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5 Reasons Why Gas Prices Are Set To Go Up In Canada — And Fast | CBC News

April 21, 2018 mdbincbi

The price of filling up a tank of gas is a classic Canadian irritation. But a confluence of factors may soon make that process even more gobsmacking than usual. Here’s a look at five reasons gas prices are soaring. A big one is that gas prices always rise around this time of year. “Usually we see a gasoline demand spike in the second week of June,” GasBuddy.com’s senior petroleum analyst Dan McTeague says. While few people put any thought to it on a fill-up, the chemical composition of gasoline is different in summer…

Canadian Oil Selling At A Deep Discount – And It Hurts – Business – CBC News

January 20, 2018 mdbincbi

North American oil prices are marching toward $65 US a barrel this month, giving the industry a boost after the market collapsed three years ago. The oil sector hasn’t seen these prices since late 2014, but most companies in Alberta are receiving significantly less, just above $40 US a barrel. The Alberta oilpatch continues to increase oil production, but as pipelines fill up, companies are receiving less money for their oil compared to the rest of the continent. While there is always a gap between the North American benchmark, West Texas Intermediate (WTI),…