Friday, June 5, 2009

Gas Prices to Rise

2009-06-05

12:46:47

Watch for another rise in the price of gasoline soon.

After jumping almost $2.70 yesterday, the price of oil is up 15-cents this morning.

Oil is trading at just under 69 dollars U-S a barrel.

GasBuddy.com says the average price of regular gasoline across Canada is a $1.02 a litre -- up 1.7 cents in the past week.

In the Rainy River district, a litre of gas was selling at the pumps for about a dollar.

South of the border, the average price of regular is $2.57 US per American gallon which converts to about 74 cents a litre in Canadian money.