Gasoline prices in Canada are climbing to near-record highs, and financial speculators betting on the closing of a Philadelphia refinery are partly to blame Pump prices shot up in several major cities Wednesday – topping $1.40 a litre at many Toronto gas stations – as motorists across the country feel the pinch of steadily rising prices in recent weeks, even as crude oil costs have remained relatively stable. Shawn McCarthy in the Globe and MailSpeculators driving up price of gas in Canada
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Gasoline prices in Canada are climbing to near-record highs, and financial speculators betting on the closing of a Philadelphia refinery are partly to blame Pump prices shot up in several major cities Wednesday – topping $1.40 a litre at many Toronto gas stations – as motorists across the country feel the pinch of steadily rising prices in recent weeks, even as crude oil costs have remained relatively stable. Shawn McCarthy in the Globe and Mail