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Gasoline analyst says price at the pump should soon decrease

first_imgMcTeague says he still remains confident prices will go down barring some sort of major geopolitical incident. He says gasoline prices have been way too high over the past month.“I think you’re going to see the speculators get burned and do a U-turn here, and start putting prices down that reflect the realities.”At the other end of the list, the three Prairie Province averages were all still below $1.00 a litre, and all more than $0.20 a litre less than the B.C. average, which was $0.10 higher than the national average.At $1.08.1, it was also nearly a nickel less than the common posted price for a regular litre in Fort St. John, which was holding steady at a $1.12.9.Advertisement “The increase has been very exaggerated on the markets, and I think we might be in for a correction for the rest of the year,” says senior analyst for gasbuddy.com Dan McTeague. “But it’s very hard to make long-term forecasts because so many players involved [are] ignoring supply and demand fundamentals, and that’s why prices remain steadily high.”“Just based on supply and demand, the fundamentals don’t support these higher prices, but it doesn’t have to have higher taxes in British Columbia, but that always adds to why prices tend to be much higher…not so much where you are – Vancouver and Victoria particular.”On the other hand, McTeague says the Canadian dollar’s strong position, if maintained, could result a downward price correction.- Advertisement -“It’s gained $0.08 value in the past five weeks – four weeks , so if oil and gasoline prices begin to tumble as they should –reflecting supply and demand realities – we could see prices well below the $1.00 litre range for the Fort St. John area,’ explains McTeague.This comes at a time when gas prices generally increase during tourism season.“It tends to peak at the end of April, and then it starts to come down, but it takes a couple of weeks for that the happen,” McTeague goes on to say. “But remember, depending on what gas stations have in terms of its capacity reservoir they can hold out or have to replace whatever cost is there – it may take a couple of weeks for theses things to make its way through.”Advertisement That put it $0.14 a litre higher than what gasbuddy.com had as the low-end price in the province – which was $0.98.9 98 a litre at the Prince George Costco outlet.That in turn was the only survey price in B.C. below a dollar a litre,  but it resulted in a $0.31 provincial differential because the high end price cited at 15 Greater Vancouver area outlets was $1.29.9.Still things remain much better now than they were a year ago when the B.C. average price was $1.42.9 a dollar, and the national average a $1.37.4.last_img read more

School that opted out of mayor’s reform is perfect `control’ campus

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhicker: Clemson demonstrates that it’s tough to knock out the champEvery experiment needs a control population to accurately gauge results. The seven middle schools and high schools chosen for the mayor’s education reform attention were picked because of their high rate of failure and the great needs of the kids. Progress at the schools working with the mayor, compared with that at schools like Jordan, will tell us whether change or the status quo is the best path. We’re betting that the mayor’s schools outperform the traditional school or schools, which should provide a model for overhauling the entire district. After the heady celebration of last week, it turns out at least one of the seven schools that voted on Mayor Antonio Villaraigosa’s reform plan will not participate. A second school will re-vote next month. Although a majority of parents and teachers at Watts’ Jordan High School endorsed joining the Partnership for Los Angeles Schools, and taking advantage of its associated attention and resources, the number of teachers voting yes fell short of a union-negotiated deal since some declined to take part in the heavily politicized event. And dozens of Santee High School teachers were off-track and haven’t had a chance to vote. The news deflates the optimism of the reform effort, which is already scaled down from the initial goal of district takeover, but it’s not all bad. In fact, Jordan High may be just what the district and the reform effort need: The “before” school that they can compare to the “after” at other campuses. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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first_img Comments   Share   Colledge, who started for the Super Bowl champion GreenBay Packers, has started 76 of the 80 games he’s played,helping the Packers offense become one of the best in theNFL.At 6-foot-4, 308 pounds, Colledge is a big lineman whofigures to slide into the left guard spot vacated by theretired Alan Faneca. Nevada officials reach out to D-backs on potential relocation The task of rebuilding the offensive line is a great onefor the Arizona Cardinals, but it appears they are finallyready to begin the process. What an MLB source said about the D-backs’ trade haul for Greinke GreenBay guard Daryn Colledge on verge of getting a new dealwith Arizonaless than a minute ago via Twitter for BlackBerry® Favorite Retweet ReplyJason LaCanforaJasonLaCanfora Top Stories D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Cardinals expect improving Murphy to contribute right awaylast_img read more