Got Gas

Wayne

Well-Known Member
Read this on VOCM:

"A gas price watcher expects prices to rise in Newfoundland and Labrador not only tomorrow but for the foreseeable future.

Dan McTeague of Canadians for Affordable Energy predicts that gas, diesel and home heating fuel will all cost more tomorrow—about 1.1 cents.

Simply put, demand is outstripping supply. While OPEC has increased its output, the United States is still falling short of about a million barrels of oil a day.

McTeague can see us paying $1.80 per litre over the next few months not just because of market forces but also federal taxation and climate change measures.

He says the federal government will add 2 1/2 cents April 1, we switch to summer blend April 15 which is always more expensive, then Ottawa will add another 4 1/2 cents around December."
 
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