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GasBuddy News Article


Are you set for $1.50 a litre?
Thursday, May 22, 2008
The Globe And Mail -- The chances that the price of gasoline will hit the $1.40 to $1.50 a litre range this summer have increased now that crude oil has surged past $133 (U.S.) a barrel, analysts say.

The price at the pump averaged around $1.27 (Canadian) a litre across Canada this week, but the combination of a usual summer spike and high crude prices will likely cause a further jump of at least 10 to 15 cents a litre, said Cathy Hay, senior associate at MJ Ervin & Associates Inc., which tracks gas prices.

"What we haven't seen yet is that seasonal rise in gas prices related to supply and demand," she said.


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JT
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Message Posted: 5/22/2008 10:48:10 AM  Ignore JT Report Abuse
Thursday, May 22, 2008
The Globe And Mail -- The chances that the price of gasoline will hit the $1.40 to $1.50 a litre range this summer have increased now that crude oil has surged past $133 (U.S.) a barrel, analysts say.

The price at the pump averaged around $1.27 (Canadian) a litre across Canada this week, but the combination of a usual summer spike and high crude prices will likely cause a further jump of at least 10 to 15 cents a litre, said Cathy Hay, senior associate at MJ Ervin & Associates Inc., which tracks gas prices.

"What we haven't seen yet is that seasonal rise in gas prices related to supply and demand," she said.

Visit The Globe And Mail for full article
REPLIES (newest first)
magnumCA
All-Star Author
Los Angeles

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Message Posted: 5/23/2008 4:55:57 PM  Ignore magnumCA Report Abuse
up up and away
kanmandoo
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Detroit

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Message Posted: 5/23/2008 2:17:06 PM  Ignore kanmandoo Report Abuse
Try 1.60 / 1.75.
eddmac
Champion Author
Washington

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Message Posted: 5/23/2008 1:03:50 PM  Ignore eddmac Report Abuse
Are you set? It should read "What ya gonna do about it bucko"
ramshot412
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Riverside

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Message Posted: 5/23/2008 11:28:23 AM  Ignore ramshot412 Report Abuse
GREED!! They got it in Canada, too, eh?
frede2
Champion Author
Texas

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Message Posted: 5/23/2008 10:47:25 AM  Ignore frede2 Report Abuse
greed just gets more and more daily
kmgaslooker
Rookie Author
Long Island

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Message Posted: 5/23/2008 10:43:49 AM  Ignore kmgaslooker Report Abuse
I need to get a Vespa
EarlyMoose
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Seattle

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Message Posted: 5/23/2008 10:41:32 AM  Ignore EarlyMoose Report Abuse
Hey gasforus,

You may buy gas in gallons, but your vote still doesn't count. Thanks DNC!
NissanGirl
Sophomore Author
Oregon

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Message Posted: 5/23/2008 10:40:50 AM  Ignore NissanGirl Report Abuse
I'm not going anywhere for the holiday.
EarlyMoose
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Seattle

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Message Posted: 5/23/2008 10:40:22 AM  Ignore EarlyMoose Report Abuse
They have the oil sands too! Somebody's making money.
rustyOR
Veteran Author
Oregon

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Message Posted: 5/23/2008 10:39:57 AM  Ignore rustyOR Report Abuse
We feel your pain
white_fang
Rookie Author
Dallas

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Message Posted: 5/23/2008 10:39:24 AM  Ignore white_fang Report Abuse
10 - 15 cents more per litre? you'd better expect more.. like 15 - 70 cents more per liter... the gas prices are on a skyrocket path
KO292
Champion Author
Twin Cities

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Message Posted: 5/23/2008 10:34:39 AM  Ignore KO292 Report Abuse
oh canada!!!
w4kh
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Riverside

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Message Posted: 5/23/2008 10:34:08 AM  Ignore w4kh Report Abuse
at $1.50 for a litre, that's close to CDN$6.00, which, because the US Dollar is in the toilet because of the reckless atittudes of our White House Idiot and his Oil Pal and puppeteer, DIckieBoy, is equivalent to almost US$7.50...

