'A new era': Canadians should brace for steep summer gas prices, analyst warns

Author: External Author | | Categories: Gas Well Optimization , Oilfield Service Company , Wireline Company , Wireline Services

Canadians should prepare themselves for an expensive summer at the pumps as the price of oil continues to skyrocket, with one analyst warning that a $2 per litre price tag may become a common occurrence in many regions.

The warning comes after months of record-high price fluctuations driven by post-pandemic demand for fuel and a decrease in supply, and compounded further by sanctions on Russian oil handed down in March.

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Original Article Source Credits:   CTV news , https://www.ctvnews.ca/

Article Written By:  Nicole Bogart

Original Article Posted on:  April 16, 2022

Link to Original Article:  https://www.ctvnews.ca/business/a-new-era-canadians-should-brace-for-steep-summer-gas-prices-analyst-warns-1.5863771