Originally Posted by
Jiatong
So in 2017, many say gas will be closer to $30 vs $50.
What will that translate to CA gas prices ?, & also if $30 a barrel , the CAD $ exchange rate ?
Probably 5% lower than they are right now, but not a lot of difference. Prices are inconsistent by province and region as a result of many factors, so always hard to say how prices are affected in any given area. I've noticed in the recent cycles here in Ottawa that prices tend to be around 1.00-1.10/liter when oil is $45-50 and closer to $0.90-1.00/liter when $35-40.
Gasoline prices are not completely correlated to the price of crude of course.