56
submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

Gas prices are expected to reach an annual high this summer across Canada and into fall, with more than one factor causing the increase, experts say.

you are viewing a single comment's thread
view the rest of the comments
[-] Efwis@lemmy.zip 32 points 1 year ago

I remember seeing an article stating that the oil companies here in the US won’t lower prices because they fear losing investors. That is their reasoning for the high prices.

What is sad is the cost per barrel is the same as it was back in the 80’s and 90’s where we were paying $1.89 per gallon.

Talk about fleecing the consumer. The only people surviving at these prices are the producers and investors.

this post was submitted on 17 Aug 2023
56 points (93.8% liked)

Canada

7226 readers
511 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


💵 Finance / Shopping


🗣️ Politics


🍁 Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 4 years ago
MODERATORS