Tag: SUNCOR

Canadian Crude Oil Industry In Crisis As Prices Plunge To Record Low | CTV News

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The Canadian crude oil industry has declared a national emergency after prices plunged to record lows. The American benchmark price for oil is now well below $60 a barrel, having dropped $20 in the last six weeks. While that’s good news for prices at the pump, it’s causing misery for producers. The price of The price of Western Canadian Select closed just under $14 a barrel Thursday. The crisis has been blamed on a surplus of product and not enough pipeline to move it. Read full story here: Canadian Crude Oil…

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Gas Prices Spike And Canadians Keep Filling Up | CBC News

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Gas prices keep climbing across the country, yet Canadians show no sign of slowing down how much gas and diesel they pump into their cars and trucks. Pump prices have jumped almost 20 cents per litre across Canada over the last three months for regular gasoline and are expected to continue rising this summer. On Wednesday, a litre of gasoline was more than $1.60 at some stations in Vancouver. Gas prices hit record in Vancouver, highest in North America Suncor, the parent company of Petro-Canada, announced on Wednesday record volume sales at…

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