Dec 02, 2014
By Andy Johnson
The falling price of crude oil will probably be good news for consumers for a couple of more years. Gas price guru Dan McTeague made that prediction this morning in conversation with Dale Gold Hawk on AM 740. McTeague, who operates tomorrow’sgaspricestoday.com, says there are a number of factors at work. There are new discoveries of oil coming to market, OPEC continues to pump oil and over supply the market and speculators, who helped push oil up to $147.00 dollars barrel five years ago, have left the game. Gas at most GTA stations is selling for $1.10.9 a litre. A year ago, the price was $1.28.8 cents a litre.
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