And Canada has vast oil reserves they are pumping, so get this straight: MORE DRILLING WILL *NOT* BRING PRICES DOWN... if fuel costs are bugging you, go to alternative fuel sources (NOT the ones Big Oil is touting!) but electric cars with solar chargers, or compressed air engines... and biomass fuels
CatbirdWoman
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Ohio

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Message Posted: 5/23/2008 10:32:27 AM  Ignore CatbirdWoman Report Abuse
I do. I mean, true, I don't live in Canada, but I'm still not heartless!
RAD3
Champion Author
Toronto

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Message Posted: 5/23/2008 10:32:21 AM  Ignore RAD3 Report Abuse
Premium gas prices are already at $1.40. Ouch!
gasman50
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Portland

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Message Posted: 5/23/2008 10:30:58 AM  Ignore gasman50 Report Abuse
Ugly
fairchildd
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Kansas City

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Message Posted: 5/23/2008 10:29:39 AM  Ignore fairchildd Report Abuse
wonder at what point driving will become an option instead of a necessity?
Don20
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Oklahoma City

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Message Posted: 5/23/2008 10:29:30 AM  Ignore Don20 Report Abuse
Soon to follow is a COST of Living increase for everyone, to off set the cost of gas in order to get to work.. (watch the whine from Washington then. Also min wage will have to increase..

[Edited by: Don20 at 5/23/2008 10:31:45 AM EST]
FuelGrinch
Sophomore Author
Kansas

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Message Posted: 5/23/2008 10:29:22 AM  Ignore FuelGrinch Report Abuse
Consider this...Bottled water runs about $7.00 a gal. Gas don't look so bad compared to this.
funandtrvl
Champion Author
Illinois

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Message Posted: 5/23/2008 10:28:13 AM  Ignore funandtrvl Report Abuse
I feel sorry for them, but I think their gas taxes are higher than in US.
tomok
Champion Author
Portland

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Message Posted: 5/23/2008 10:27:14 AM  Ignore tomok Report Abuse
thats way too high for fuel.....
laddyboy62
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Riverside

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Message Posted: 5/23/2008 10:25:03 AM  Ignore laddyboy62 Report Abuse
sorry canada...got our own problems
ledoy
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Dayton

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Message Posted: 5/23/2008 10:24:32 AM  Ignore ledoy Report Abuse
old news
_angel35_
Sophomore Author
Michigan

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Message Posted: 5/23/2008 10:22:08 AM  Ignore _angel35_ Report Abuse
the US is also feeling the pain...believe me
MASHBY
Rookie Author
South Carolina

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Message Posted: 5/23/2008 10:21:08 AM  Ignore MASHBY Report Abuse
we don't have a choice anymore
MightyDude
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Minnesota

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Message Posted: 5/23/2008 10:20:48 AM  Ignore MightyDude Report Abuse
no
Masercal
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Michigan

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Message Posted: 5/23/2008 10:20:35 AM  Ignore Masercal Report Abuse
Canada will go under just as fast as the U.S. unless this madness is stopped soon.
blazerbob91
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Milwaukee

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Message Posted: 5/23/2008 10:19:03 AM  Ignore blazerbob91 Report Abuse
Demand will take a drop this weekend. Not many people going far.
greywolves
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Las Vegas

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Message Posted: 5/23/2008 10:16:42 AM  Ignore greywolves Report Abuse
suckers
CyanSquirrel
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Virginia

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Message Posted: 5/23/2008 10:14:03 AM  Ignore CyanSquirrel Report Abuse
I'm just chompin' at the bit!
praises7
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Twin Cities

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Message Posted: 5/23/2008 10:12:16 AM  Ignore praises7 Report Abuse
Same old!
SpruceGuse2
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Michigan

