Action Insight | Written by ActionForex.com | Nov 29 07 14:15 GMT | Forex Mid-Day Technical Report Dollar Regains Strength, Steady after GDP Revision Dollar regains strength against European majors today as correction continues. Q3 GDP growth was revised up to 4.9% annualized rate, fastest growth in four years and slightly above expectation of 4.8%. The growth rate was also much stronger than Q2’s 3.9%. However, the data did little to change the view of steep slowdown in Q4 due...

Average Canadian gasoline prices are less than a penny a litre away from their all-time highs, according to a weekly pump-price survey released Tuesday.

The national average cost of a litre of regular gas rose to $1.252 a litre, up 2.2 cents from last week, Calgary-based MJ Ervin & Associates said.

The record high in MJ Ervin’s weekly look at pump prices came in September 2005, in the aftermath of Hurricane Katrina. The average price then: $1.26 a litre.

The most recent survey which looks at prices at 400 stations across the country finds that a litre of regular is above $1.20 in all but two of the 60 cities surveyed. The cheapest gas was found in Kingston, Ont., at $1.146 and St. Catharines, Ont., at $1.199 a litre.

In Yellowknife and Labrador City, on the other hand, motorists are paying just over $1.41 a litre.

Gasbuddy.com a web site that tracks gas prices across North America said the average price in Canada was $1.263 on Tuesday.

During Tuesday’s question period, NDP Leader Jack Layton accused the government of doing nothing to control high gas prices.

“You cannot trust this government to respond to this crisis,” Layton told the House. But Prime Minsiter Stephen Harper dismissed the charge, saying that while other parties want higher gas taxes, his government has lowered the GST by two percentage points to return more money to Canadian households.

“It’s obviously absolutely correct to observe that the price of oil and gas is rising,” Harper said. “But you know, Mr. Speaker the best the opposition can come up with is higher gas taxes. That’s obviously not the right policy.”

U.S. gasoline prices are at a record $3.60 US per U.S. gallon. They’re already above $4 US in some areas.

World oil prices the biggest factor in the rising price of gas retreated from Monday’s record highs to about $115 US a barrel, down $3. But oil prices remain five times higher than were just six years ago.

The oil boom has helped to drive profits at the world’s biggest energy companies to breathtaking heights. On Tuesday, Royal Dutch Shell and BP reported total profits of almost $17 billion US for the first quarter $9.1 billion for Shell and $7.6 billion for BP.

Petro-Canada reported its Q1 profit almost doubled to $1.08 billion. Post a commentPeople have commented on this story Recommend this story People have recommended this story Story Tools: | | Text Size: | | Story comments (0) Sort: Most recent | First to last | Most recommended

- Post your comment

Note: The CBC does not necessarily endorse any of the views posted. By submitting your comments, you acknowledge that CBC has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that comments are pre-moderated/reviewed and published according to our . Comment:Characters allowed: 2500 Post Related Internal Links «www.cbc.ca» «www.cbc.ca» External Links MJ Ervin weekly gas pump price survey

(Note: CBC does not endorse and is not responsible for the content of external sites - links will open in new window) People who read this also read … Consumer Headlines 00 Average Canadian gasoline prices are less than a penny a litre away from their all-time highs, according to a weekly pump-price survey released Tuesday. 00 Rogers Communications Inc. said Tuesday it has reached an agreement to bring Apple Inc.’s iPhone to Canada later this year. 00 The academic advantages girls have at age 15 largely explain why they dominate university classes, two Statistics Canada researchers say. 00 Lasik gets all the advertising, but there are alternate eye surgeries from a simpler laser approach to implantable lenses that might solve your squint. 00 An Ontario man has been given a two-year conditional sentence for his part in a telemarketing fraud that stole an estimated millions of dollars from businesses. Consumer Life Features –> «www.cbc.ca» «www.cbc.ca» «www.cbc.ca» «www.cbc.ca» «www.cbc.ca» «www.cbc.ca» «www.cbc.ca» «www.cbc.ca» «www.cbc.ca» «www.cbc.ca»

LAS VEGAS — Network Access Control (NAC) technology may well be the next great evolution for enterprise networks, providing security and policy compliance. But as NAC gains steam — shifting from its early-adopter phase to what many industry insiders see as increasingly must-have technology — both enterprises and vendors need to understand the risks they’re taking. At stake is nothing less than billions of dollars in networking equipment, not to mention the overall...