Average gas price tops $2 a litre in Canada for the 1st time – National
Gasoline costs are displaying no indicators of letting up as the typical worth in Canada tops $2 a litre for the primary time.
Pure Assets Canada says the typical worth throughout the nation for normal gasoline hit $2.06 per litre on Monday for an all-time excessive.
The typical was a nine-cent bounce from the $1.97 per litre document set final week, and is up about 30 cents a litre since mid-April.
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Costs averaged about $2.34 a litre in Vancouver on Monday, whereas in Toronto the typical was nearly $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 lately because the reopening of the financial system, and the beginning of the busy journey season, have led to excessive demand for gasoline that refiners have restricted capability to fulfill.
