Oil pricing tag wars are a sight to see yet it translates to inconsistent price alterations. In March 2011, gas prices rose up by almost 19% after a 16% bump from February 2010-2011. Net sales of gasoline, however, went from about 38,500,000 liters to 39,700,000 from 2005-2009 (Statistics Canada, 2014). Collusion of oil marketers and cartels have resulted in volatile gas prices in most Canadian cities. These cartels work together to maximize their profits at the expense of the consumer. A slight change in price may spark a tremendous ripple effect devastating the customers who cannot keep ...
Essays on Prince Edward Islands
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