Friday, September 12, 2008

The Great Canadian Gas Price Mystery

Are we missing something here?

September 12, 2008 
CNN: Oil drops below $100

NEW YORK (CNNMoney.com) -- Oil prices zig-zagged Friday, briefly dipping below $100 a barrel for the first time in 5 months, as the the fury of a massive hurricane blowing toward refineries on the Texas coast countered .concerns about a global economic slowdown.

U.S. crude for October delivery briefly traded at $99.99 a barrel on the floor of the New York Mercantile Exchange, the first time oil has fallen below the $100 a barrel mark in more than five months.

The last time oil traded below $100 during a session was April 2, when it hit $99.84.

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September 12, 2008  
Toronto Star - Gas prices jump by 12.9 cents
Motorists got a rude shock this morning when they pulled into gas stations to fill 'e up: a massive overnight hike sent the average price at GTA pumps to $1.36.6.
The increase – 12.9 cents a litre, and more outside the GTA – is one of the highest single-step price hikes in recent memory, blamed by oil refiners on supply uncertainties posed by Hurricane Ike as it rampages across the Gulf of Mexico.

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