Gasoline Price Fixing: Charges & Convictions Made

[treg50]

Gasoline retailers face probe

The federal Competition Bureau says it is investigating gas price fixing in other provinces in the wake of criminal charges and convictions in Quebec.

Full story: http://www.thestar.com/Business/article/442585

[Antonito]

What a shock

At the very least this should take some of the pressure off as stations become paranoid about being accused and keep prices a bit lower to keep a low profile

[brown_guy]

damm them scamers..................................

[GQBalla]

were the prices lower or higher than what gas is actually suppose to be?

[MR_PIMP]

Originally posted by GQBalla
were the prices lower or higher than what gas is actually suppose to be?

Higher...Thats why they got fines

[Canmorite]

Originally posted by GQBalla
were the prices lower or higher than what gas is actually suppose to be?

Really?

[88jbody]

Originally posted by GQBalla
were the prices lower or higher than what gas is actually suppose to be?

they were placing charges against the people selling gas at a loss of course. people hate getting cheap gas

[teg_boya]

Originally posted by GQBalla
were the prices lower or higher than what gas is actually suppose to be?

thats a very good question... maybe a mod can clear it up for us

[DRKM]

There are fines you can face if you price things too low as well...

[GQBalla]

Originally posted by Canmorite


Really?

do you know if they were lower or higher?

if you do please enlighten me because

1) they could have gotten fined for having gas higher than normal

2) they could have gotten fined cause those stations were selling cheaper.

[sr20s14zenki]

Originally posted by GQBalla


do you know if they were lower or higher?

if you do please enlighten me because

1) they could have gotten fined for having gas higher than normal

2) they could have gotten fined cause those stations were selling cheaper.

ummm....k.....why would you get fined for selling gas cheaper.....its your problem if you WANT to take a loss...

[AG_Styles]

Originally posted by sr20s14zenki



ummm....k.....why would you get fined for selling gas cheaper.....its your problem if you WANT to take a loss...

because there are fines against companies that also sell products for below cost. Canadian trade laws seem to say they encourage free trade but yet limit how high or how low companies decide to sell their products. Dont get me wrong, I have issues with the govt deciding to fine a company if they decide to sell products for lower than cost value. But nevertheless, there is a fine for selling goods/products below a certain cost determined by the govt.

[szw]

Originally posted by GQBalla


2) they could have gotten fined cause those stations were selling cheaper.

Not for selling gas. Look at those gas stations that run those stupid 5c/liter promotions some days or something.

And its not that they were charged for raising the price too high, its because they conspired with other stations to set the price. I don't think it matters what the level of that price is.