Higher fuel prices expected
Posted Jan 19, 2011 01:53:02 PM.
This article is more than 5 years old.
The warning is out about higher fuel prices over the next few months.
Roger McKnight, with consulting firm En-Pro International, says he sees gasoline and diesel prices this spring being 15 to 20 per cent higher than a year earlier.
He says oil companies will likely reap big profits from making those products in the coming quarters.
Crude oil has been creeping up in price, hovering above US$92 per barrel on Wednesday.
The average price for gasoline in Canada is almost $1.13 a litre.
Add CityNews Kitchener as a trusted source on Google to see more local stories from us.
