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Gas to hit $2.25 in four years?

It’s going to cost Canadian drivers about $80 to fill the gas tank ofan average-sized car or SUV this summer and more than $135 within fouryears, warn economists.


It’s going to cost Canadian drivers about $80 to fill the gas tank of an average-sized car or SUV this summer and more than $135 within four years, warn economists.


National average gasoline prices, now about $1.24 a litre, will top $1.40 a litre this summer and $2.25 by 2012, according to a forecast from CIBC World Markets, which says tighter supplies will drive crude oil over $150 US a barrel by 2010 and to $225 US a barrel in four years.


With an average tank holding 60 litres of fuel, drivers will be digging deeper to gas up.

 
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