Tag: Petroleum

Gas Prices Next Year Could Be Highest Since 2014, Analyst Forecasts | CTV News

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Next year could see the highest gas prices in Canada since 2014 because of carbon taxes, according to an analyst. Current low prices, caused by a glut in supply in recent months are set to rebound sharply in 2019, Dan McTeague, senior petroleum analyst at Gasbuddy.com, told CTV News Channel. But we still have a week or two before things get really “strange”, McTeague said from Oakville, Ont. “You’re going to see 2019, because of carbon taxes, be much more expensive than even 2018, which puts us at the highest…

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Gasoline Prices In Most Of Canada Set To Experience ‘Extreme Volatility’ | CTV News

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CALGARY — Plunging world oil prices have delivered a Christmas miracle of lower gasoline prices across most of Canada but a fuel price expert says motorists should fill up now because prices are expected to be volatile in 2019. Dan McTeague, a senior petroleum analyst at GasBuddy.com, says gasoline prices are at near-18-month lows because of global oil prices that have tumbled over the past two months on worries of an economic downturn, a U.S.-China trading tiff and concerns that members of the OPEC oil cartel won’t live up to…

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Gasoline Analyst Questions N.S.’s Regulated System After Price Swings – Nova Scotia – CBC News

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Nova Scotians have had gas prices spike three times in the last two weeks, with the Utility and Review Board invoking the interrupter clause on Sept. 2 to raise the price. (The Associated Press) A petroleum analyst is questioning Nova Scotia’s practice of setting weekly gas prices after large recent swings in the cost of filling up. Dan McTeague with gasbuddy.com said the price of gasoline on global markets has been steadily going down since Hurricane Harvey caused it to spike, and dropped “dramatically so as early as late last week.” He’s criticizing the Nova…

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