Gas Prices Soaring: Brace for Record Pain

0:00Toronto drivers get ready for a hit at the pumps tomorrow. Gas prices across the greater Toronto area are jumping 8 cents per liter, pushing the average to 189.9 cents by Friday morning. This spike ties straight to a global oil crunch with damage hitting infrastructure from Qatar to Saudi Arabia, Kuwait, Iraq, and Iran. It's bigger than just a straight up from Moose blockade supplies tight worldwide after stalled U.S. Iran talks. Brent crude shot passed 126 U.S. dollars per barrel overnight, the highest since March 2022. Experts like Dan McTeeh from Canadians for affordable energy say we're fundamentally short on oil. He predicts prices could blast past the old high of 215.9 cents from June 2022, especially with May long weekend, and summer road trips ramping up demand. A tiny Tucson drop hits Saturday, but don't count on much relief. Global chains are shaky, Middle East tensions linger, so buckle up for potential. Record pump pain this summer.

1:04That wraps Canada news today, brought to you with AI. I'm Cory with the story.