Thank you, Mr. Speaker. As everyone who owns a house or a car knows, fuel prices seem to continually go up and down, and
there’s no stability. Many people are familiar with the issue of last product in, first product out, so that’s sort of the pricing principle. As many people know, especially here in Yellowknife, when the ice bridge went out, no new product was trucked in to Yellowknife — I can tell you that — but the prices fluctuate. Based on that sort of pricing model, it seems completely unreasonable that fuel prices were going up and down.
I wrote the Minister of Finance about some pricing regulations and possibilities. There are other provinces across Canada, five to be exact, that regulate to some degree fuel prices, and that’s motor fuels as well as home-heating fuels.
Mr. Speaker, my question to the Minister of Finance is: will he look into this issue to see if we can create some type of stability here for the Northwest Territories, sort of something to take the volatility out of the ups and downs of the fuel pricing?