Latest / Shane Hewitt and The Nightshift
NEW - Why Gas Prices Make No Sense Right Now (And When They Will)
Oil inventories are at historic lows. Demand is strong. The price keeps dropping. Dan McTeague says the futures market is being driven by headlines, not reality, and the pain at the pump is far from over.
Dan breaks down why a litre of diesel costs forty cents more in Ontario than Alberta, why the weak loonie adds roughly forty cents a litre regardless of where crude is trading, and why provincial tax relief is
largely being cancelled out by HST windfalls governments are quietly collecting on higher prices.
The deeper problem is supply. Dan puts the net loss at fifteen to sixteen million…
The skinny
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