Gas Prices Are About To Sky Rocket All Over Canada This Week And Here's Where
Ugh it's going to get even worse...
While you might have thought that gas prices couldn't get any worse considering the hike in gas that Canadian drivers have recently seen , you, unfortunately, are very wrong.
In Quebec gas prices are expected to rise another 10 cents this week, hitting 135.7 cents a litre according to gas price predictor and monitor website GasBuddy.
Though it isn't just Quebec that's getting hit with higher prices, as British Columbia will witness an even higher spike. Their prices are slated to spike another two cents, reaching an all-time record high of 155.9 cents per litre.
While Quebec and British Columbia are getting hit the worst, they aren't the only ones getting affected. It's expected that there will be a three-cent rise in Calgary, Edmonton, Regina, Saskatoon, and Winnipeg.
Those in Toronto, Hamilton, Ottawa, London, Sudbury and the rest of Southern Ontario will see a modest one cent jump in price. Over in the Maritimes and Newfoundland locals will be subject to a jump of two-cents on their gas per litre.
So why exactly are the prices rising? It's got everything to do with that pesky Canadian dollar value that keeps losing its value in comparison to the States. Making it more expensive to purchase oil when we factor in exchange rates and a lower valued currency.
Though another reason for the price hike is apparently linked to the number of Canadian refineries that are "going into or extending their spring-time maintenance shutdowns" as a result, it's putting pressure on gas prices to the point where they continue to rise.
Unfortunately, gas price forecast sites like GasBuddy are predicting that the year of 2018 as a whole will be a tough one for divers when it comes to the price of gas. Believing that the year will come with an average gas price of around $1.19 across the country- the highest it's been since 2014.
So make sure if you find a good deal on gas when there's a dip in price considering these jacked up costs, unfortunately, won't be leaving anytime soon.
Source: HuffPost Canada