Gas Prices Jump 14 cents Overnight in Ottawa
Gas prices jumped 14 cents overnight and that's causing a stir as drivers now face up to 106.5 cents per litre.
"The prices make me ill because I use my car for business and my expenses are going up, and I pay my own expenses big-time," one driver told on Monday, April 17.
Travellers can expect to pay more for gasoline this summer as oil prices appear to be set to rise and stay high.
The rising costs are a reflection of growing demand in the summer.
While demand goes up in the summertime because we all drive more, demand is substantially less in the wintertime when the days are short and it's cold and we don't want to be out.
And so the industry suffers, on average, low profit margins during the fall-winter months. In the summertime is when they have the opportunity, if you wish, to increase that price.
Gasoline prices have been rising in recent weeks.
GasPricesInOttawa.com reported an average pump price of 103.6 cents per litre today.
In Vancouver, the average was about 109.3, and in Montreal it was about 107.4 cents, while in Calgary it was 96.2 and Toronto it was 102.2.
Motorists in Labrador City are paying 119.2 cents per litre while in Lethbridge, Alta. gas prices averaged only 93.8.
One small break could come in the federal budget if the Conservatives cut the GST by one point. That could save motorists about 30 to 40 cents on every tank of gas.
"The prices make me ill because I use my car for business and my expenses are going up, and I pay my own expenses big-time," one driver told on Monday, April 17.
Travellers can expect to pay more for gasoline this summer as oil prices appear to be set to rise and stay high.
The rising costs are a reflection of growing demand in the summer.
While demand goes up in the summertime because we all drive more, demand is substantially less in the wintertime when the days are short and it's cold and we don't want to be out.
And so the industry suffers, on average, low profit margins during the fall-winter months. In the summertime is when they have the opportunity, if you wish, to increase that price.
Gasoline prices have been rising in recent weeks.
GasPricesInOttawa.com reported an average pump price of 103.6 cents per litre today.
In Vancouver, the average was about 109.3, and in Montreal it was about 107.4 cents, while in Calgary it was 96.2 and Toronto it was 102.2.
Motorists in Labrador City are paying 119.2 cents per litre while in Lethbridge, Alta. gas prices averaged only 93.8.
One small break could come in the federal budget if the Conservatives cut the GST by one point. That could save motorists about 30 to 40 cents on every tank of gas.
posted by Ottawa Gas Prices | 12:02 PM
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