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 ?
The price of gas is related to the price of oil, but there are many factors.
Where I live, the price of gas is currently just under $1 (Can) per litre at the pumps. Of this, about 36 - 37 cents is tax.
Also, the cost of transportation, refining, etc are pretty consistent, regardless of the cost of oil.