Gas prices could reach $2 per litre in parts of Canada next year, analyst says

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The price of gas appears to be on a trajectory to approach $2 per litre in some parts of Canada within the next 13 months, according to Canadians for Affordable Energy president Dan McTeague.

A combination of rising oil prices, the state of the Canadian dollar, provincial taxes and the federal government's Clean Fuel Standard (CFS), which comes into effect Dec. 1, 2022, could result in gas stations advertising prices higher than a toonie, he said.

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Original Article Source Credits:   CTV News ,

Article Written By:  Anthony Vasquez-Peddie

Original Article Posted on:  Oct. 30, 2021

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