National gas prices continued their staggering rise this weekend, with drivers in Vancouver informed to brace for as a lot as $2.34 per litre at the pumps.
Figures on the gasoline tracker GasBuddy confirmed the nationwide common value of standard gas reached $1.95 per litre on Saturday afternoon, with provincial averages reaching $2.15 in Newfoundland and Labrador and $2.11 in British Columbia.
Gas Wizard predicted important jumps in numerous cities Sunday, with Vancouver anticipated to see prices surge six cents to a nationwide excessive of $2.34/litre. Montreal was projected to see a four-cent soar to $2.15, and Toronto was on tempo for a six-cent improve that might take common prices to $2.09.
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Gas prices in some Ontario cities will climb over $2 a litre this weekend: analyst
“These are mind-numbing, eye-popping prices that … is probably not sustainable for most Canadians on fixed incomes/middle class,” Gas Wizard analyst Dan McTeague, additionally president of Canadians for Affordable Energy, mentioned Saturday.
“I think it’s fair to say most Canadians are taking a pounding on this and it’s not the ones who drive for kicks and giggles, it’s the ones that need this to get to work…. And it will be long term.”
St. John‘s is anticipated to see the greatest leap Sunday at 13 cents to $2.24/litre. Prices in Edmonton are projected to be amongst the lowest at $1.70/litre.
Many experts have attributed hovering gas prices to market destabilization introduced on by Russia‘s assault on Ukraine, as effectively as recovering international demand as COVID-19 restrictions ease.
McTeague acknowledged these as elements, however characterised the spike as extra of a provide difficulty that predates the conflict and is just being exacerbated now.
He known as for a brief suspension of the carbon tax and for Ottawa to provide a right away power rebate, noting that hovering gas prices have additionally elevated the federal GST haul.
“They’re making money hand over-over-fist. It seems to me that it would be wise for them to at least consider some kind of a rebate, or at least a way to alleviate, through maybe a GST rebate, to insulate and help those on fixed incomes and those of course who are having a tough go of it,” mentioned McTeague, a former Liberal member of Parliament.
On Friday, B.C. Premier John Horgan mentioned decreasing taxes can be a “short-sighted” plan that solely affords a “modest amount” of aid.
He mentioned he has requested the finance minister “to bring forward a basket of initiatives because this is not a short-term issue.”
Until then, he inspired residents to reduce travel prices the place potential.
Read extra:
Albertans ought to count on even greater gas prices earlier than May lengthy weekend: analyst
“We need to do that by all of us taking the steps that we can to reduce the amount we spend and also ensuring that we’re working together. If you’re going to the grocery store and you know you’ve got a neighbour that needs something, ask if you can pick it up for them and reduce the number of trips that we take,” he mentioned.
“Right now I encourage people to think before you hop in the car – do you need to make that trip?”
© 2022 The Canadian Press
Weekend gas prices on the rise across Canada as experts urge motorists to reduce travel & More Latest News Update
Weekend gas prices on the rise across Canada as experts urge motorists to reduce travel & More Live News
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Weekend gas prices on the rise across Canada as experts urge motorists to reduce travel & More News Today
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