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Feeling sticker shock at the gas pump? Here s why

by Anita Balakrishnan, The Canadian Press Posted Mar 17, 2021 2:47 pm ADT Last Updated Mar 17, 2021 at 2:55 pm ADT TORONTO If you’ve noticed gas prices on the rise, you aren’t alone: Statistics Canada says gasoline prices rose 6.5 per cent in February compared with January, marking the third month in a row of climbing prices at the pump. Douglas Porter, chief economist at BMO Capital Markets, wrote in a research note on Wednesday that gas prices are “poised to really pop” going forward, based on a weekly reading showing pump prices up 44 per cent from a year ago. Here are a few reasons why you may be feeling sticker shock:

Feeling sticker shock at the gas pump? Here s why | Energeticcity ca - Local news from Northeast B C

Mar 17, 2021 10:47 AM TORONTO If you’ve noticed gas prices on the rise, you aren’t alone: Statistics Canada says gasoline prices rose 6.5 per cent in February compared with January, marking the third month in a row of climbing prices at the pump. Douglas Porter, chief economist at BMO Capital Markets, wrote in a research note on Wednesday that gas prices are “poised to really pop” going forward, based on a weekly reading showing pump prices up 44 per cent from a year ago. Here are a few reasons why you may be feeling sticker shock: 1. Today’s prices are a contrast from pandemic lows

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