The ongoing conflict in Ukraine continues to drive up the price of gasoline at the pump, pushing it very close to the symbolic bar of $2 per liter, and it should have an effect on the price of plane tickets soon.
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In several gas stations in Greater Montreal, the price of regular gasoline jumped once more, reaching $1.959 per liter in some service stations on Sunday.
In less than a week, a liter of gasoline jumped 20 cents in the metropolitan area, while it was still possible to fill up for less than $1.75 a liter last Monday.
Citizens of Quebec, meanwhile, seemed to be doing better, as the price fluctuated around $1.839 per liter on Sunday.
On Friday, CAA-Quebec expected the realistic price at the pump to be $1.848/liter in Montreal and $1.837/liter in Quebec.
The rise is likely to get worse if the conflict between Ukraine and Russia persists, believe many experts.
For some Quebecers interviewed by TVA Nouvelles on Sunday, this increase was possible because of the situation, but for others, this price spike is causing a hole in their wallet.
“It’s really difficult,” said a Montrealer met at the pump, who claims to have gone from $150 to $300 in fuel per week.
Impacts on the price of plane tickets
Soaring gasoline prices will also have an impact on the expenses of travelers who will have to pay more for their plane tickets.
“All the instability and insecurity are reflected in the prices of kerosene for planes, and therefore of plane tickets,” explained Mehran Ebrahimi, professor at the School of Management Sciences at the University of Quebec in Montreal (UQAM).
Remember that this happens very badly for air carriers who are trying with difficulty and misery to resume service following a pandemic that has been very hard on their wallets.
Even if the gasoline distributed to Quebecers in gas stations was purchased a year ago, prices are rising to prevent risks, underlined Mr. Ebrahimi.
