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Monday, January 30, 2012

Regulated Gas Prices In Province Blasted

Gas regulation in the province is broken.......That declaration from independent gas retailer Chris Scholten of Scholtens who was pressing the provincial government to have a legislated minimum price for gas in light of what's been happening in Fredericton when Costco drastically reduced gas prices for its members.
 
Scholten warns more independent retailers will be driven out of business and that means less tax will be collected by the province. 

Provincial Finance Minister Blaine Higgs seemed open to the idea of a legislated minimum price for gas which they have in Nova Scotia and Prince Edward Island but was rejected by Energy Minister Craig Leonard and the Premier.