• Article
  • Print
  • Send to a friend
  • Comment (1)
  •  

Rick's Rants

[Professional Blog] Rick's Rants Friday September 14th/2012

Gas prices soar!! and Sparks fly, but not at the mayoral debate!

Published on September 14, 2012

       We're paying nearly a nickle more today for gas in Nova Scotia. Prices went up 4.9 cents a litre at midnight, hiking the price to $1.43. Ouch! There was a similar increase in New Brunswick twenty-four hours earlier and PEI's regulated system adjusts its prices tomorrow. But while our regulated provinces jack up the cost of gas, in unregulated markets prices are expected to significantly fall today with another decrease tomorrow and likely a third the day after. WTF! Our gas regulatory system is costing Nova Scotian motorists over $20 million more a year and is out of step with the realities of the world markets. It's time to bring it to an end.

       Good to see musician Dave Gunning win a little victory in a fight with the Royal Canadian Mint. The mint will now allow Gunning to use a photo of a penny on the cover of his new CD, No More Pennies. Up until then the mint was demanding Gunning pay it a $1200 fee. He was planning a penny drive to pay it and went to the media with his story. It wasn't too long after that, the mint relented and in fact has admitted its intellectual property policy may be somewhat out of touch.

        The first in a number of mayoral debates was a bit of a snooze-fest last evening at Pier 21. It was a relaxed setting, the three main candidates sat in nice chairs and were involved more in a one on one situation as they answered questions rather than debated issues. Too bad Peter Kelly opted not to re-offer. It would have added a little zest to the forum. There will be a more lively mayoral debate I'm sure on my News 95.7 radio show in early October.  

        Sparks did fly yesterday as the Utility and Review Board begin its hearing on Nova Scotia Power's proposed 3% rate hike in each of the next two years. The board adjourned for the day to give the parties involved, the power corp, its biggest customers and the consumer advocates an opportunity to work out a deal to present today when it reconvenes. PC leader Jamie Baillie objected, saying the arrangement lacks transparency, that it's "the old way of doing things...the process that Nova Scotians have lost faith in." UARB chairman Peter Gurnham shot back, saying there is "nothing nefarious here." He said any negotiated settlement will undergo a full and complete review. We'll see. The negotiated deal will be presented to the board today.

         Talk about slow justice. MLA Trevor Zinck will not go to trail on his expenses scandal charges until next June. There could very well be an election before then and he's already indicated he plans to run. Charges were laid against Zinck in the winter of 2011. The year before, auditor general Jacques Lapointe released his report that resulted in the police probe. Charges were subsequently laid against Zinck, Dave Wilson, Richard Hurlburt and Russell MacKinnon. Wilson's already served his jail time and is out on parole and Hurlburt was sentenced this summer to a year's house arrrest. The two pleaded guilty to their charges. Both MacKinnon and Zinck won't go to trial until 2013. MacKinnon in March and Zinck in June.

         Have a great weekend. Get involved. And if you're not outraged, you're not paying attention.

          Rick Howe

Comments

  • Username
    Rich
    - September 20, 2012 at 06:53:19

    Hey Rick, Love the show, I listen a lot on my drive home (which is now a lot longer on the Bedford Highway these days, but that should be another rant topic). With respect to the debate between gas regulation/deregulation, I think that you are oversimplifying the debate in comparing our price here to the prices in Toronto. Take a look at this link: http://www.novascotiagasprices.com/retail_price_chart.aspx Now on this graph, compare the 8 year averages between Halifax and Toronto. Regulation came to us July 1, 2006. If you look at the time before that date, the gap between us and TO has been the same. As of this am, the gas price dropped to something more fair based on the market. There was a larger than normal gap between us and TO for the last week or so, but historically there has always been a gap - even when we weren't regulated. To think that deregulation will open competition and the gas companies will drop their prices to get business is naive. I recall that although there was no collusion between gas companies (wink wink nudge nudge) all of the stations charged the same. I recall seeing a slight market increase, or the chance of a hurricane somewhere and seeing the price of gas the next day immediately go up more than 5 cents. Then when events pass, you'd be lucky to see it come down more than 2 cents. Bottom line - deregulation will not see us have the same price (tax difference aside) as TO. Deregulation has not shown historically that it has given NS consumers a better deal. As of now, I don't know what is worse. Potential deregulation and having daily yo-yo's of gas prices, or using our tax dollars to prop up a regulation system that really doesn't seem to be helping us anyway. So my question to you is this - can you find out what the cost is to NS tax payers to fund the regulation system? Because if I am spending more tax dollars as an individual on maintaining this board, than I would be just getting hosed by the gas companies, then I'd be ok with deregulation. But if the tax amount that comes to me is negligible, then let's keep the system we have. Have a great day, Rich

    Submit a comment

Submit a comment

Submit a comment (we keep all emails private)
Agreement

We ask that users remain courteous. You may not post insulting, discriminatory or inappropriate content, which may be removed at our discretion. We are not responsible for user content and opinions. Use of this site as well as content submission & ownership are governed by our Conditions of Use and Privacy Policy.

Member organizations should be non-profit in nature, and promote legal activities. Any organization found promoting illegal activities or commercial products or services will be deleted from the site.

I agree with these conditions.

Notice
The management of this site indicates that it is not liable for persons, organizations and / or organizations to register in order to promote and make themselves known. Moreover, the managers of this site should not be held responsible for errors or other errors that slip inside information recorded under this heading.

Advertising

Ad Finder

May 18th 2013

View our Newspaper ads

Newsletter

Please enter your email to receive our free newsletter

Subscribe to news alerts

Advertising