Gasoline costs are displaying no indicators of letting up as the common worth in Canada tops $2 a litre for the primary time.
Pure Sources Canada says the common worth throughout the nation for normal gasoline hit $2.06 per litre on Monday for an all-time excessive.
The common was a nine-cent bounce from the $1.97 per litre file set final week, and is up about 30 cents a litre since mid-April.
Costs averaged about $2.34 a litre in Vancouver on Monday, whereas in Toronto the common was virtually $2.09 per litre. Edmonton, in distinction, averaged slightly below $1.69 per litre.
Gasoline costs have been elevated since late February when oil spiked to round US$100 a barrel after Russia invaded Ukraine, whereas the value jumped to over US$110 per barrel final week.
Costs have additionally been spiking extra just lately because the reopening of the economic system, and the beginning of the busy journey season, have led to excessive demand for gasoline that refiners have restricted capability to satisfy.
This report by The Canadian Press was first revealed Might 17, 2022.
