Originally Posted by
Jiatong
Why is Toronto gas at 1.00 L ?. Oil in mid 30's per barrel. Is it holiday uptick, Liberal tax plan, or just cheater stations.
The oil price is in US dollars - it's not down in C$. As for pricing, there are not many competitors in the Canadian market and it's been established that there was sufficient demand at $1.30 per litre, so $1 is a deal. Of course taxes are higher in Canada for reasons that are well known.