Oil and gasoline price update

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At last word the price of oil was struggling to stay above 75 dollars U.S., and was down about 70 cents a barrel in early morning trading.

Traders point to signs the demand for fuel in the United States is weakening.  According to GasBuddy.com, in the past week, the average price of regular gasoline across Canada dipped to a dollar 1.7 cents a litre.

The new monitor of Calgary-based MJ Ervin and Associates, released yesterday, put the weekly drop at 2.7 cents a liter and the national average, at a dollar 1.6 cents.

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Early this morning however, there was no change in the common posted price of a regular liter in Fort St. John, which was still a 109.9 cents.

BCGasPrices.com says that’s still slightly less than the provincial average, which it had pegged early this morning at a 111.6 cents a litre.

It had the high end price of a 120.5 cents, at a Shell station in West Vancouver.

 

 

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