I wonder how that will play in other places? Will that be the excuse they need to jack the pump rices up?
This reason was being used last week in Tulsa for a 20 cent jump in the price.
Count yourself lucky. Our gas prices went up to $1.20CDN+/-/litre early last week. That is equivalent to $3.50 USD/US gallon.
In one way, I’m glad that Keystone has not gone through. We (Canadians) should not be shipping bitumen or crude oil to be processed abroad. We should be refining it and shipping finished products to other countries. Unfortunately, we remain a country of ‘hewers of wood and drawers of water’, rather than producing finished goods! It is no wonder our economy is so subject to the vagaries of the world economy.
If they do, it won’t last long. Supply and demand work if the government stays out of the way. Just waiting for the politicians to show up and start attacking “big oil”. The government makes more on a gallon of gas than the oil companies do.