Friday, June 8, 2012

World Oil Price Tumbles Ahead Of Fall In South Shore Gasoline Prices


Gloomy signs about the sputtering American economy are credited for sending the price of oil down by $2.50 this morning.  Oil is trading at $82.32 U-S a barrel -- down 22 per cent since the start of last month. That's putting downward pressure on the dollar, which dropped six-10ths of-a-cent this morning. The loonie is trading at 96.67 cents U-S.
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In our area, gasoline prices took a tumble overnight. A litre of regular self serve is selling this morning at South Shore pumps for a dollar-25-point-9 ($1.25.9).  Thats just over a 3 cent a litre drop from yesterday.