Canadian Gas Prices Soar: What Drivers Need to Know

0:00It's March 23, I'm Cory with the story, and this is Canada News Today, your AI-powered local news. Motorists across Canada are bracing for a rough spring as gas prices surge nationwide. In the greater Toronto area, averages have climbed from $1.37 per liter in late February to $1.78. This week, with experts warning $2.00 per liter, could hit soon. Despite ties directly to escalating tensions in the Middle East, conflicts there have triggered blockades and drone attacks on oil tankers in the Strait of Hormuz, a critical waterway handling 5% of global. Oil shipments Drivers are hitting the brakes on their budgets, as diesel prices pull even further ahead of regular gas. The region has not seen levels this high since last April, when Ontario averages topped $1.79 per liter. Its blame on mix of factors, including environmental regulations that add up to $0.37 per liter

1:00before crew costs, plus a weaker, Canadian dollar. A mid-April switch to summer fuel blends will likely pile on another 10 cents. As international standoffs drag on, with no easy fix, relief at the pumps remains out of reach for Canadian drivers this season.