Gas prices could go down if more pipelines were available to send crude oil to market.
That’s according to the Bank of Canada’s Governor Mark Carney, who spoke to a Commons committee yesterday.
Right now, Canadian crude is worth less than American, and oil prices have been inconsistent.
Carney says pipelines like the proposed Keystone XL and Northern Gateway could reduce global price differences, that would lower the price of gas, especially in Eastern Canada.
April 24th, 2013
