Thank you, Mr. Speaker. I guess many in the Northwest Territories may term it or state that it's a form of gouging, but the practice has been throughout industry that -- and I'll use an example -- again, my community when the prices started going up, we know, for example, in communities that don't have highway systems or barge, for example, Inuvik gets its fuel supply by barges and we know that that barge delivery happens in early summer and it's put into storage facilities within Inuvik under one of the larger companies. It isn't until that gas leaves that storage facility, is put into a truck for delivery that the price is set. So the rack price on the market-of-the-day is what it's spotted at and charged at that rate. So that's, when I talk about rack price, the way it happens. In the large companies, the large suppliers, as the fuel leaves its facility into the delivery truck, the price is set at that time. Thank you.
Floyd Roland on Question 56-15(6): Increase To Yellowknife Gasoline Prices
In the Legislative Assembly on May 11th, 2007. See this statement in context.
Further Return To Question 56-15(6): Increase To Yellowknife Gasoline Prices
Question 56-15(6): Increase To Yellowknife Gasoline Prices
Item 7: Oral Questions
May 10th, 2007
Page 123
See context to find out what was said next.