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Opinion: If we’re oil-rich, why is gasoline so expensive?

Retailers, wholesalers, importers and exporters all operate in one global market. That competition generates a single world price

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Canadian retail gasoline prices have soared since the start of the United States-Israel-Iran war — even though Canada ranks fourth globally in annual crude oil production, behind only the U.S., Russia and Saudi Arabia. If we have so much oil, why are our gas prices high?

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