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Gas prices soar in Winnipeg and expected to rise even further next year – Winnipeg

In case you held off on getting some fuel over the previous few days, you could be paying for it now.

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The typical worth in Winnipeg soared by six cents to $1.37 per litre Tuesday, although some stations nonetheless have common gasoline for as little as $1.31.

“What we’re actually seeing right here is the impact of a pandemic coming to an finish,” Dan McTeague, President of Canadians for Reasonably priced Power stated. “And a super-charged financial system through which pent-up demand needs to be met and to do this requires much more fossil fuels, not much less.

McTeague says that is related to the worth of oil.

“And never simply any oil, however our personal Western Canadian Choose, which has moved up from about $70 a barrel to $82 a barrel. That has morphed right into a slightly huge enhance in costs.”

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He says we might be in for the lengthy haul with these inflated costs and expects them to go up even additional into 2022, as there’s seemingly no finish in sight for the rise in demand – as provide struggles are projected to proceed.

“I don’t see a lot in the way in which of any reprieve. We’d see costs transfer again a bit within the mid-$1.30’s, however there’s a higher chance we’re going to begin to see gasoline head lots nearer to $1.50 a litre.”

 




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https://globalnews.ca/information/8246425/gas-prices-soar-in-winnipeg-and-expected-to-rise-even-further-next-year/ | Fuel costs soar in Winnipeg and anticipated to rise even additional subsequent 12 months – Winnipeg

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