Fuel costs proceed rising regardless of dip in crude oil value – Nationwide

On Wednesday, the value of benchmark West Texas Intermediate closed at US$110.36, down practically 11 per cent from the day before today’s buying and selling. It marked the primary vital pullback because the warfare in Ukraine began and despatched oil costs hovering.

GasBuddy.com analyst Patrick de Haan says decrease crude costs are excellent news for drivers, however will solely serve to gradual the speed of improve on the pumps.

He says retailers haven’t absolutely handed current price will increase on to shoppers but, so oil costs are going to maintain rising for some time but.

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Rising fuel costs result in elevated journey prices in Edmonton

Pure Assets Canada knowledge reveals the day by day nationwide common retail value for gasoline Wednesday was $1.87 per litre. In elements of B.C., together with Vancouver, costs have topped $2 per litre this week.

Gasoline value forecasting website GasWizard.ca predicts Montreal and Quebec Metropolis will break the $2 per litre threshold right now, whereas many Ontario places may see fuel costs as excessive as $1.90 per litre.

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Fuel costs anticipated to drop by $.15 Friday morning