Thursday 23 May 2013

Gas Prices Soar

Gas prices went up again over night to 135.9 this is the second increase in a week which saw prices go up about 16 cents. The recent increase is said to be caused by a fuel shortage in the American Mid-West but many analyst say the shortage is manufactured by the oil companies to drive the price up. The slumping Canadian dolloar can also be blamed any time the lonnie sinks in the market we see and increase at the pumps.

The current price of gas is 14 cents a liter more than it was this date last year. There is some light at the end of the tunnel with prices predicted to fall in the next week or two.

The summer holiday season is right around the corner and many families may be reconsidering their holiday plans if the prices continue to remain high.

Sources: Check Back Soon

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