Tag: Volatility

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

mdbincbi

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…

Read More

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

mdbincbi

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…

Read More