Volume 93, Issue 91

Wednesday, March 22, 2000


U of T students sit for sweatshops

Cultural Caravan stops in atrium

Kissel in race for CASA director

Parents oppose Harris' new code of conduct

Jane Jacobs talks city business

New study to explain rising gas prices

Cab company makes switch to natural gas


Bass Ackwards

Caught on campus

New study to explain rising gas prices

By Katy de Vries
Gazette Staff

As rising gasoline and oil prices continue to enrage motorists, Industry Canada and Natural Resources Canada announced Monday a new study is in the works to explain the causes and effects of the rising prices.

The two government departments would fund the study conducted by the Conference Board of Canada, said John Embury, director of communications for the NRC.

Although the public would like to remedy the gas price situation, it is imperative people understand why the prices have inflated as they have, Embury explained.

"We have to address the domestic gas situation and the international gas situation, so that we can figure out where the Canadian situation fits in on an international scale," he said.

Embury added there has to be some action to determine why gas prices fluctuate so rapidly. "We are involved with the science of it all and determining what exactly drives market prices."

Jennifer Sloan, press secretary for the Minister of Industry, said the study, which would be conducted from April 1 to Dec. 31, would address how consumers and the companies involved in gas distribution and marketing are affected by the prices.

Sloan also said it was necessary for a third party to conduct this study because it dealt with both government and public concerns. "We will present a balanced analysis of a non-policy piece of research on the public consultation process," said the manager of communications at the Conference Board of Canada, Yevette Diepenbrock.

The director of public relations for the Canadian Automobile Association, Pat Jackson, said this study was a must since there were no rules or regulations presently governing the petroleum industry. She said work of this nature may result in the government realizing the need to initiate some degree of policy or change.

Jackson added as long as the study was balanced, it would be effective in carrying out its initiatives.

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