"The bottom line is that I don't expect prices to recover. But lurking in the background is a fundamental shortage that needs to be addressed – the lack of supply. In the short term, he said this is a gift to consumers. With higher interest rates, the perception is it'll weaken the demand for everything," McTeague explained. Download and use 8,000+ Covid 19 stock photos for free. The following dashboards are frequently updated and offer useful visuals like maps and graphs as well as statistics. "Every time there are good job numbers or very high inflation numbers in the United States and in Canada, the response by markets is that this will inevitably bring higher interest rates. On tap for Friday, McTeague anticipates another three cent dip. On Wednesday, prices at the pump dropped three cents followed by another one cent reduction on Thursday.
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Watertown City School District coronavirus updates Latest Update from Gov. Coronavirus Testing Site Now Operational in Watertown.
North Country Coronavirus Resources and Updates. Over the last seven days, there have been nine COVID-related deaths in the northeast - four in. The total number of hospitalized patients with COVID-19 in the region sits at 119 as of April 26 at 11 a.m. This would be the first time since the end of May the average gas price in Ontario dropped under the $2 mark. WATERTOWN, NY Since the outbreak of COVID-19 coronavirus across New York State, multiple businesses, schools and events have cancelled or postponed. The number of COVID-19 hospitalizations in the northeast has remained steady over the last few weeks at more than 100 total hospitalizations. "We're on track to see gas prices potentially fall below the $2 a litre threshold on Sunday," McTeague said. The cost of gas is expected to roll back to an average price unseen since May in southern Ontario, one analyst says.ĭan McTeague, the president of Canadians for Affordable Energy, told CTV News Toronto that prices are set to dip below $2 per litre.
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