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Oil Free-fall a Plus for Drivers, but it has a Downside

Posted December 05, 2014

Under Economic Issues, International Trade Issues

(CBC News)

The price of oil is down, and filling up the car at the gas station has suddenly become a cheaper and more pleasant experience. At current prices, right now sitting at a seven-year low, we could expect to save on average more than $60 a month, which consumers will happily spend.

And prices will surely fall even more. So what’s not to like?

Indeed, most Canadians are smiling from ear to ear at the recent fall in prices.  But celebrating may be premature.  Anything this good must have a downside.  And it does. Read more here.