Discussion · Government Orders
Mario Beaulieu Bloc Québécois
“Gas prices went right back up after we cut the fuel tax. Oil companies might just be keeping the extra profit. Our oil comes from Canada and the United States, so overseas shortages do not affect us. Why are gas prices still going up?”
“Mr. Speaker, I would like to thank and congratulate my friend and colleague from Joliette—Manawan. I am not an economist, but we saw gas prices drop slightly when the fuel excise tax was abolished only to go back up to where they were before. Could it be that oil companies are pocketing extra profits? We also know that gas prices are rising even though oil from the Strait of Hormuz does not affect us because we get our oil from Canada and the United States. Why are prices rising when our oil is not from sources that have dried up in the Strait of Hormuz?”
Official Hansard
Mr. Speaker, I would like to thank and congratulate my friend and colleague from Joliette—Manawan. I am not an economist, but we saw gas prices drop slightly when the fuel excise tax was abolished only to go back up to where they were before. Could it be that oil companies are pocketing extra profits? We also know that gas prices are rising even though oil from the Strait of Hormuz does not affect us because we get our oil from Canada and the United States. Why are prices rising when our oil is not from sources that have dried up in the Strait of Hormuz?