QUEEN’S PARK – Today, Gilles Bisson, MPP for Timmins-James Bay, tabled his private member’s bill, Fairness in Petroleum Products Pricing Act, 2017, which will allow the Ontario Energy Board to regulate the retail price and wholesale mark-up of petroleum products in Ontario.
“This bill will protect Ontario families from gasoline price gouging” said Bisson.
“It would seem that Glenn Thibeault, the Minister of Energy, was converted on the way to the cabinet. When he was an MP in 2014 he believed in gas price regulation, he even started a website where his constituents could complain about the price of gas. Now that he’s the Ontario Energy Minister, he wrote in a statement that regulating gas prices would hurt consumers.”
“It is the government’s job to make life better and more affordable for its citizens” Bisson said, “Glenn Thibeault is out of touch with what every day Ontarians are facing at the pumps”.
“This government has let us down time and time again. Families are being pushed to their tipping point and we need change. We see large price swings that do not reflect the barrel price or transportation costs.”
According to a report on fuel pricing in Ontario by Kent Group Ltd. “Substantial differences between rack prices within a supply region are generally due to the transportation costs associated with moving refined product from its point of production (refinery) to its point of primary distribution (terminal or rack point).”
However, on Thursday, when Bisson announced his intention to table this bill, there were large price swings within the same regional markets. According to GasBuddy, the price of gasoline in Timmins was 128.6 on Friday morning, while in Kapuskasing, which is 2 hours away, it was 112.6, cheaper than it was in Toronto at 114.9. The lowest price in the province was 100.9 in Hagersville, south of Hamilton, and the highest was 149.9 in Upsala, in the district of Thunder Bay.
“Clearly if we can regulate Natural Gas Prices across the province or sell a case of beer at the same price in Cornwall as we do in Kenora clearly we can do something to protect consumers from being gouged at the pumps” said Bisson.