Source: Solarina Ho, CTV News, September 18, 2019 TORONTO – A leap in gas prices because of an attack on a Saudi oil refinery is expected to be temporary, a petroleum expert said Wednesday. Gasoline prices in Toronto jumped roughly four cents overnight with some drivers paying as much as $118.9 cents a litre, while prices in… Continue reading Spike in gas prices expected to be short-lived, analyst says
Tag: Gas Prices
What the drone attack in Saudi Arabia means for gas prices in Canada
Source: Ryan Flanagan, CTV News, September 15, 2019 TORONTO — More than five per cent of the global oil production capacity was taken offline following a drone attack in Saudi Arabia. The Houthi, a rebel group based in Yemen and backed by Iran, has claimed responsibility for the attack. The U.S. has claimed that Iran… Continue reading What the drone attack in Saudi Arabia means for gas prices in Canada
‘Gas war’ at B.C. pumps gets drivers revved up
Source: CTV News, September 11, 2018 Peace at the pumps has come to Abbotsford, B.C., but for a short time Monday morning there was an all-out gas war. The Abbotsford Costco dropped its prices first, bringing the cost of regular unleaded to a low 116.9 cents per litre. Others quickly followed suit, including a Petro-Canada… Continue reading ‘Gas war’ at B.C. pumps gets drivers revved up
June inflation rate up to 2.5%, highest in six years
Source: Andy Blatchford, The Canadian Press, July 20, 2018 The country’s annual inflation rate rose to 2.5 per cent in June as consumer prices grew at their fastest pace in more than six years, Statistics Canada said in a report Friday. The federal agency’s latest inflation number received a boost from higher energy prices, especially… Continue reading June inflation rate up to 2.5%, highest in six years
Alberta ‘gas bar shenanigans’ push national average price to five-year high
Source: The Canadian Press, July 5, 2018 CALGARY – Soaring gasoline prices in Calgary and Edmonton have pushed the national average to a five-year high, according to an online price monitoring firm. Dan McTeague of GasBuddy.com says the national average price for regular gasoline was 136.0 cents per litre on Thursday, up from 105.2 cents on the… Continue reading Alberta ‘gas bar shenanigans’ push national average price to five-year high
Gas price protest stalls when only one demonstrator shows up
Source: CTV Montreal, May 30, 2018 Drivers love to complain about the price of gas, but when it comes to taking action they are not willing to join forces. A gas price protest scheduled for Wednesday morning sputtered to a stop when one solitary protester showed up. Despite more than 5,000 people saying they would… Continue reading Gas price protest stalls when only one demonstrator shows up
Long weekend gas prices: Headed higher most places, but Alberta, Quebec can expect a break
Source: Dan Healing, The Canadian Press, May 18, 2018 Average price across the country currently 134.4 cents per litre Motorists in many parts of Canada are expected to see rising gasoline prices as they fire up their vehicles for road adventures on the Victoria Day long weekend. But price direction will vary across the country, said… Continue reading Long weekend gas prices: Headed higher most places, but Alberta, Quebec can expect a break
Canada’s inflation rate inches up thanks to hikes in gas and transport prices
Source: The Canadian Press, April 20, 2018 Canada’s annual inflation rate continued creeping higher last month to hit 2.3 per cent. The March figure from Statistics Canada shows the pace of inflation inched a little farther past the midpoint of the central bank’s ideal range of between one and three per cent. By comparison, inflation was 2.2… Continue reading Canada’s inflation rate inches up thanks to hikes in gas and transport prices
Alberta premier tells B.C. to stop opposing pipelines if they don’t want high gas prices
Source: Bill Graveland, The Canadian Press, March 23, 2018 CALGARY — Alberta Premier Rachel Notley says if British Columbia wants to keep gasoline prices low it should stop opposing the Kinder Morgan oil pipeline expansion. B.C. Premier John Horgan said Thursday he would like to see the federal government step in to deal with high gas… Continue reading Alberta premier tells B.C. to stop opposing pipelines if they don’t want high gas prices
Analyst warns B.C. gas prices could soon hit a record high
Source: Beth Leighton, The Canadian Press, March 19, 2018 VANCOUVER –– Drivers in British Columbia should brace for record high gasoline prices this summer and the financial pain has the potential to spread across the country, says a petroleum industry analyst. Dan McTeague of the online tech company GasBuddy predicts that beginning in April and… Continue reading Analyst warns B.C. gas prices could soon hit a record high