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Why gas prices are so high and what to expect in the fall
(www.ctvnews.ca)
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this post was submitted on 17 Aug 2023
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And to clarify. Canada is a net exporter of oil. But most of that oil goes west and to port. About 10% of the oil we import is from the middle east. The majority of the oil we import is from the US. And we mainly import oil because it's cheaper to import it than it is to move that much oil east.
At this point it really doesn't make sense to build infrastructure to to move oil east, and really since oil is one big market, us selling and then buying doesn't really matter...