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- The drop in prices owes in part to sluggish demand for gas as the busy summer traveling season has given way to an autumn slowdown, experts said. Meanwhile, they added, a sharp decline in the price of crude oil has propelled an even larger drop-off in gas prices than typically seen at this time of year.
abcnews.go.com/Business/gas-prices-plummeting-experts-explain/story?id=113751441
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- Refinery Shutdowns
- 'The Market Is So Tight'
- Gas Tax Relief Set to Expire
The Phillips 66 refinery in Ferndale, Wash., was shut down for maintenance earlier this month, taking about 65,000 barrels a day worth of gasoline offline. "B.C and Vancouver import every last barrel of gasoline and diesel from [that] region of the United States," said Vijay Muralidharan, an energy analyst with R Cube Economic Consulting Inc. "When...
Prices in oil-rich Alberta are always lower than they are in the rest of the country, but pump prices in the province's two biggest cities jumped from below $1.50 a litre on Thursday to more than $1.60 on Friday. Prices in Alberta are up by about 10 per cent in the past week versus about 20 per cent in B.C. Thunder Bay's jump is directly impacted b...
When prices spiked earlier this year, many provinces moved to offer consumers some relief at the pumps by cutting gasoline taxes temporarily. Those cuts are slated to end soon, which will be another factor pushing up prices. Alberta's fuel tax is normally 13 cents per litre but the province slashed that figure to zero during the crunch earlier this...
Sep 13, 2024 · U.S. gasoline prices are set to extend their long summer decline into the autumn months, giving consumers a big boost into the presidential election cycle, as global crude markets wither amid a...
- Martin Baccardax
Jul 14, 2022 · WHY HAVE GASOLINE PRICES FALLEN? U.S. gasoline prices have followed a drop in the futures market for both crude oil and gasoline. Those markets are down because investors are worried...
Nov 22, 2023 · Gasoline prices are falling, but many may not realize that they almost always decline in the fall. In today's article, I explain the factors behind this seasonal decline.
Aug 7, 2024 · Average gas prices are down nearly 40 cents over the past 12 months. Here's why gas prices are falling, plus predictions for the end of 2024. Crude oil prices are on the downswing, and that's making it cheaper to fuel up at gas stations.
May 24, 2022 · Canadians are facing record-high gas prices, which is making driving more unaffordable and feeding into the climbing cost of everyday goods and services.
