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Carlo Klemm

Expect low prices at the pump through Christmas

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Carlo Klemm

Expect low prices at the pump through Christmas

CTV News 

Oct 16, 2014

 

 

Excerpt:  The ongoing drop in global energy prices might be stinging Canada's oil producers and the loonie, but it's giving a boost to Canadian drivers.

Gasoline prices are currently at a two-year low across Canada, ranging from $1.08 a litre in Edmonton, to $1.19 in Toronto, $1.29 In Halifax, and a high of $1.35 in Thunder Bay.

Dan McTeague of www.tomorrowsgaspricetoday.com says drivers can expect to see prices stay low until the end of Christmas


*****

 

Middle Eastern oil producers can weather the dip because their production costs are low, he says, as can U.S. fracking companies. But extracting oil from the oilsands is much more expensive, meaning it may become difficult for western Canadian producers to justify the costs with so little return.

"The fact is, Canada could be caught in a bind in the long term," says McTeague.

While lower gas prices may be a welcome relief for drivers and travellers, if low energy prices persist into January or February, Canada's economy could be facing real fears about deflation.


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David Dixon

Regular gas was $2.79 in Newport, Arkansas today.

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Santa Ed K

Regular = $3.24 at Costco in Fullerton California.

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Santa Marty

$4.29.9

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Carlo Klemm

Our local rate at $1.219L works out to  $4.69US gal

 

In the city (Edmonton)the other day converted was $4.19

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David Dixon

Regular gas just dropped a little more this morning, $2.73 in Newport, Arkansas.

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Santa Johnathan

We are around $3.80 here

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Ol Santa

Well howdy there Y'all...

​        ...Ol' Santa here.   Yep, that's good to see...BUT, it doesn't affect me, you see.   The reason is

quite simple.   My reindeer burn corn only!

        Sorry guys, I couldn't resist it!   Incidently, ours is headed south too.   It's down to $2.849

here in the D/FW area too.

 

Ol' Santa

 

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Santa Leonard

Here in Winston-Salem, NC we are around 3.39 a gallon.

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SantaJoe

$2.69 is the lowest I've seen here.

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SCSanta

Paid $2.79 in Greenville, SC over the weekend...here in Columbia it is running $2.83

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David Dixon

Gas was $2.69 a gallon for regular in Newport, Arkansas today.

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