Canadians can expect to shell out more money for gasoline in the coming days, an analyst warns, as the conflict between Ukraine and Russia increases pressure on the oil sector.
© Ben Nelms/CBC
Canadians can expect to pay more at the pump.
Gasoline prices across the country could rise by five cents a liter over the weekend, estimates En-Pro International’s chief oil analyst, Roger McKnight.
A rise in demand coupled with a shortage has caused oil prices to rise in recent weeks, leading to an increase in gasoline prices.
In the Vancouver area on Saturday afternoon, the price at the pump did not drop lower than $1.759 per liter, according to the application GasBuddy, which lists prices at the pump. In regional Victoria, prices are a bit lower, at a minimum of $1,719 per litre.
The war between Russia and Ukraine is not helping the situation and Roger McKnight believes that an intervention by the United States to reduce the pressure on the price of oil could make matters worse.
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Valentine’s Day chocolates from a Liberal MP that don’t pass
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The Legault government has violated the ethics of the National Assembly
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Police intervention ‘imminent’ during the debate on emergency measures
Police ‘imminent’ during emergency measures debate As a debate over the use of the Canada Emergencies Act raged inside the Parliament Building, now protected by high fences, the Ottawa police are preparing for “imminent action” to dislodge the “freedom convoy” from the federal capital, with the support of agents from the Sûreté du Québec sent as reinforcements. “In the last few days, we contacted the illegal protesters. We told them to leave, and we warned them of the consequences of disobeying the rules,” said alternate Ottawa police chief Steve Bell. A secure perimeter has been erected in the city center, with a hundred checkpoints where the police will only allow residents, workers or those who have legitimate reasons to go to the city center to pass. In their own way, the truckers who have been occupying the streets of Ottawa since January 28 have indicated that they will not move from there, despite a second notice distributed by the police making very clear the threat to tow their vehicle. Inside the Parliament Building, federal MPs have begun a debate set to continue every night until midnight, even Saturday and Sunday, for a vote Monday at 8 p.m. on the motion that is to seal the fate emergency measures. A similar debate will be held in the Senate from Monday. The state of emergency, which already applies, will be lifted if the motion is defeated by one of the two Houses. “Today, I call on all members of this House to take action against the illegal blockades that are hurting Canadians.” —Prime Minister Justin Trudeau in his opening speech to the debate, launched Thursday morning. “This is a historic and extremely disappointing moment,” said interim opposition leader Candice Bergen, who opposed the motion. The leader of the Bloc Québécois, Yves-François Blanchet, also against the motion, recalled the “trauma” of Quebecers after the use during the October crisis in 1970 of the War Measures Act, the ancestor of the Emergency Measures Act. NDP MP Alexandre Boulerice pointed out that the two laws are very different. Its leader, Jagmeet Singh, whose party supports the invocation of emergency measures, assures that he will withdraw his support if the powers of this law are abused.
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[L’Organisation des pays exportateurs de pétrole] it’s really saudi arabia and russia together and if president Biden pressures saudi arabia to add more crude oil into the system to bring the price down that may irritate russia even more and he might stop completely export“, he explains.
John Horgan urges British Columbians to be patient
At a news conference on Friday, Premier John Horgan asked British Columbians to be patient amid the disruption in the nationwide oil market. It will be a difficult summer“, did he declare.
He recalls that price fluctuations at the pump are subject to British Columbia Public Utilities Commission since October 2020 and that no unjustified increase will be accepted.
British Columbians can be reassured that there is now a watchdog to ensure that we are not being ripped off and that if prices go up there is a justifiable reasonhe says.
However, the Prime Minister did not announce any measures to limit the rise in the price of gasoline or the establishment of a ceiling for the price at the pump. Instead, he recommends that citizens who live in urban centers take advantage of public transit.