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Gas exceeds $2 per litre across Canada

Thomas Lambert

May 17, 2022

Under Justin Trudeau, gas prices have soared to over $2 per litre across Canada for the first time in history — and there’s no indication the rise in prices is slowing down.

As of May 16, gas in Canada now costs $2.06 per litre (up 70 per cent from January 2021), while Diesel has skyrocketed to $2.27 per litre (up 55.8 per cent from May 2021), Natural Resources Canada reports.

This record-breaking high follows last month’s record-breaking high of $1.97 per litre set last week, which was 30 cents higher than the high set in mid-April when Trudeau jacked the carbon tax up by 25 per cent.

Notably, April 1, the day of the carbon tax hike, was also the day that Trudeau gave himself a raise of $21,604 to his already bloated salary.

The price of furnace oil, which is used to heat people’s homes, has similarly risen from $1.17 to $2.30 in a single year, while auto propane has increased from $0.90 to $1.28.

Of all the provinces, gas prices in Alberta’s major cities remain the cheapest. This is likely due to Premier Jason Kenney introducing a policy that slashes the provincial tax on gas whenever gasoline prices exceed $90 per barrel.

As it stands, gas in Calgary is approximately $1.71 per litre, while gas in Toronto is roughly $2.08 per litre and gas in Victoria, BC, is a staggering $2.32.9 per litre.

This is, of course, not sustainable or affordable, and many Canadians are undoubtedly devastated. But the worst is still to come, says the gas prediction website Gaswizard.ca, which predicts prices to rise above $2.10 per litre in Ontario over the long weekend.

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