Gas prices on the way up again
The shock of Wednesday’s $0.10 increase is expected to carry over to Thursday, according to Dan McTeague, president of Canadians for Affordable Energy.
“Over two months since we've seen prices pushing up towards $1.68.9 which is what you're going to see at a lot of stations this time tomorrow,” said McTeague who adds this is the highest we’ve paid at the pump since Aug. 4.
McTeague says the increase has nothing to do with the upcoming long weekend. He points to today’s announcement by OPEC to cut oil production by two million barrels a day as a contributing factor.
He says a major deficit would normally be met by an increase in supply by North American governments.
“Unfortunately you don't have pipelines. You don't have the infrastructure,” McTeague said. “We have an attitude of divestment towards the oil and gas sector on a scale that is frankly incomprehensible.”
And that attitude is causing grief. People are cutting back while others cancel gas guzzling trips. “We wanna keep our costs in line,” said Kevin Kalaydjian, owner of Capri Pizzeria who is feeling the pinch in more ways than one.
“The suppliers (are)putting fuel surcharges on our bills and then now the gas prices for our drivers and just frankly for us too, picking up product or just driving home. It's tough.”
Sandra Crabb, who was in town to visit family, is paying more to fill her tank for the return trip home to Newcastle, Ont.
“Am I upset? Definitely,” said Crabb. “The prices are, it's outrageous. I have no idea why prices are going up like this. There's no reason for this.”
The price hike has far reaching impacts in our community, especially sectors that rely on volunteer drivers.
“A lot of our volunteers are calling in saying they can't make it anymore because of the gas prices. For them that makes a difference for their budget,” said Ali Bazzi who is food rescue manager for the UHC Hub of Opportunities. “The cost will hurt our operation.”
Marina Vadori used to visit the UHC Hub multiple times a week to supply the food bank at Immaculate Heart Parish. Those trips have been cut to one visit per week.
“We used to have home delivery. All by volunteers. They're not paid. We don't pay for the gas. We've stopped that as of October 1st,” said Vadori. “Fixed budget. You can't stop going places but you have to coordinate where you go.”
CTVNews.ca Top Stories
Canada outlines national action plan to fight auto theft
The federal government is launching what it calls its 'national action plan' to combat auto thefts, which will include stronger penalties for thieves, and increased information sharing between police agencies, government officials and border enforcement.
U.S. Supreme Court rejects appeal from former Guantanamo detainee Omar Khadr
The U.S. Supreme Court on Monday rejected an appeal by a Canadian-born former Guantanamo detainee who was seeking to wipe away his war crimes convictions, including for killing a U.S. soldier in Afghanistan.
What is BORG drinking, and why is it a dangerous trend? An expert explains
If you've been to a party lately and haven't seen someone drinking a BORG, you're likely not partying with college students.
Iran's president and foreign minister die in helicopter crash at moment of high tensions in Mideast
Iranian President Ebrahim Raisi and the country's foreign minister were found dead Monday hours after their helicopter crashed in fog, leaving the Islamic Republic without two key leaders as extraordinary tensions grip the wider Middle East.
Michael Cohen says he stole from Trump's company as defence presses key hush money trial witness
Michael Cohen testified Monday that he stole tens of thousands of dollars from his ex-boss Donald Trump’s company, an admission defence lawyers hope to use to undermine Cohen’s credibility.
The world's best airline is paying staff a bonus of 8 months' salary
Singapore Airlines will reward its employees with a bonus worth nearly eight months of salary, a person familiar with the matter told CNN on Friday.
Woman, 35, in critical condition after her truck collided with a Via Rail train near Montreal
A 35-year-old woman is in critical condition after the pick-up truck she was driving was struck by a Via Rail passenger train Monday morning in Quebec's Monteregie region.
Canucks' Brock Boeser out for decisive Game 7 vs. Oilers: coach
Canucks star Brock Boeser will miss Game 7 of Vancouver's second-round playoff series Monday against the Edmonton Oilers, according to reports.
Investors watching posts from 'Crypto King' in the wake of fraud, money laundering charges
Former investors of the self-styled “Crypto King” say they are watching his social media accounts and worried his displays of wealth are signs he’s spending their money, even now, as another large expense tied to Aiden Pleterski has triggered a previously unreported lawsuit.