Gas prices

2022 - 3 - 2

ontario gas prices toronto

Post cover — Image courtesy of "Globalnews.ca"

Alberta gas prices soar as war in Ukraine continues (Globalnews.ca)

The president of Canadians for Affordable Energy said Russia's invasion of Ukraine has 'everything to do' with rising gas prices.

He once again called on the federal government to scrap its carbon tax. All of that will increase and push inflation higher,” he explained. Premier Jason Kenney was asked about the rising gas prices during an unrelated news conference Thursday morning. But he said that even the United States, which would have received one million barrels of oil a day through the cancelled Keystone XL Pipeline, “now relies on almost 800,000 barrels a day on Russia.” The company has not raised its prices in five years but Owen said unfortunately, that changed Thursday morning. “The cost of gas, one year ago today was 35 per cent less than right now. So everything is kind of pushing against them having space for discretionary spending.” “We’re going to pay much more for everything, even those of us who don’t drive,” he said. “Russia is the third-largest producer of oil,” Dan McTeague explained. The cost of diesel is rising at an even faster rate, McTeague explained. The price for gas in Edmonton spiked to about $1.55.9 per litre Thursday morning. The price increases will trickle down to everything from public transit to the cost of food, he explained.

'Embrace high prices now': Edmonton gas prices top $1.50 per litre ... (Edmonton Journal)

Edmonton's fuel prices were sitting at $1.53 per litre on Thursday. In Calgary, they were a bit higher still, at $1.56 per litre.

The Bank of Canada took that step Thursday, and broad measures could force people to change the way they manage their own household budgets, potentially tamping down demand for a full tank of gas. So I’ll tell you what: if Justin Trudeau were to agree not to raise the federal gas tax on April 1, then we would look for sure at further relief here in Alberta.” Article content Article content Article content Article content

Here are the top 10 cheapest gas prices in Metro Vancouver right now (Vancouver Is Awesome)

Gas prices have set another all-time record high in Metro Vancouver, BC in March 2022 as costs surge due to the Russian invasion of Ukraine.

McTeague expects gas prices to continue to climb in Canada with an increase on Apr. 1 due to the Trudeau government's carbon tax, which will rise 25 per cent to $50/tonne for industrial greenhouse gas emissions from the current $40/tonne price. According to McTeague, gas prices should soar over $2 a litre by the end of the week. Dan McTeague, the President of Canadians for Affordable Energy (and formerly of GasBuddy.com), warned drivers earlier this week that gas prices would increase to over 1.94 cents per litre at the pumps.

Gas prices predicted to hit historic highs near $2/L this week (Driving)

The increase in gasoline prices is being fuelled by a global supply squeeze and industry anxiety over the military crisis in Ukraine.

Consider, too, he added, that about 90 per cent of goods we buy rely on trucking, short or long haul. Lee also said there was discretionary spending that could be reduced or eliminated in the face of rising prices, except in two basic areas: putting food on the table and heating the house. Article content It has risen 20 cents a litre in less than a week, he said. He pointed out the price of oil has risen from about US$75 a barrel on Jan. 1 to the $110 range this week. Article content Those numbers didn’t hold steady early in the week. Premium prices were accordingly even higher, with Petro-Canada charging $1.93 for ultra grade at some outlets on the weekend. Article content It also means a fill-up on even an average-sized car will push $100. In Vancouver, drivers are seeing prices as high as $1.94. Article content Article content

Russian invasion contributing to record high gas prices in Winnipeg (CTV News)

Price jumps at the pumps are shocking some Winnipeggers who were fuelling up their vehicles on Thursday. But the price hike does not just impact vehicle ...

1 hr ago 1 hr ago 1 hr ago 1 hr ago 1 hr ago 1 hr ago 1 hr ago 1 hr ago 1 hr ago “The consumer needs to be aware that, with these increased costs, there’s a good chance that they will be passed on.” Rising gas prices don’t only affect drivers. “I have a smaller car but people with families?

Gas prices soar in Calgary, average eclipses $1.50 per litre mark (CTV Toronto)

Calgarians should brace for some sticker shock at the pumps as the average fuel price in the city jumped to around $1.52 per litre Thursday morning.

1 hr ago 1 hr ago 1 hr ago 1 hr ago 1 hr ago 1 hr ago 1 hr ago 1 hr ago 1 hr ago 1 hr ago 1 hr ago This is ridiculous."

Metro Vancouver gas prices edge toward $2, breaking 2nd record in ... (CTV News Vancouver)

The Vancouver region regularly sees the highest gas prices in the country and, according to the Canadian Automobile Association, B.C. had the highest average ...

2 hr ago 2 hr ago 2 hr ago 2 hr ago He hopes now that a new doc about his experience inspires dialogue, empathy and compassion. 2 hr ago 2 hr ago 2 hr ago "I think British Columbians would be very unhappy if they saw … that companies were taking advantage of international uncertainty to pad their profit margins," he said. "I'm not passing the buck when I say that," he said. But prices are expected to go even higher, and may reach $2 in the next few days. The previous record of 183.9 was set just days before that.

Even higher gas prices 'in the forecast' as GTA drivers dig deeper ... (CBC.ca)

Gas prices across much of the GTA climbed to $1.68 on Thursday, and consumers are being warned they could be paying a high $1.75 per litre on Friday and ...

I think it's going to be a big issue for families." "I don't think it's going to end any time soon. "When I buy seed, the cost to bring that seed to the distribution centre is also going to be added on to what I'm paying," he said. Meanwhile, Crispin Colvin, executive director with the Ontario Federation of Agriculture, said without question, "this is going to have a major impact" on farming. "It must be very, very bad for people that depend on gas and gas prices to make a living," Wright said. Additionally, he said prices coming down will have a lot to do with "our ability to supply the surging demand for oil globally."

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