EDMONTON – As oil prices reach a seven-year high, analysts say Canadians should brace for skyrocketing prices at the pumps this week as the global economy begins to rebound from a pandemic lull.
In Winnipeg, fuel prices soared 10 cents overnight to $1.429 cents per litre, up from the average of $1.335 cents per litre – a price that hasn’t been seen in nearly 13 years. Drivers in Toronto, meanwhile, have been told to brace for prices as high as $1.44 cents per litre by Thursday, adding to already inflated prices.
The price at the pumps is expected to jump by another cent or two across the country over the coming days, hitting historic highs just in time for the Thanksgiving weekend, thanks to increased demand and undersupply of oil globally.
Read full story here: Canadians To Pay Significantly More At The Pumps Thanks To Surging Oil Prices | CTV News
