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28.06.2022 / 16:33

Nearly 7 in 10 drivers worry they can’t afford gas as prices soar, poll finds

cost to fill up at the pumps this summer as record gas prices continue to climb, according to the results of a recent survey.As the average price for regular gasoline topped the $2-per-litre mark earlier this month, 69 per cent of Canadian respondents to an Ipsos Poll conducted exclusively for Global News said they were concerned they might not be able to afford gas.Those fears were even more widespread among households with kids (80 per cent) and younger generations aged 18-34 (77 per cent) and 35-54 (74 per cent). Gas prices are at record highs.

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Could ‘demand destruction’ bring gas price relief? Experts are not so sure

gasoline, that may not necessarily be the case.Experts are torn on when or even if drivers might see significant “demand destruction” – an economics term for a sustained decline in demand for a product due to excessively high prices – at the pumps.In theory, reaching an unsustainable price would serve as a tipping point and ultimately cause fuel prices to fall, finally offering drivers some relief. But analysts say we’re not there yet even though gas prices are hovering around all-time highs.

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Gas prices: How your driving behavior impacts costs at the pump

Record high gas prices have created stress for motorists across the nation, and many experts expect prices to remain elevated in the near future as demand for summer travel heats up. On Thursday, the national average retail price for regular gasoline surged to another record high, hitting $4.41 per gallon. While you may not be able to control the prices at the pump, you can control how you drive. Certain driving behaviors can actually help consumers save significantly when it comes to filling up at the pump, Patrick De Haan, head of petroleum analysis for GasBuddy, told FOX Business. It's the "easiest" thing to do when trying to combat those rising fuel costs, he said. INFLATION 'REALLY PRESSURING' US OIL AND GAS INDUSTRY: AMERICAN PETROLEUM INSTITUTE CEODe Haan says drivers should keep feet light on the gas when accelerating.

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Will gas prices ever go down? Why Canada is likely to set ‘new records’ at the pumps

gasoline prices more often.It’s a fact that is impacting every motorist across the country — the price for regular gasoline is at highs never seen before. Gas prices top $2 per litre in Montreal, up about 65 cents in 1 year They’ve been increasing since late last year, Statistics Canada data shows, and a significant drop might not come for a while, said Patrick De Haan, head of petroleum analysis at GasBuddy.com.“We are at all-time record highs across Canada in many areas,” he told Global News.“Unfortunately, we continue to set new records almost every day as we make the transition to summer gasoline across Canada, and as we see oil prices continue to go up as a result of the Russian invasion of Ukraine and escalations in that situation.”At this time last year, the average price in Canada for regular fuel was $1.31 a litre, Statistics Canada data shows.

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Gas prices: US national average to soon hit highest ever recorded, experts say

data from AAA shows — and the figure is expected to soon surpass the all-time high reached in 2008. Gas is now a nickel shy of the highest-ever recorded average price, which was set on July 17, 2008, at $4.10 per gallon. On Monday, California had the highest average price per gallon among U.S. states at $5.34, while Missouri had the lowest at $3.627, according to AAA. Twenty U.S.

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US average price of gas to exceed $4 a gallon this summer, GasBuddy predicts

FILE A pump nozzle labeled "Super 95" is stuck in the tank opening of a vehicle at a gas station. (Photo by Sven Hoppe/picture alliance via Getty Images) WASHINGTON - Gas prices in the U.S.

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Gas prices stable 'for the time being,' shouldn't move much higher, expert says

Gasoline prices in the U.S. have stabilized "for the time being" and shouldn't move much higher as long as the price of oil holds, according to an industry expert. It may come as a relief for the nation which has been grappling with sky-high oil and gas prices, ultimately forcing the Biden administration to ask OPEC+ to help out America instead of going directly to U.S.

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Drivers may see some relief at the pump, expert says

LOS ANGELES - Drivers may finally see some relief at the gas pump after weeks of price increases, according to an industry expert. Currently, the average price for a gallon of gasoline in the U.S.

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Gas prices on the rise, leaving only 8 states under $3 per gallon

Gas prices have jumped across the nation as oil prices reach a 7-year high, leaving only eight states with prices under $3 per gallon. The average price of gas across the nation stands at about $3.25 per gallon after jumping from 5.2 cents from a week ago, according to Patrick de Haan, head of petroleum analysis for GasBuddy. Prices are up 7.5 cents compared to a month ago and up more than $1 from a year ago, according to GasBuddy data compiled from more than 150,000 gas stations across the country. Diesel, meanwhile, is up more than 10 cents compared to last week and stands at $3.45 per gallon, according to the data. FILE - Gasoline fuel pumps.

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Will Canadians see cheaper gas prices this fall? Here’s what analysts say

price of gas has hit Canadians’ wallets as COVID-19 continues its spread with the Delta variant.The country, which is in a fourth wave of the pandemic, has seen gas prices rise due to the uncertainty around demand as the resurgence in the virus threatened economies from fully reopening. Prices reached as high as $1.74 per litre in Vancouver in July.But with the average price of Canadian gas sitting around $1.40 per litre as of Wednesday, one petroleum analyst thinks Canadians might be in for some relief come fall.

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Lowest Saskatchewan gas prices in years possible this summer: analyst

Motorists may have noticed a jump in price at the pumps this week across Saskatchewan.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0