Tuesday, May 10, 2011

Gas prices out of control

Did you know Canada.. after experiencing a hike is gas prices of 6 cents last night I just read we can expect another 1.5 cent increase tonight in Southwestern Ontario! Unbelievable! In our area the current price of gas is $1.38 - I believe this is an all time high AND will increase again tonight.

The average for all of Ontario today is 137.128, 136.779 in Quebec and "only" 121.080 in Alberta where the increases have not hit yet.

After googling and reading through many news articles I discovered the price per barrel of oil has actually gone DOWN and this increase is due to "marketplace speculation is to blame for the price jump at the pump" - which sums up to being a cash grab.

What are you paying at the pump today??

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