The cost of a litre of gas could end up just shy of two dollars Sunday — and at least one analyst says those prices won't go down any time soon.
"We're going to be spending a lot more money," he said. "It's going to hurt. Last May, the average gas price in Canada was $1.32.
A leading energy price expert says gas prices could go up another five cents across Canada if Russia decides to intensify its assault on Ukraine or declare ...
“It is a matter of fundamentals. But McTeague says even if the war in Ukraine comes to an end in the near future, high gas prices are expected to stay in place for a while because sanctions will likely remain on Russia’s energy sector. McTeague says gas prices could go up an additional five cents per litre next week as well if the situation worsens in Ukraine and as Canadians gear up for the May long weekend, which is typically considered the unofficial start of summer.
Gas prices in Vancouver continued to break records Sunday, reaching a staggering 222.9 cents per litre.
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 However, that money won't hit people's bank accounts until later this month or early in June.
A leading energy price expert says gas prices could go up another five cents across Canada if Russia decides to intensify its assault on Ukraine or declare ...
“It is a matter of fundamentals. FILE - A man fills his vehicle with gas during the COVID-19 pandemic in Toronto on Friday, October 8, 2021. THE CANADIAN PRESS/Nathan Denette
Gas prices Canada-wide were reaching new alarming highs as consumers were paying up to and more than $2 per litre in many areas.
But drivers will remember that gas prices were already climbing prior to the invasion, too. Why is the price of gas so high? How much more can the public afford.pic.twitter.com/8vxmEnKJCo Gas Prices in Toronto Gas Prices in Edmonton Gas Prices in Vancouver
Metro Vancouver gas prices jumped again on Saturday and Sunday to hitherto unseen heights, reaching $2.23 at some stations.
Those pressures on demand likely aren’t going anywhere, regardless of the cost. And with Trans Mountain overbooked, some of the local supply has to come from more costly sources, mostly the U.S. Article content For one, the Canadian dollar is usually considered a reliable petrocurrency on the world market, providing a buffer against rising crude prices. Article content Article content
Dan McTig, president of Canadian Affordable Energy, said May 9th is Victory Day in Russia and can prove to be crucial for the trajectory of the war in Ukraine.
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A leading energy price expert says gas prices could go up another five cents across Canada if Russia decides to intensify its assault on Ukraine or declare ...
"(Some people think) all this is because of Russia, but nothing could be further from the truth," he said. FOLLOW ON FOLLOW ON
A leading energy price expert says gas prices could go up another five cents across Canada if Russia decides to intensify its assault on Ukraine or declare ...
"(Some people think) all this is because of Russia, but nothing could be further from the truth," he said. But McTeague says even if the war in Ukraine comes to an end in the near future, high gas prices are expected to stay in place for a while because sanctions will likely remain on Russia's energy sector. McTeague says gas prices could go up an additional five cents per litre next week as well if the situation worsens in Ukraine and as Canadians gear up for the May long weekend, which is typically considered the unofficial start of summer.
Metro Vancouver's record-high gas prices, which climbed to 222.9 cents per litre over the weekend, could jump another five cents, an expert says.
1 hr ago 1 hr ago 1 hr ago 1 hr ago 1 hr ago In her exclusive column for CTVNews.ca, financial expert Pattie Lovett-Reid says it’s a difficult conversation but one that has to happen. 1 hr ago 2 hr ago 1 hr ago 1 hr ago 2 hr ago “They could see surcharges happening, if they actually are getting their food delivered to their homes through different apps.