Monday, March 16, 2009
Quebec's Yo-Yo Gas Prices Unjustified
It's good to see gas prices down, but those annoying spikes that see prices jump by ten percent in a single day seems a bit over the top. This price volatility isn't justified. The people over at gasbuddy.com have all sorts of graphing tools and I've created one that compares Montreal gas prices to two random American cities, Austin, Texas and Balitmore, Maryland. Aside from the striking difference in price (we're paying almost double the price), look how stable and gradual price movements are in the US.
The pattern here is a large jump followed by a gradual followed decline. My research indicated that this pattern occurs all across Canada, but not in the USA. I think our retailers have some explaining to do...
You can beat these spikes by filling up regularly when the price is stable. Then you can ride out the couple of days after a spike, until the price falls again.
Posted by Editor on 3/16/2009 05:17:00 PM