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Record high gas prices in Winnipeg expected to keep rising

Record high gas prices in Winnipeg expected to keep rising

CTV
Friday, March 04, 2022 02:09:41 AM UTC

Price jumps at the pumps are shocking some Winnipeggers who were fuelling up their vehicles on Thursday. But the price hike does not just impact vehicle owners.

Price jumps at the pumps are shocking some Winnipeggers who were fuelling up their vehicles on Thursday.

“Why is this happening? And when will it go down?” said Mehdi Abbas, a student who recently purchased a new car.

Gas prices in Winnipeg already reached a record-setting price of 159.9 cents per litre of gas on Wednesday. Mere hours later, Manitobans woke up to gas prices of 163.9 on Thursday.

Given the rapid hike in price, Abbas is slightly regretting buying his new vehicle.

“I have a smaller car but people with families? I can’t even imagine, with a bigger car that takes up more gas, I can’t even imagine how it must be for them,” he said.

Oil and gas prices have been steadily rising in recent weeks, says Roger McKnight, chief petroleum analyst at En-Pro International.

Global supplies of crude oil have been limited and demand for gasoline and jet fuel started creeping up as pandemic restrictions were loosened around the world.

Read full story on CTV
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