Gas seems to be a very popular topic in the news today. However today, instead of the usual spike in gas prices, us Canadians finally see a lower gas price. The gas prices across the country have lowered as much as five cents a litre, which although may not seem like alot compared to the thirteen cents increase previously, it is still very good news! The average price of gasoline in Canada is at about $1.31/L which is five cents lower then days previous to Thursday. Lucky enough for us Torontonians, gas should be hitting as low as $1.10/L and $1.09/L, which is the lowest across the country. Vancouver and other areas in BC are still suffering with prices as high as $1.40/L. The main reason for the large spike last week in Canadian gas prices was Hurricane Ike, which struck the US in areas that contain 50% of the oil refineries. However, hopefully soon enough gas prices should slowly start to decrease once again.
I think that gasoline prices is a very "hot" topic in Canadian society right now. It seems ridiculous that we are paying suck crazy prices just for gas, considering that the price for crude oil is at $100 a barrel. I think it especially outrageous that the decisions of what the price should be are being made by people who by on means should be making the decision. They have no real reasons for keeping the prices so high, even when the price for crude oil is relatively cheap. I also think that the gas being as high as it is, might have a positive factor. I think these high gas prices will encourage people into investing in Hybrid cars, which will save lots of money as well as saving our environment.
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