Gas prices up in some cities across Canada by as much as 19 cents

Article content material

TORONTO — Fuel costs jumped in a single day in some cities throughout Canada, in lots of instances by round 10 cents a litre, and by virtually 20 cents in a single metropolis.

Article content material

The worth of gasoline on Thursday was up nationally by simply over three cents on common at $1.58 per litre, with some provinces seeing greater jumps than others, in response to the CAA’s gasoline worth tracker.

Article content material

Kristine D’Arbelles, CAA’s senior director of public affairs, stated gasoline costs are being pushed by numerous components together with worldwide points, seasonality, provide and demand and provincial taxes.

Article content material

With hurricanes Fiona and Ian hitting coasts this week, supply and provide of gasoline is probably going affected for some markets, D’Arbelles stated.

“Storms can impact gasoline costs,” she stated. “As a result of the place gasoline is coming from is barely completely different throughout the nation, which may imply that one province is feeling it a little bit bit greater than one other province.”

Article content material

RECOMMENDED VIDEO

Victor Vallance, senior vice chairman of pure assets and pipelines at DBRS Morningstar, stated the Canadian greenback, which has been below strain this week, is probably going contributing to costs going up, as oil is priced in U.S. {dollars}.

In Alberta, provincially costs have been up by six and a half cents, however up virtually 9 cents in Edmonton.

In the meantime, Ontario costs averaged two cents greater than on Wednesday, however in some particular cities it was a unique story.

In Thunder Bay, gasoline costs have been up by virtually 20 cents, and in Peterborough costs have been up 11 cents, in contrast with a achieve of simply round a penny in Toronto. In different Ontario cities, reminiscent of Brantford and Brockville, gasoline costs have been up by 4 and half cents.

Article content material

In Saskatchewan, costs have been up virtually six cents, whereas Manitoba’s costs noticed only a one-cent rise. Quebec’s costs barely moved in a single day, whereas costs in British Columbia have been up by virtually 4 cents.

Costs have been extra unstable than traditional for months now, and customers are possible making an attempt to avoid wasting the place they will, which may soften costs, stated Vallance.

“Individuals are being squeezed throughout with inflation,” he stated.

In some provinces, there’s one other bounce in gasoline costs on the horizon as tax aid packages attain their limits.

Alberta’s non permanent gasoline tax aid, launched earlier this 12 months when costs soared, is on its manner out, albeit slowly. On Oct. 1, the province will reintroduce a tax of 4.5 cents per litre, nonetheless a far cry from the same old 13 cents.

Ontario’s gasoline tax was lower to 9 cents per litre from 14.7 cents efficient July 1 and ending Dec. 31.