Gas prices: summer will be hot!

Drivers, get ready! According to the National Energy Board, geopolitical events, weather conditions and storage supplies could have a major influence on gas prices this upcoming summer. As long as there are no major supply disruptions arising from geopolitical crises in the Middle East and hurricane activity in the Gulf of Mexico, the price of crude oil will likely average between US$60-65 per barrel. Meanwhile, low gasoline inventories in the U.S., going into the summer driving season, will continue to provide upward pressure on gas prices.