Wednesday, April 04, 2012

Oil Industry in Canada makes sure to gouge before Easter weekend

Canadians woke up to spiking gasoline costs this morning, with prices reaching 140.1 cents a litre in Toronto and 147.9 in Montreal.

That's about eight per cent higher than a year ago, even though crude oil prices are lower.

Crude for May delivery fell $1.05 to $102.95 US a barrel Wednesday morning on the New York Mercantile Exchange. A year ago, crude was trading at $104 a barrel.

Read more here.

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