The new five dollar bill.

Ready for gas at $1.50 a litre?
By ROMA LUCIW , Globe and Mail Update


Imagine pulling into a gas station and filling up the tank of your Ford Explorer SUV for a whopping $1.50 a litre.

According to a energy report released Thursday by CIBC World Markets, that scenario could soon become reality. “Canadians should brace for $1.50 litre gas prices in the near future as global oil supply will increasingly have trouble keeping pace with demand,” says CIBC chief economist Jeffrey Rubin.

THAT'S ABOUT $6.00 per gal....