Average gas prices have hit $2 a litre. Here’s how Canadians are coping with soaring costs at the pump [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
With gas prices recently soaring past $2 per litre in much of the country, Canadians are feeling the pinch. Oil and gasoline prices have been on the rise much of this year, particularly since the Russian invasion of Ukraine in late February. Even as oil prices recently levelled off somewhat, gas prices continued to shoot up in recent weeks because of surging demand for gasoline, jet fuel and diesel in the pandemic recovery, outpacing refineries’ abilities to keep up. Gas prices pulled back Friday just ahead of the long weekend, but remain near all-time highs. In previous gas-price run-ups, motorists would grumble but not change driving and spending habits much. This time around, the $2 mark is serving as a pain point for many, forcing them to adjust their driving and spending in a number of ways amid a broader surge in inflation. Many are driving less, cancelling trips, or strategically planning their mobility, while others are cutting back on general discretionary spending to offset
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Earnings
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AMZN
Sec Filings
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