Even industry experts are calling this fiasco a "manufactured supply shortage." Remember Hurricane Katerina? Gas prices in S. Ontario shot up, and the explanation was that a lot our product came up via the U.S., and they were having refining problems.
This time ... Whoops! .... no product is coming up from the U.S., all our supply comes from local refineries, and one of them had a minor refining problem.
The refinery at Oakville was mothballed and taken out of commission around 1997 or thereabouts. Industry officials didn't want to spend the money to upgrade the facility and keep it operating. They reasoned that Ontario didn't need the added refining capability at any rate, as all our supply requirements could be met by existing facilities.
The supply of refined gasoline has been deliberately reduced. Now Big Oil is saying "hey ... the demand is greater than the supply, so we are justified in charging higher prices."
What a load of crap.