Competition Bureau says there’s no collusion behind high gasoline prices

Macleans

March 31, 2005 – 18:58

JAMES STEVENSON

CALGARY (CP) – Record high gasoline prices across Canada last year were caused by low inventories and the soaring cost of oil – not from collusion by the big energy companies, the federal Competition Bureau said Thursday.

“We found no evidence to suggest a national conspiracy by gasoline companies to coordinate price increases,” competition commissioner Sheridan Scott said in a release.
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