Gas Prices: Latest News

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22.06.2022 / 16:23

Inflation hit 7.7% in May, fuelled by soaring gas, food prices: Statistics Canada

The annual inflation rate skyrocketed to its highest level in nearly 40 years in May, fueled by soaring gas prices, Statistics Canada said Wednesday.

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Canada’s carbon pricing is going up again. What it means for your wallet

carbon price is set to go up starting Saturday.The fuel charge is rising by 30 per cent from $50 per tonne of emissions to $65 on April 1. This will translate to an increase of roughly three cents per litre for gas, reaching a total of 14 cents per litre.The scheduled increase will apply in Ontario, Manitoba, Saskatchewan, Alberta, Yukon and Nunavut.Meanwhile, the carbon price jump will go into effect in Newfoundland and Labrador, Nova Scotia, and Prince Edward Island on July 1.

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Gas prices in the U.S. are skyrocketing. Here’s why

There is little evidence that gasoline prices, which hit a record $5 a gallon on Saturday, will drop anytime soon.

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Gas prices are at record highs. How the cost of fuel for 5 cars has changed

Unless you’re driving an electric car, you’re paying more than you’ve ever had to before for gasoline in Canada.

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Weekend gas prices on the rise across Canada as experts urge motorists to reduce travel

National gas prices continued their staggering rise this weekend, with drivers in Vancouver told to brace for as much as $2.34 per litre at the pumps.

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Here are 10 ways to spend less on gas this summer as prices soar

Gas prices have smashed records in recent weeks as the world grapples with Russia’s invasion of Ukraine and demand has soared as the economy reopens.

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Surging gas prices, Ukraine war pushed inflation to 6.7% in March: Statistics Canada

Statistics Canada says the annual rate of inflation hit 6.7 per cent in March, the fastest year-over-year increase in the consumer price index since January 1991.

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Bank of Canada due for ‘oversized’ 50-basis-point interest rate hike: economist

The Bank of Canada is likely to hike its key overnight rate by half a percentage point on Wednesday, the Conference Board of Canada’s chief economist says, as the think tank’s economic forecast predicts home prices could start to drop next year.

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The federal carbon tax is set to rise April 1. How will that affect gas prices?

Gas prices in some provinces are set to rise Friday as the federal carbon tax increases.

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Rising gas prices drive Canadians to bike-buying and public transit

Gas prices continue to hit record levels across the country and Canadians are feeling the effect.

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‘Buy now,’ say experts as flight fares expected to soar amid rising fuel costs

Fuel prices have continued to soar across the country over the past few weeks, impacting everyday lives of Canadians.

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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