Inflation has increased, according to Statistics Canada, and gas prices are at least partly to blame. Here's why gas could be costing Canadians more over the next few months.

Gas prices are expected to reach an annual high this summer across Canada and into fall, with more than one factor causing the increase, experts say.

  • Efwis@lemmy.zipEnglish
    29·
    1 year ago

    I remember seeing an article stating that the oil companies here in the US won’t lower prices because they fear losing investors. That is their reasoning for the high prices.

    What is sad is the cost per barrel is the same as it was back in the 80’s and 90’s where we were paying $1.89 per gallon.

    Talk about fleecing the consumer. The only people surviving at these prices are the producers and investors.