It appears there’s some truth to that hunch you had the last time you were filling up, according to petroleum industry experts.
Gas prices have marched higher across Canada this summer even as oil prices have hit multi-year lows, causing a jarring disconnect between crude and gasoline, two commodities that typically move up and down in price in general unison. At least historically.
Prices at the pump are reflecting to some degree the precipitous drop in oil, with the average cost of a litre down 13 per cent compared to last August. But much of the windfall in extra cash economists said would benefit consumers this year is being reclaimed by fuel expenses.
Jamie Sturgeon – Globalnews.ca – AUGUST 21, 2015.
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