Close X
Thursday, November 28, 2024
ADVT 
National

No relief at the pumps with gas hitting the $2 mark

Darpan News Desk The Canadian Press, 04 Mar, 2022 02:26 PM
  • No relief at the pumps with gas hitting the $2 mark

Gas prices have hit two-dollars a litre in Vancouver but analysts warn they could go even higher following Russia's invasion of Ukraine.

A petroleum analyst at gas price information website Gasbuddy.com predicts much of Canada will see prices rise by another five to 15 cents a litre over the next one to two weeks.

Patrick de Haan says that's because sanctions imposed over the invasion of Ukraine are putting a chokehold on oil exports from Russia, which churns out about 10 per cent of global supply.

U-B-C business professor Werner Antweiler says surging transportation costs for imported foods and goods are also being passed on to consumers — a double-whammy on top of already surging inflation. 

Photo courtesy of IStock. 

MORE National ARTICLES

Canadian military's limits tested in Russia crisis

Canadian military's limits tested in Russia crisis
Prime Minister Justin Trudeau announced on Tuesday that Canada will deploy an additional 460 Canadian troops to help NATO in its standoff with Russia, including an artillery unit, a naval frigate and a surveillance aircraft.

Canadian military's limits tested in Russia crisis

Office tower planned for Vancouver Bay building

Office tower planned for Vancouver Bay building
Hudson's Bay Co. and its partner RioCan Real Estate Trust announced the plans Wednesday, saying the Bay store will remain at the site downtown along with other retail businesses as part of the redevelopment.

Office tower planned for Vancouver Bay building

Experts react to expanding BC Wildfire Service

Experts react to expanding BC Wildfire Service
A fire ecologist says new provincial funding to expand the BC Wildfire Service to a year-round endeavour is a welcome step toward preventing disasters, while others in the field say the funds could be better spent elsewhere.

Experts react to expanding BC Wildfire Service

NDP asks Liberals to drop EI mat leave appeal

NDP asks Liberals to drop EI mat leave appeal
In his letter to Employment Minister Carla Qualtrough, NDP critic Daniel Blaikie says an appeal of the tribunal ruling would only prolong access to justice for new parents who lose their jobs.

NDP asks Liberals to drop EI mat leave appeal

Kamloops, B.C., child honoured for brave act

Kamloops, B.C., child honoured for brave act
A post on the City of Kamloops Facebook page says Jane Deelstra received a certificate from Kamloops RCMP Supt. Syd Lecky on Tuesday, recognizing her "great bravery and perseverance."

Kamloops, B.C., child honoured for brave act

Ottawa mulls closing street in front of Parliament

Ottawa mulls closing street in front of Parliament
Downtown Ottawa Coun. Catherine McKenney has floated the idea of working with federal officials and the community to close Wellington Street, which runs directly along Parliament Hill, to all vehicles except public transit, pedestrians and cyclists.    

Ottawa mulls closing street in front of Parliament