On August 17th, 2017, the Telegram referenced study “What’s Still Missing From Your Wallet?” by President and CEO Marco Navarro-Génie:
“The study by AIMS president and CEO Marco Navarro-Génie said the biggest hit to consumers is in Nova Scotia, where motorists are paying up to 2.5 cents a litre more for gasoline under government-controlled pricing than they would have paid without regulation.
In the other Atlantic Provinces, the amounts are smaller and in some towns and cities may be paying slightly less, however, AIMS said.
But AIMS said consumers have lost out on $200 million in the past decade or so.
Gasoline price control mainly came about because of consumer anger over rising gas prices in the unregulated market, but is ineffective, AIMS argues.
‘Gasoline price-control does not exist anywhere else in Canada, except for Quebec. Governments and civil servants in this region are far too willing to intervene and distort large and small areas of the market, and that turns people away,’ Navarro-Génie said in a news relapse
AIMS estimates consumers in the provinces have paid the following excess amounts for gasoline:
• Nova Scotia (since 2006): 36-million
• New Brunswick (since 2006): 15-million
• Newfoundland and Labrador (since 2001): 63-million
• Prince Edward Island (since 1991): 91-million”
Read full article here