Gas prices push record highs as demand surges, supply constrained | CBC News


Drivers throughout Canada can count on extra ache on the pumps on Wednesday as gasoline costs push new data.

Pure Assets Canada says the typical worth in Toronto on Tuesday for normal gasoline crept as much as simply just below $2 a litre, whereas the typical throughout Canada hit 197.4 cents per litre for an all-time excessive.

The Canada-wide common worth inched up barely from 197.1 cents per litre on Monday, whereas costs are up extra that twelve cents from per week in the past.

In Vancouver, costs averaged about $2.23 a litre, and in Edmonton the typical was slightly below $1.30 a litre.

Gasoline costs have spiked as oil tops US$100 a barrel, partly due to provide disruptions associated to Russia’s invasion of Ukraine.

The upper costs additionally come because the re-opening of the financial system has led to excessive demand for gasoline that refiners have restricted capability to satisfy.

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