Saturday, September 13, 2008

Gas Prices Jump By Up To 13 Cents Per Litre In Some Markets

From CBC News:

Motorists in many cities in Canada received a sharp surprise early Friday when they discovered the price of gasoline had risen by as much as 13 cents per litre.

Liberal MP Dan McTeague, a critic of the oil industry, said he cannot recall a time when gasoline prices rose by so much in such a short period of time.

McTeague said "there is no justification" for Friday's increase. He said the four main Canadian oil companies are taking advantage of motorists.

The price on Friday for regular gasoline across most of southern Ontario, for example, is about $1.36 per litre. In Ottawa, the price is about $1.32 per litre.

In Winnipeg, pump prices jumped to as much as $1.47 per litre at some stations Friday morning, up from $1.35 the previous day.

In Calgary, motorists reported gas prices varying from a low of $1.19 to a high of $1.42.

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