Gas prices reach four-year low across Canada
Posted 2008-12-24 07:56:00
Holiday motorists are getting a break this season as the price of gas dips to a four-year low across much of the country.
The average price of gas stands at 74.9 cents a litre, according to Calgary-based consulting firm M.J. Ervin's weekly survey, released Tuesday. That's down 1.4 cents from a week ago.
Read More ... CBC.ca
Low gas prices may persist until spring
Posted 2008-12-08 09:15:12
After peaking at 135.6 cents per litre on July 7, the price of gasoline has been steadily decreasing.
The average price of gasoline in Ontario hasn't dropped since 2002, the Ontario Ministry of Energy and Infrastructure reports.
But will prices continue to fall? Experts say they should remain low for the next six months to a year, but it's impossible to know for sure.
Read More ... National Post
Gasoline may get even cheaper
Posted 2008-12-03 10:29:38
A further savings of 10 to 15 cents per litre of gasoline is in store for motorists in southwestern Ontario.
At least that's the prediction of Hassan Elkhodr of Chatham.
In mid-October, the service station operator correctly forecasted that gasoline prices would drop from their $1-per-litre- plus range to the 70-to-80- cent mark.
Many motorists interviewed by The Daily News were skeptical. But Elkhodr's prediction, based on his close monitoring of gasoline prices over a 15-year period, came true.
Read More ... The Chatham Daily News
Gas prices near four-year low
Posted 2008-12-03 08:49:02
OTTAWA -- Canadian gasoline prices are the lowest they have been in almost four years, according to a weekly report by Calgary-based petroleum consultancy group MJ Ervin & Associates.
Its weekly pump-price survey, released Tuesday, shows the average price of regular gasoline in the country at 80.7¢ a litre, down 2.7¢ from a week early. Besides being the 11th-straight week the average price has fallen, it is the lowest national average MJ Ervin has documented since 79.7¢ on Jan. 18, 2005.
Read More ... National Post
Why gas prices fall so slowly
Posted 2008-11-24 05:30:03
The cost of a barrel of crude oil hit a record $147.27 US in July and with that, gasoline prices shot up to unprecedented highs of more than $1.50 a litre in some parts of Canada.
Although the cost of crude began sliding back down in August and on Thursday returned to below$50 a barrel, the price of gas in Canada hasn't dropped proportionally. Recent figures show it averaging about 85 cents a litre across the country.
Read More ... Calgary Herald
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