Tuesday, February 7, 2023
No Result
View All Result
  • বাংলা সংস্করণ
Shomporko
Advertisement
  • Home
  • News
    • Daily News
    • Feature
    • Sports
  • CANADA
    • Canada Daily
    • Community News
    • Canada Politics
    • Canada Economy
    • Canada Health
  • Global
  • Bangladesh
  • Interview
  • Article
    • Analytical
  • LITERATURE
    • Story
    • Poem
  • Opinion
    • Columnists
  • More
    • Food & Beverage
    • HISTORY
    • Kids Page
    • Travel
    • HOME DECOR
    • Video
    • Social Media
    • Festival
  • Home
  • News
    • Daily News
    • Feature
    • Sports
  • CANADA
    • Canada Daily
    • Community News
    • Canada Politics
    • Canada Economy
    • Canada Health
  • Global
  • Bangladesh
  • Interview
  • Article
    • Analytical
  • LITERATURE
    • Story
    • Poem
  • Opinion
    • Columnists
  • More
    • Food & Beverage
    • HISTORY
    • Kids Page
    • Travel
    • HOME DECOR
    • Video
    • Social Media
    • Festival
No Result
View All Result
Shomporko
No Result
View All Result
Home Canada Daily

‘This is going to get a lot more painful:’ Analyst expects record gas prices by Friday

by Shomporko Online News Desk
May 4, 2022
in Canada Daily, Dailynews
0
‘This is going to get a lot more painful:’ Analyst expects record gas prices by Friday
0
SHARES
18
VIEWS
Share on FacebookShare on Twitter

The average price of a litre of gas in the Greater Toronto Area will reach a new high, and at least one industry analyst predicts that “it’s going to get a lot more painful for drivers” in the coming weeks on Friday.

Most GTA gas stations are currently charging 190.9 per cent per litre, which is the same as the previous all-time high set on March 10.

In an interview with CP24, Dan McTeague, president of Canadians for Affordable Energy, said he expects prices to climb by around a nickel on Friday, to 194.9 or 195.9 cents per litre.

“This is going to get a lot more painful and it is going to be a lot more long-lasting. There really isn’t anything in sight that would cause these prices to drop,” he said. “It is a very serious situation, it is going to continue to add inflationary pressures on everything and I think it is high time we started to take this issue seriously; not just inflation but energy affordability in particular.”

McTeague said that a decision by the European Union to ban the purchase of Russian oil by the end of the year is likely to push costs higher, as will the eventual lifting of COVID-19 lockdowns in China which have supressed demand.

He said that an ongoing diesel shortage in the U.S. northeast is also perhaps “the most worrisome” thing right now, as it could some refineries “to think twice about producing gasoline” so that they can concentrate on diesel production.

“It creates a scenario for an escalating spiralling price in energy which unfortunately our politicians in Ottawa seem to be completely oblivious to,” he said.

Gas prices have risen by about 50 per cent since last May, when drivers were paying around $1.30 per litre to fill up.

Source_ cp24.com

Previous Post

Toronto planned encampment clearing operation for months, built profiles of residents

Next Post

Toronto teen charged in murder of 30-year-old woman in London, Ont.

Shomporko Online News Desk

Related Posts

NORAD says storm won’t slow Santa’s travels
Canada Daily

NORAD says storm won’t slow Santa’s travels

December 25, 2022
Catholics return to GTA churches for full-capacity Christmas masses
Canada Daily

Catholics return to GTA churches for full-capacity Christmas masses

December 25, 2022
List of GTA school cancellations during holiday winter storm
Canada Daily

List of GTA school cancellations during holiday winter storm

December 23, 2022
Toronto could still be digging out from major winter storm on Christmas Day, city officials warn
Canada Daily

Toronto could still be digging out from major winter storm on Christmas Day, city officials warn

December 23, 2022
Popular arena in the Junction to close unexpectedly for months due to emergency roof repairs
Canada Daily

Popular arena in the Junction to close unexpectedly for months due to emergency roof repairs

December 22, 2022
Woman, child seriously injured after being hit by vehicle in Cedarvale
Canada Daily

Woman, child seriously injured after being hit by vehicle in Cedarvale

December 22, 2022
Next Post
Toronto teen charged in murder of 30-year-old woman in London, Ont.

Toronto teen charged in murder of 30-year-old woman in London, Ont.

Logo

Disclaimer:

The editorial team is not responsible for the content of the writing.

Publisher and Editor
Sonia Hoque

General Manager

Rewrite-Man

Reporter

Graphics
Mozammel Sarkar

Address:

Shomporko Magazine

59 Byng ave
Scarborough,
Ontario
M1L3N8

Phone :647-686-5432

 

Email: 
shomporko.magazine@gmail.com
2537765 Ontario Ltd

© 2020 Shomporko – Magazine Develop by RMITtech

No Result
View All Result
  • Home
  • NEWS
    • Daily News
    • Feature
    • Global
    • Politics
    • Sports
  • CANADA
    • Canada Daily
    • Community News
    • Canada Politics
    • Canada Economy
    • Canada Immigration
    • Canada Education
    • Canada Health
    • Canada Opinion
  • GLOBAL
  • INTERVIEW
  • ARTICLE
    • Analytical
  • LITERATURE
    • Story
    • Poem
  • OPINION
    • Opinion
    • Columnists
    • Legal Advice
  • ARTS
    • Home Decor
    • Sports
  • LIVING
    • Health
    • Food
    • Travel
    • HISTORY
    • Kids Page
  • MORE
    • Video
    • Social Media
    • Festival
  • বাংলা সংস্করণ

© 2019 Shomporko - Magazine Develop by RMITtech.

Translate »