LGN News Headlines - -
Wed, Mar 5th - 8:23PM
Experts predicting $1.40 gas / litre in Canada
Gasoline prices in Canada could rise to about $1.40 a litre in a few
months if oil prices stay at current record levels and demand picks up
for the summer driving season, oil industry observers say.
Average Canadian gasoline prices were more or less steady at 111.60
cents per litre today, according to GasBuddy.com, a website that tracks
retail gasoline prices in Canada and the United States.
cost of a barrel of oil surged to more than US$104 on energy markets
today after OPEC said it would keep global production steady for the
time being, despite U.S. calls to step it up. Investors who had
also expected U.S. oil inventories to rise were also jolted by news
that there was, in fact, a decline in U.S. stockpiles of crude.
(US$ equivalent is $5.60 per gallon.)
For more on the high prices of oil: Hundred Dollar Oil