Close X
Thursday, November 14, 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

Stabbing at a local Surrey high school leaves two teens injured

Stabbing at a local Surrey high school leaves two teens injured
Surrey RCMP say they responded to reports of a stabbing on the school grounds Tuesday afternoon. They say in a news release that teenagers were found with non-life-threatening injuries and taken to hospital.

Stabbing at a local Surrey high school leaves two teens injured

Tories end boycott of national security committee

Tories end boycott of national security committee
Interim Conservative leader Candice Bergen announced the reversal on Tuesday, saying she was writing to Prime Minister Justin Trudeau to have Tory MPs Michelle Rempel Garner and Rob Morrison appointed to the committee.

Tories end boycott of national security committee

US fires shot across Canada's bow over digital tax

US fires shot across Canada's bow over digital tax
Canada's proposal, which includes a three per cent tax worth $3.4 billion in revenue over five years, would only take effect in 2024 if those efforts don't come to pass.

US fires shot across Canada's bow over digital tax

2,103 COVID19 cases over 4 days

2,103 COVID19 cases over 4 days
There are 688 individuals hospitalized with COVID-19 and 108 are in intensive care. In the past 96 hours, 44 new deaths have been reported, for an overall total of 2,830.    

2,103 COVID19 cases over 4 days

Canada and the Russia-Ukraine conflict

Canada and the Russia-Ukraine conflict
Putin on Monday announced the deployment of Russian troops into two separatist regions on his country’s border with Ukraine, Donetsk and Luhansk. Both regions have already suffered eight years of war after Russia began providing weapons, ammunition and in some cases clandestine troops to separatist rebels in 2014. 

Canada and the Russia-Ukraine conflict

B.C. deficit forecast at $5.5 billion for 2022-23

B.C. deficit forecast at $5.5 billion for 2022-23
Finance Minister Selina Robinson said Tuesday a three-year climate fund will support ongoing disaster cleanup and rebuilding in southern B.C. communities hit by last November’s floods and mudslides.

B.C. deficit forecast at $5.5 billion for 2022-23