Gasoline prices drop as recession fears rise, refiner margins narrow – Agassiz Harrison Observer
Prices elsewhere in Canada should catch up soon to Ontario’s 12-cent drop: analyst
Stay updated with breaking news from Commodity Context. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Prices elsewhere in Canada should catch up soon to Ontario’s 12-cent drop: analyst
Gasoline prices dropped about 12 cents a litre overnight in Ontario and are down across much of Canada after a big dip in the price of crude oil this week that analysts say could be linked to recession fears.
Prices elsewhere in Canada should catch up soon to Ontario’s 12-cent drop: analyst
Investment bank Citigroup is predicting oil prices to tumble into the sixties by the end of the year in case the world slips into a recession.
If U.S. President Joe Biden is successful in his bid to pause gas taxes in the U.S., Canada will be the only G7 country not to bring in a tax cut or a subsidy to help people at the pump. But some experts say a gas tax holiday is not the answer.