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Albertas Finance Minister reveals surging oil prices, now over one hundred dollars a barrel, will boost provinces revenues. However, a multi-billion-dollar deficit persists. Despite the lift, the government still faces a four point one billion dollar deficit this fiscal year, with a larger nine point four billion dollar hole expected next year. Higher prices are due to production issues linked to U.S. and Israeli strikes on Iran. Everyday folks are feeling the pinch with gas prices topping one dollar fifty cents a liter in places like Edmonton. A provincial program pauses fuel taxes if oil averages over ninety dollars, but a sustained spike above one hundred ten dollars could bring minimal relief before the April cutoff.

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