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Average price of gas in Canada tops $2 a litre for first time

Gasoline prices are showing no signs of letting up as the average price in Canada tops $2 a litre for the first time. Natural Resources Canada says the average price across the country for regular gasoline hit $2.06 per litre on Monday for an all-time high.

A sign at a gas station displays the price of a litre of regular grade gasoline after it reached a new high of $2.28 in Vancouver on May 14, 2022. THE CANADIAN PRESS/Darryl Dyck

From Pattie Lovett-Reid, Chief Financial Commentator

OPINION

OPINION | Pattie Lovett-Reid: Why is real estate so expensive in Canada?

Housing prices in Canada are still incredibly high and here is why – we are still dealing with a supply shortage in desirable locations, higher immigration levels have put pressure on demand, along with the strong desire for urban lifestyle living, especially in Toronto, Vancouver and Montreal, writes contributor Pattie Lovett-Reid.

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FILE - This Sept. 11, 2018, file photo, shows a marijuana plant at in the coastal mountain range of San Luis Obispo, Calif. New York Gov. Andrew Cuomo signed a bill Monday, July 29, 2019 that softens penalties for possessing small amounts of marijuana and allows for the expungement of some past convictions. (AP Photo/Richard Vogel, File)