Dollars and SenseNationalNewsOil & Gas
Gas Prices To Increase Even Further
Source: Nicole Bogart, CTV News, April 17, 2022
Many factors are compounding the price at the pumps, from a weak Canadian dollar and less investment in traditional fuel sources.
Canadians should prepare themselves for an expensive summer at the pumps as the price of oil continues to skyrocket, with one analyst warning that a $2 per litre price tag may become a common occurrence in many regions.
The warning comes after months of record-high price fluctuations driven by post-pandemic demand for fuel and a decrease in supply, and compounded further by sanctions on Russian oil handed down in March.
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