When was gas 35 cents

High oil prices cause chaos. We still depend a great deal on foreign oil every day, but now, our cars are more fuel-efficient. The current goal is to reach As we neared an economic crisis in , oil companies wisely scrambled for new places to find cheap gas. The focus turned to natural gas, another limited energy source.

We bailed out the car companies that had been slow to adapt and create alternative-fuel engines. Legislation tends to be rougher on newcomers like Tesla. And renewable energy companies have been having a hard time getting funding. This has many economists concerned for a number of reasons. Have we taken this time to catch our breaths and move away from oil, or are we still shackled to it?

Some experts wonder whether or not cheaper oil is affecting this current economic climate at all. Note that this may be because shell-shocked survivors were a bit slow to increase their personal spending.

The key to enjoying personal financial health is by making the most of the money you have. It always helps to save a little more, spend a little less, and manage what you have today. Get to know tips and creative ways to live better on less. Financial fluctuation may be inevitable from time to time. How you handle and plan for it can make all the difference.

Let's start planning today for a more enjoyable tomorrow and more empowered future. In Spruce Grove yesterday at lunchtime, the price was around 38 cents. Some stations reported people bringing litre gas tanks to stock up. In Edmonton, gas is hovering around 60 cents. In Vancouver, it is selling at upwards of 70 cents and in Toronto, the price is around 73 cents.

Rising gasoline prices were one of the biggest contributors to the nine-year high inflation rate of 3. In the preceding year, gasoline prices had increased by But in the oil industry, concerns are growing the market could actually be oversupplied now, as fears subside over U. The Organization of Petroleum Exporting Countries raised its official output levels four times during , for a total increase of about 16 per cent, and the U. But now that the inventory numbers have improved, many experts feel there is more than enough crude oil in the market to meet demand, which will ease as spring approaches.

Experts expect OPEC could cut as much as 1. Follow Jill Mahoney on Twitter: jillsmahoney Opens in a new window. Report an error.