Oil companies probably aren’t swindling you: U of S prof says
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The price of oil has fallen to a six-and-a-half year low, yet the price of gasoline in Saskatoon still averages over $1.22 per litre for regular.
And while some may conclude that international oil giants are gouging consumers at the pump, associate professor Joel Bruneau says that’s probably not the case.
Bruneau teaches economics at the University of Saskatchewan, specializing in international trade and natural resources.
“I think every year, at about this time of year, this question comes up,” he said. “There seems to be this universal mistrust of big oil companies; that somehow the big oil companies are behaving in a fashion that’s bad for consumers. I don’t think there’s much evidence (of that)… I think this is just the way that the market works, and people are sensitive to it.”
