Thinking of a road trip this summer? Start saving a few extra dollars as the average per litre price is predicted to hit the $2.00 point.
Earlier in April prices dipped to $164.9/L and this weekend (April 30/May 1) they’ll jump to $1.88.9.
Russia’s invasion of the Ukraine can be cited as a primary source for the spike in prices.

Canadians for Affordable Energy President Dan McTeague says “We've spent a lot of time this country saying no to pipelines and of course these proverbial chickens are coming home to roost and they're hurting consumers not just at the pumps but pretty much across the entire spectrum of the economy,” he said. “We have the third largest provable deposits of oil and gas in the world. We're not using it and that's going to continue to put upward pressure on prices. Two dollars a litre this summer is in fact the new normal.”

He goes on to say “I expect we will be towards $2 a litre at some point around the May 24 weekend,” McTeague said. “I take no pride in saying this is going to happen but we have been warning the circumstances are certainly pointing towards that.”

Perhaps it’s time to start looking at EV’s, especially since there’s a new crop of high-tech and long-range electric vehicles currently here and new ones on the way.