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Feeling sticker shock at the gas pump? Here is why

Author: External Author | | Categories: Oil Well Optimization , Oilfield Services


If you've noticed gas prices on the rise, you aren't alone: Statistics Canada says gasoline prices rose 6.5 per cent in February compared with January, marking the third month in a row of climbing prices at the pump.

Douglas Porter, chief economist at BMO Capital Markets, wrote in a research note on Wednesday that gas prices are “poised to really pop” going forward, based on a weekly reading showing pump prices up 44 per cent from a year ago.

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Original Article Source Credits:   Ottawa Business Journal , https://obj.ca/

Article Written By:  The Canadian Press

Original Article Posted on:  Mar 17, 2021

Link to Original Article:  https://obj.ca/article/canada-world/feeling-sticker-shock-gas-pump-heres-why