Posted AT 5:49 PM EDT on 24/04/08
Oil prices, gasoline costs to double: CIBC report
OTTAWA — Crude oil prices will soar to more than $200 (U.S.) per barrel over the next five years – driving Canadian pump prices to $2.25 a litre and forcing a fundamental transformation in the North American economy, says Jeff Rubin, chief economist with CIBC World Markets Inc.
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