Friday, June 10, 2011

Gas Price Caps Promised

Ontario New Democrats are promising to regulate gas prices if elected this fall so that drivers know what they will be paying from week to week.

NDP Leader Andrea Horwath says she would set a weekly price cap on gasoline - a move she says should make gas cheaper on an annualized basis.

While consumers may not see the difference on a daily basis, Horwath says her plan will mean drivers won't wake up to huge price spikes if something happens overnight to drive up oil prices.