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Canadians Warned Of Higher Gas Prices and Hydro Bills

Thursday, 15 November 2012 10:26

Canadians are being warned it will cost more to fill up their vehicles and heat their homes this winter. The National Energy Board says the demand for all energy sources is expected to be greater than the supply in the next few months. The N-E-B predicts the average price of regular gasoline this winter will be between $1.20 and $1.40. Currently, the national average is $1.21. The board also points out natural gas prices sank to a 10-year low last spring, in part because last winter was unusually mild in many parts of North America. However, it says supply and demand came into balance by the middle of this year, resulting in higher prices for natural gas. The board also says heating oil prices are expected to rise because refinery outages in the U-S have trimmed inventories.

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