I will have to make this quickly since I will be leaving early for work. Anyway, I am hoping that gas prices have been reduced just a bit since for the last few days I had worked we were sitting pretty high at $1.29/liter. But I checked for prices last night while I was riding and recently we went down to $1.22/liter. I wonder what would cause the price to go down like that? I don’t know but with so much talk about the Trans Mountain Pipeline and the ordeal with OPEC I suspect that gas prices will either increase along with the oil price or the prices will decrease.
Now with the OPEC ordeal these nations will continue to produce oil even though the price isn’t set at a marketable price right now. Nonetheless oil will keep coming out while the petroleum companies will continue to manipulate the figures so these OPEC nations can continue to take a loss on the oil they produce. Now with the Trans Mountain, it looks like the project will be built and it is somewhat of a win situation for the Canadian economy while at the same time I wonder if the Trudeau government will have enough money to maintain the pipeline if it gets to that point that it will need repairs or maintenance because like anything that gets built, things do breakdown due to age and continued usage.
#Petroleum Industry, #Gas Prices, #Politics