Canadians to finally see some relief at pumps as crude continues decline
Posted 2008-09-02 10:41:00
CALGARY — A commodities expert says Canadians can expect to see some relief at the gasoline pumps, as the global price of crude oil continues to plummet.
Oil prices have deflated significantly since mid-July, when crude hit its all-time high of US$147 a barrel. Around midday Tuesday a barrel of crude was near US$109, after dipping as low as US$105.46 earlier in the day.
Read More ... The Canadian Press
Gas prices could rocket up to $1.75
Posted 2008-08-30 20:24:12
EDMONTON - Gas prices are on the rise again, just in time for Labour Day weekend.
Prices in Edmonton have increased more than a nickel since Tuesday, hitting close to $1.31 at many gas stations.
The increase and the timing has frustrated a number of vacationers.
Read More ... Edmonton Journal
Canadian gas prices aren't so bad, industry expert insists
Posted 2008-08-27 20:36:05
While Canadians complain about the soaring price of gasoline at the pumps, an oil industry spokesman says people in this country actually have it pretty good.
Peter Boag, testifying before a parliamentary committee on Tuesday, told MPs that fuel prices are lower in Canada than they are in every other Western country except the United States.
And the fact that Canadian gas prices jump up and down from day to day is actually a good sign, he said.
Read More ... CBC.ca
Gasoline retailers blame wholesalers, speculators, for high gasoline prices
Posted 2008-08-27 20:33:39
OTTAWA — Consumers feeling pain at the pumps got no relief Wednesday from Canadian gasoline producers and retailers, who brought a don't-blame-us message to a Commons committee investigating high energy prices.
MPs are studying how a barrel of crude oil could jump from roughly US$70 to above $140 within a year, and what role speculators may have played in the rise.
Read More ... Canadian Press
Gas prices push inflation to five-year high
Posted 2008-08-25 07:32:56
Higher gasoline and food prices pushed Canada's inflation rate to a five-year high of 3.4% in July, Statistics Canada reported on Thursday.
Core inflation, which is stripped of more volatile items and is the traditional measure used by the Bank of Canada to determine monetary policy, remained at 1.5%, the same as June.
Read More ... National Post
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