Parents of infant who died in wrong-way crash on Ontario's Hwy. 401 were in same vehicle
Ontario’s Special Investigations Unit has released new details about a wrong-way collision in Whitby on Monday night that claimed the lives of four people.
Canadians should prepare themselves for an expensive summer at the pumps as the price of oil continues to skyrocket, with one analyst warning that a $2 per litre price tag may become a common occurrence in many regions.
The warning comes after months of record-high price fluctuations driven by post-pandemic demand for fuel and a decrease in supply, and compounded further by sanctions on Russian oil handed down in March.
And while Canadians may have grown used to volatile price swings over the last few months, analysts say Easter weekend price jumps are setting the stage for an even more unpredictable summer market.
Gas prices per litre in the Greater Toronto Area (GTA), for example, are set to soar Saturday, jumping from an average of 173.9 cents to 185.9 cents at most gas stations—representing a spike of 23 cents in just 72 hours.
“Twenty-three cents per litre increase in the last 72 hours… that’s a rate that I’ve never seen before, it’s unprecedented and it does not bode very well for the summer,” Dan McTeague, president of Canadians for Affordable Energy, told CP24 Friday.
McTeague says the jump is due, in part, to the switch from winter to summer gasoline—a yearly event that typically drives prices up.
Winter gasoline uses butane, which is cheaper to produce and ignite engines more quickly in colder temperatures. Summer blends, on the other hand, use alkylates, materials more often found in premium gas.
This switch usually costs consumers five to eight cents more per litre.
“The kind of gasoline you get tends to change from April 15 to September 15. It’s been around for the past 30 years. There’s always a seven or eight-cent premium attached to that,” explained McTeague, noting that regions like the GTA will likely see an average of $1.80 to $1.90 at the pumps over the summer months.
“We will see, mark my words, $2 a litre on several days throughout the summer this year.”
McTeague says that many factors are compounding the price at the pumps, from a weak Canadian dollar and less investment in traditional fuel sources.
But he warns that summer prices could be driven even higher should there be any other disruptions to fuel production or distribution globally, such as a hurricane or pipeline disruptions.
“We’re into a new era,” he said. “The Canadian dollar is not responding to higher oil prices, a function of the fact that we’re not building pipelines to markets that desperately need Canadian oil and we have tax upon tax that has been heaped on… all of these things are contributing to make a bad situation worse.”
This story has been updated to display Saturday's expected gas price hike in the Greater Toronto Area in cents per litre.
Ontario’s Special Investigations Unit has released new details about a wrong-way collision in Whitby on Monday night that claimed the lives of four people.
Three men in Quebec from the same family have fathered more than 600 children.
A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.
A spike in impaired driving-related collisions has caused Ontario’s provincial police to begin enforcing mandatory alcohol screening (MAS) at all traffic stops in the Greater Toronto Area -- a move one civil rights group says is ‘not acceptable.’
William Nylander scored twice and Joseph Woll made 22 saves as the Toronto Maple Leafs downed the Boston Bruins 2-1 on Thursday to force Game 7 in their first-round series.
Jurors in the hush money trial of Donald Trump heard a recording Thursday of him discussing with his then-lawyer and personal fixer a plan to purchase the silence of a Playboy model who has said she had an affair with the former president.
Staff at a small southern Alberta office supply store were shocked to find someone had broken into the business last week, but they were even more confused when they discovered the culprit was a bear.
A federal judge on Thursday sentenced a scuba dive boat captain to four years in custody and three years supervised release for criminal negligence after 34 people died in a fire aboard the vessel.
Fake text message and email campaigns trying to get money and information out of unsuspecting Canadian taxpayers have started circulating, just months after the federal government rebranded the carbon tax rebate the Canada Carbon Rebate.
Three men in Quebec from the same family have fathered more than 600 children.
A group of SaskPower workers recently received special recognition at the legislature – for their efforts in repairing one of Saskatchewan's largest power plants after it was knocked offline for months following a serious flood last summer.
A police officer on Montreal's South Shore anonymously donated a kidney that wound up drastically changing the life of a schoolteacher living on dialysis.
Since 1932, Montreal's Henri Henri has been filled to the brim with every possible kind of hat, from newsboy caps to feathered fedoras.
Police in Oak Bay, B.C., had to close a stretch of road Sunday to help an elephant seal named Emerson get safely back into the water.
Out of more than 9,000 entries from over 2,000 breweries in 50 countries, a handful of B.C. brews landed on the podium at the World Beer Cup this week.
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.
The lawyer for a residential school survivor leading a proposed class-action defamation lawsuit against the Catholic Church over residential schools says the court action is a last resort.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.