Following Tuesday’s announcement of the coordinated release of strategic oil reserves, policymakers and investors are focusing on the indirect—or some would say the actual— target of such an action: consumer retail gasoline prices. Based on the relationship between retail gasoline costs and wholesale ... READ MORE >
gasoline prices
Inflation in Canada hits 4.7% amid soaring gas prices
October inflation in Canada climbed to 4.7%, the highest since February 2003 and up from 4.4% in September, primarily because of skyrocketing gasoline prices, according Consumer Price Index data released by Statistics Canada on Wednesday. Excluding food and energy, inflation stood at a more ... READ MORE >