I remember when I was a little boy, my parents would drive by the nearest gas station and find the price at $0.49 a litre for regular. Now that we’ve all grown up, go for a drive and fill up the tank. How much is it now?
Throughout the last ten years, gas prices has been slowly climbing up the ladder. In Montreal, there was a night when their gas prices was $1.53 a litre. Throughout Canada, gas price ranges from $1.17 to $1.40. Roger McKnight, senior petroleum adviser with Oshawa-based energy consultants said, “There is absolutely no reason for this price increase at this time, especially for gasoline.
In our everyday society, technology has made some huge advancements so gasoline is somewhat on our “needs” list. Such as riding the bus to school, driving to work, heating up the house, etc. I think the oil companies have a very “powerful hand.” Even if they increase the price of their products, consumers still need to buy it. The demand may go down a little, but the oil companies still make a lot in profit.
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