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Message Posted: 5/23/2008 10:11:27 AM  Ignore SpruceGuse2 Report Abuse
And the drama continues.....
RdHogg
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Houston

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Message Posted: 5/23/2008 10:08:03 AM  Ignore RdHogg Report Abuse
who cares
Gas_Buzzer
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South Carolina

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Message Posted: 5/23/2008 10:05:09 AM  Ignore Gas_Buzzer Report Abuse
We purchase in gallons here you Canucks.
NavyEOD
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Los Angeles

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Message Posted: 5/23/2008 9:52:51 AM  Ignore NavyEOD Report Abuse
Do we have a choice?
RandyK9
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London

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Message Posted: 5/23/2008 9:51:54 AM  Ignore RandyK9 Report Abuse
No but it will come!!
bicycler
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Ontario

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Message Posted: 5/23/2008 9:51:00 AM  Ignore bicycler Report Abuse
Sometimes I think that if the so called pundits would shut up, which only causes panic, things would settle back to somewhere near supply and demand.

However it looks like the socalled pundets` need to see their name in print overrides their common sense. So they get their name quoted and the consumer is hurt again as the ego ef those experts revel in their prophecies are read.
tobasco
Champion Author
Los Angeles

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Message Posted: 5/23/2008 9:49:33 AM  Ignore tobasco Report Abuse
Thats $5.80/gal.....Oh Canada!
mmene
Sophomore Author
Houston

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Message Posted: 5/23/2008 9:46:59 AM  Ignore mmene Report Abuse
Anyone kow what $1.50/litre is in USD/gallon?
Rageagainsttm
Champion Author
Tampa

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Message Posted: 5/23/2008 9:46:39 AM  Ignore Rageagainsttm Report Abuse
y u gotta pick on people polelane
POLELANE
Champion Author
Ohio

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Message Posted: 5/23/2008 9:45:09 AM  Ignore POLELANE Report Abuse
which is larger; a liter or a litre?
oncotime
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Milwaukee

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Message Posted: 5/23/2008 9:43:53 AM  Ignore oncotime Report Abuse
How about $2.00/litre
Fencemaker
All-Star Author
Pittsburgh

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Message Posted: 5/23/2008 9:42:49 AM  Ignore Fencemaker Report Abuse
okietree - as long as you continue to purchase gasoline, you ARE contributing to that cause.
Bity
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Wichita

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Message Posted: 5/23/2008 9:41:26 AM  Ignore Bity Report Abuse
I agree with canescommuter . . . my car burns my money as fast as I can make it!
spunky4443
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Washington

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Message Posted: 5/23/2008 9:41:25 AM  Ignore spunky4443 Report Abuse
The Dog Doo-Doo just keeps getting deeper.
Sealer
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Charleston

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Message Posted: 5/23/2008 9:41:11 AM  Ignore Sealer Report Abuse
I don't buy the litre and I don't live in a socialist country, so my gasoline taxes aren't as high.
okietree
Veteran Author
Oklahoma City

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Message Posted: 5/23/2008 9:37:34 AM  Ignore okietree Report Abuse
Yes.. we are getting shafted by the high oil prices, but yet we continue to help all these countries and be everyones' big brother, but the Middle East can't be considerate. They need their millions so they can build the snowslide and ski palace in the middle of the desert!!!! Let's all continue to donate to THAT cause!
rod1965
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Portland

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Message Posted: 5/23/2008 9:34:58 AM  Ignore rod1965 Report Abuse
I'm sorry, but can someone translate this from litres to gallons.
woos777
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Washington

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Message Posted: 5/23/2008 9:30:16 AM  Ignore woos777 Report Abuse
Wouldn't it be nice if a cheap fix was found and all of those big oil countries had to get food aid from America.
C5vette2004
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Little Rock

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Message Posted: 5/23/2008 9:30:12 AM  Ignore C5vette2004 Report Abuse
No because my car doesn't take litres... :))
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