Montreal’s gas prices are officially more than twice as high as they were only two years ago.
The average price of a litre of regular gasoline in the Montreal area hovered around 1.84 cents on Friday. Those who fill up their vehicles with premium gas had to pay more than two dollars a litre.
- You might also like:
- Pain at the pump: These are the highest gas prices in Canada today
- Ukrainian cultural assets, historical sites that have been destroyed by Russian forces
- Gas prices hit $2 per litre in Vancouver, breaking all-time high in Canada
Just 24 months ago, one could easily find gas in the city for below 90 cents a litre.
The following graph shows the progression of average prices at Montreal’s petrol pumps.
Montrealers were not alone in their fill-up sorrow. According to the latest daily pump price survey from Kent Group, the average price for fuel in Canada sits at $1.762 per litre on Friday, March 4, 2022.
Nobody had it worse than Vancouver, as gas prices officially crossed the $2-per-litre threshold at many stations in Western Canada Friday morning, setting a new nation-wide record.
People have been quick to point to the ongoing Russia-Ukraine conflict as a source for the vast increase. And experts agree that it is certainly a contributing factor.
— Duke (@LumiereCentrale) March 4, 2022
Vijay Muralidharan, director of consulting at Kalibrate & Kent Group in Calgary, says the cost of fuel has skyrocketed thanks to both an increase in demand in the post-COVID era and the invasion of Ukraine by Russia.
“It’s about 18 to 20 cents higher a litre because of the war in Ukraine,” said Muralidharan.
“You have a scare with Russia’s oil output, it freaks out the market at the sure thought at the risk, it creates uncertainty. It’s 100% due to the Russia/Ukraine conflict. There’s no explanation beyond that.”
With files from Laine Mitchell