Canadians can expect higher gas prices from Ukraine war to kick in on Saturday
The Star: 'Canadians can expect to pay more at the pump as Russia’s attack on Ukraine puts even greater pressure on an already surging oil price environment. Roger McKnight, chief petroleum analyst at En-Pro International Inc. expects gas prices across the country to rise approximately five cents per litre this weekend.
'“If you are only filling up once a week or that sort of thing, get anything in your tank that you can before Saturday,” McKnight said on Thursday. “But if you’re a daily filler, there’s really not much you can do.”
'The high demand for oil combined with a shortage of supply has been pushing oil prices, and consequently, gas prices up for weeks. The benchmark West Texas Intermediate price sat at US$92 per barrel Thursday afternoon after briefly trading above US$100per barrel earlier in the day. Brent crude fell toUS$99 a barrel, after topping US$105 a barrel for the first time since 2014 on Thursday morning.'
If only Canada had a province rich in oil and gas we could take advantage of, simultaneously employing hundreds of thousands of Canadians....