This week I have purchased gasoline for 93.4 per liter. When the world prices were at 72.15 US per barrel. These recent prices do not reflect the high world prices.
The reason for the lower prices are that the storage facilities for crude oil and refined gasoline and petroleum products are at near full capacity, and there are crude oil tankers at the ports that are full as well as other tankers steaming towards Canada with prviously purchased crude oil.
There are two things we can do to keep gasoline prices low. We can try our best to consume less gasoline and we can purchase only small amounts of gasoline when needed this will keep the gasoline in the refiners storage facilities causing them to bleed off supply at lower prices.
The over supply is much more accute in the Toronto area, it was reported in todays business section of the Gazette that the prices have plunged to .67 per liter in the GTA.
We can make a difference. With the prices recently shooting up to past 1.27 per liter in the Montreal area the public has realized that if nothing is done prices will go even higher.
The reason for the lower prices are that the storage facilities for crude oil and refined gasoline and petroleum products are at near full capacity, and there are crude oil tankers at the ports that are full as well as other tankers steaming towards Canada with prviously purchased crude oil.
There are two things we can do to keep gasoline prices low. We can try our best to consume less gasoline and we can purchase only small amounts of gasoline when needed this will keep the gasoline in the refiners storage facilities causing them to bleed off supply at lower prices.
The over supply is much more accute in the Toronto area, it was reported in todays business section of the Gazette that the prices have plunged to .67 per liter in the GTA.
We can make a difference. With the prices recently shooting up to past 1.27 per liter in the Montreal area the public has realized that if nothing is done prices will go even higher.
