Canadians in most parts of the country are waking up to higher gasoline prices today, with prices above or nearing $2 a liter.
According to Gas Wizard, a site that tracks gas prices across Canada, prices jumped four to six cents in many urban centers across the country. In Vancouver, the price of regular gasoline reached $2.17.
Prices in the Prairies remained unchanged.
“The average in Canada is going to get a lot closer to that $2 a liter psychological barrier, if you will. And it’s unlikely to stop there anytime soon,” said Dan McTeague, president of Canadians for Affordable Energy. . Radio Canada News.
Gas prices have risen rapidly over the past year, with the Russian invasion of Ukraine exacerbating the trend. Last May, the average gas price in Canada was $1.32.
Rising gas prices are another way Canadians’ budgets are being squeezed, as inflation hit a 31-year high of 6.7% last month.