Weekend driver gas prices continue to skyrocket, experts predict no immediate bailout

Gasoline prices across the country continued to rise tremendously this weekend, and Vancouver drivers were told to pump as much as $ 2.34 per liter.

Fuel tracker GasBuddy figures show that the national average price of regular gas reached $ 1.95 per liter on Saturday afternoon, with state averages reaching $ 2.15 in Newfoundland and Labrador and $ 2.11 in British Colombia. is showing.

The Gas Wizard predicted a significant rise in various cities on Sunday, with prices rising 6 cents in Vancouver to a national high of $ 2.34 / liter. Montreal was projected to rise 4 cents to $ 2.15, while Toronto was moving up 6 cents to an average price of $ 2.09.

“These are mind-boggling prices and probably not sustainable for most Canadians in the fixed-income / middle class,” said Gus, also the president of Canadian Affordable Energy. Wizard analyst Dan McTigg said on Saturday.

“It’s no exaggeration to say that most Canadians are thrilled with this. It’s not the ones who need it to get the job done that drives kicks and laughter … and it’s long-term. Will be. “

St. Johns is expected to make the biggest leap on Sunday at $ 2.24 / liter at 13 cents. Edmonton’s price is projected to be the lowest at $ 1.70 / liter.

Many experts believe that gas prices have skyrocketed as market instability caused by Russia’s attack on Ukraine and global demand recovering as COVID-19 restrictions have been relaxed. I am.

McTigg acknowledged them as a factor, but characterized the surge as a pre-war supply problem and is now only worsening.

He called for a temporary suspension of carbon taxes and an immediate energy rebate for Ottawa, and said soaring gas prices also increased federal GST haulage.

“They make money with their fists. At least consider some kind of rebate, or at least through GST rebates, how to isolate and support fixed-income people and, of course, those who have them. It seems wise to me, it’s a big deal, “said former MP McTeeg.

On Friday, British Columbia Prime Minister John Horgan said the tax cut would be a “short-sighted” plan that would only provide a “moderate amount” of relief.

He said he had asked the Finance Minister to “submit a basket of initiatives, as this is not a short-term issue.”

Until then, he encouraged residents to reduce their travel expenses as much as possible.

“We need to do what we can to reduce the amount of money we all spend, and also by ensuring that we work together. When we go to the grocery store, we need to do that. If you know you have a neighbor who needs something, take it and ask if you can reduce the number of trips we take, “he said.

“Now I encourage people to think before you jump into the car — do you need to make that trip?”

By Cassandra Szklarski

Canadian press


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