Gas prices continue to rise

After going up by one cent this morning, prices are expected to rise by 0.4 at midnight, reaching 140.3 per litre.

Gas prices are continuing to rise and could hit a three-year high tonight.

After going up by one cent this morning, prices are expected to rise by 0.4 at midnight, reaching 140.3 per litre.

Average prices are as much as about 20 cents a litre more than this time last year.

Gas-industry expert Dan McTeague says the recent spike is due to excessive speculation, partly because of the tensions between Russia and Ukraine.

The rising prices have convinced some drivers to wait as long as half an hour for cheaper gas at stations like the Costco in Scarborough, where you can save six cents a litre right now. The price can be as much as 10 cents lower at times.

"Any 10 cents makes a big, big difference if you have children at home," says Felicity, while waiting to gas up. "You can save one dollar or 50 cents to buy milk."

The good news coming from McTeague is that he thinks the prices are unsustainable and refineries are going to have to drop their prices soon.

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  1. Peter posted on 04/24/2014 09:42 AM
    - - - Cool new interest for everyone: Gas Price Hobby - - -

    I drink my first sip of coffee this morning. It is rum & pecan flavoured. A thought came to me which may be interesting and motivating to some readers here.

    What a good hobby it would be to study gas pricing. This would be something like studying weather. It is ubiquitous and affects most people. You can start a conversation about it anytime with anyone and win any arguments and show
    good useful intelligence about something pertinent.

    I notice that in January 2009 the gas price dipped to 66 cents. Now what caused
    that?, was it somehow related to Russia Ukraine gas crisis? How interesting it
    would be to find out.

    Lots of information and resources is available to make gas pricing science a real good hobby. Compare gas price versus crude oil price. Try to relate gas price to inflation and interest rates? - why not..

    * Would Visa go broke if everyone only purchased $2.00 of gas at a time?
    * Try to predict the future gas price,
    * What is rack pricing, and what about diesel fuel, - does it follow gas trends?
    * Why are some cities 10 cents lower in gas price?
    * Make a spread sheet covering your gas price area of expertise .
    * Start your own gas price web site!

    Everyone will want to talk to you when you have gas price information and
    all the interesting facts and stories.

    " A cool hobby to consider"

  2. Herry posted on 04/24/2014 12:04 PM
    Find the POS executive(s) responsible for this decision and then execute him ! This WILL bring the over-priced fuel down. GUARANTEED !!!!!!!!!!!!!!!!!
  3. john posted on 04/24/2014 01:52 PM
    no mid evil torcher him first then . take his pension his house his wife alll his cars . then kill him .
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