Monday, December 27, 2010

The Price of Gas During the Holidays


Oil is something everyone needs in this world. We need it for powering cars and powering planes. The price of oil is staggering sometimes here in Canada where it can reach over $1.10 a liter. That number can sometimes increase over the holidays where gas stations expect suckers to fill up over the holidays.

Currently oil is at a two year high. Currently the US looks worried at what would happen if oil reaches over $100 US a barrel. Currently it's at $91 US a barrel so we're getting close. Our Arab partners aren't making more oil to make the price go down because they think that increased demand will make people not want oil anymore and will drive down demand and oil prices. Well I may not be in America, but we Canadians don't like high gas prices a lot especially when a our neighbors get more for their buck.

Canadians already get high gas prices, but it gets worse during the holidays. The price could sometimes ever reach $1.20 a liter for gas. They just want to grasp the people who will probably be going to visit friends or going across the border shopping. So far people are trying to not fill up. They are trying to avoid a fill up or go across the border to do so. In Seattle, Washington the price is $0.84 a liter. In Chicago it can get to $0.82 a liter. In Boston it's $0.80 a liter. This may be so, but the rising price of crude oil is not the problem here.

Well so may be it, our local gas stations are wanting more for their oil. Hoping to snatch more profits over the holidays they increase the price.

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