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Gas prices to rise, but probably by less than in the U.S.

CBC -- When Canadians head out on road trips this spring and summer, they can expect gas prices to take a bigger bite out of their wallets. But energy experts on this side of the border are divided over whether these hikes will be as high as U.S. motorists are bracing for.

Media reports Monday out of the U.S. were suggesting gas prices could rise in some areas this spring by up to 60 cents per gallon (roughly equal to 15 cents per litre). But Calgary-based petroleum industry analyst Michael Ervin sees nothing to suggest hikes of that magnitude in Canada.

Instead, he's predicting "modest" increases of about five to 10 cents per litre — "much much less than what we had become accustomed to seeing prior to the slump in the North American and global economy.

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Submitted Feb 07, 2012 By: chopper44

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molebaby96 All-Star Author Tallahassee Posts:724 Points:164,250 Joined:Nov 2011	Message Posted: Feb 7, 2012 6:33:50 AM Ignore molebaby96 Report Abuse Its a shame, but I just have to pay whatever.
md11capt Champion Author Denver Posts:1,773 Points:385,010 Joined:Mar 2011	Message Posted: Feb 7, 2012 6:33:25 AM Ignore md11capt Report Abuse "Canada is luck to not have democrats, Obama, & a political EPA to drive gas prices up." Tho$e Ba$$ard$!!!
TripleHs Champion Author Austin Posts:1,822 Points:594,430 Joined:Oct 2009	Message Posted: Feb 7, 2012 6:17:36 AM Ignore TripleHs Report Abuse what a volatile world
Nicoalbum Champion Author Ottawa Posts:4,102 Points:825,845 Joined:Jan 2010	Message Posted: Feb 7, 2012 5:52:05 AM Ignore Nicoalbum Report Abuse We are paying a lot more already.
uglytom Champion Author Florida Posts:6,190 Points:1,289,790 Joined:Jul 2007	Message Posted: Feb 7, 2012 5:23:33 AM Ignore uglytom Report Abuse Anybody's GUESS!
peakkeller All-Star Author Colorado Springs Posts:958 Points:526,260 Joined:Dec 2009	Message Posted: Feb 7, 2012 5:21:08 AM Ignore peakkeller Report Abuse We'll have to wait and see. Lots of fun making up predictions at this point. Kind of like predicting the weather for next summer.
bills299 Champion Author Atlanta Posts:1,542 Points:541,975 Joined:May 2005	Message Posted: Feb 7, 2012 5:18:57 AM Ignore bills299 Report Abuse gas prices should go by supply and demand, but since they don't we all have to pay higher prices at the pump!!
kujiyukiyumi Veteran Author Indiana Posts:335 Points:133,115 Joined:Nov 2011	Message Posted: Feb 7, 2012 4:53:31 AM Ignore kujiyukiyumi Report Abuse well, I DO get it!
SkyWarnTX All-Star Author Texas Posts:945 Points:56,845 Joined:Jan 2012	Message Posted: Feb 7, 2012 4:51:20 AM Ignore SkyWarnTX Report Abuse It is ILLEGAL for OIL COMPANIES to ORGANIZE on GAS PRICES... but they do...Who else can turn a GLUT of REFINED GASOLINE into HIGHER PRICES... The U.S. is CURRENTLY EXPORTING a GLUT of REFINED GASOLINE... If the KEYSTONE goes through, LOBBYING, or other BACKROOM tactics... DEMOCRATS in CONGRESS has introduced a BILL that will keep BIG OIL from EPORTING any KEYSTONE Products outside NORTH AMERICA... That would drive BIG OIL crazy... .
carnifolks Veteran Author New Jersey Posts:354 Points:352,385 Joined:Sep 2006	Message Posted: Feb 7, 2012 4:37:03 AM Ignore carnifolks Report Abuse i don't get it
jrs4125 All-Star Author Indiana Posts:906 Points:227,645 Joined:Sep 2011	Message Posted: Feb 7, 2012 4:35:00 AM Ignore jrs4125 Report Abuse No surprise here.
OHMS Champion Author Orange County Posts:11,266 Points:1,335,275 Joined:May 2005	Message Posted: Feb 7, 2012 4:19:56 AM Ignore OHMS Report Abuse t GasBuddy.com, a website that gives consumers in Canada and the U.S. the chance to find the lowest reported gas prices in their communities, co-founder Jason Toews is expecting somewhat higher hikes in Canada later this year.
Buckeyee Champion Author Maine Posts:2,412 Points:554,855 Joined:May 2010	Message Posted: Feb 7, 2012 4:15:26 AM Ignore Buckeyee Report Abuse Canada is luck to not have democrats, Obama, & a political EPA to drive gas prices up.