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The wholesale price of gasoline has remained the same. Prices in Canada, however, have been fluctuating a great deal as of late.
“Competition among dealers is bringing volatility to the pumps, which means prices for consumers will take wild swings — both up and down — said Michael Ervin of M.J. Ervin and Associates in Calgary on Friday.
“When we see prices moving up and down, without any change in the underlying wholesale prices or with little wholesale price change, then it’s a reflection of price war activity,” Ervin said in an interview with CBC News.”
Usually when we think price war, it means a lower price for the consumer. As the report indicates that is not always the case.
“Strategically, tactically, dealers move their prices down for a period of time, then back up again and try to do it quickly — so quickly as to get in and get out and grab volume before the big oil companies basically take notice and change their prices,” he said.
“You can’t predict when they start; you can’t predict how they go or how long they will last. It’s localized.”
Basically, as with any purchase, it is buyer beware. Do your homework, wait for the sweet spot if you can.
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