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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
Canadians Buying Less Gas
Posted 2008-08-12 06:36:22
The summer of 2008 has been tough on drivers.
In July, oil peaked at nearly $150 a barrel, and the price of gasoline hit record highs.
Now, oil prices are falling fast, but gasoline prices have dropped only slightly.
The average price at the pump is hovering around $1.30 a litre these days, just slightly less than its peak earlier this summer.
Read More ... CTV.ca - Calgary
Gas prices inch upward
Posted 2008-08-05 20:24:27
OTTAWA - After two weeks of gasoline-price declines, a petroleum-industry consultancy group report on Tuesday showed an average increase in Canada of just more than one cent from last week.
Read More ... Canada.com
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