last week, but you know it takes at least 6-8 weeks for the increase to flow through the system and then whack the consumer. You also know that the long weekend, which has been a traditional kickoff for the summer driving season, will see less driving this year because of gas prices. So folks will not really be filling up on the Thursday or Friday before the weekend. Here is the 'kicker'. Everyone is learning to hate the carbon tax which will hit us tomorrow so naturally, everyone will want to deprive the government of the extra money and that can be done by filling up today. Well, surprise, surprise. This morning the price jumped 5 cents a litre! Tomorrow, another 2.4 cents with the new tax. I passed three gas stations early this morning and all three had jumped the price at the same time by the same amount. This does not bode well for Gordo.

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