Hopefully oil will bottom out further.

[rockpile]

Hold on a second. We are a resource economy. What you are saying is that cheaper grain and livestock prices will result in lower food costs. Yeah, right. There are multiple reasons why the cost of a barrel of oil and a litre of fuel are so unconnected in Canada. 65$ by the end of the year unless OPEC continues to flood the market.

[sk_wheatking]

At $40 U.S. the pump price will stay the same as it is now plus or minus a cent or two.