I Am Skooter : Chocolate? What about gas!

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I Am Skooter	«11.26.07 . home . 12. 2.07»
So here's us, on the raggedy edge. There's a fortune inside your head / All you touch turns to lead / You think you might just crawl back in bed — Wilco, Misunderstood

November 28, 2007

Chocolate? What about gas!

A sure sign that the government has it’s priorities a little skewed: the chocolate industry gets investigated by the competition bureau while the automotive gas industry…doesn’t.

Chocolate bar makers probed over prices
PAUL WALDIE
From Wednesday’s Globe and Mail
November 28, 2007 at 12:00 AM EST

Is there something underhanded going on with the price of Kit Kat, Snickers and Caramilk bars?

Federal regulators have launched an investigation into allegations the Canadian divisions of Nestlé, Cadbury, Hershey, Mars and others have teamed up in a price-fixing scheme in the multibillion-dollar Canadian business of chocolate bars.

The Competition Bureau served search warrants on several major bar makers this week requiring them to turn over reams of documents on their pricing arrangements.

Here’s the puzzling question of the month on gas: gas prices went up as oil prices rose. Oil is priced in American dollars. The Canadian dollar is up 30% against the American dollar. Why haven’t gas prices in Canada gone down?

Gas is typically more expensive in Vancouver than Toronto due to a lack of refineries, but the rising dollar should still have benefited consumers here.

Posted by skooter at 1:45 PM This entry is filed under Canada, Politics.
This entry is tagged: Conservative Party of Canada, Economics