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newsMar 23, 20261:10

Montreal Gas Prices Soar Past $2/Liter

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Montreal gas prices soar past $2.30/liter, as global oil costs surge due to Middle East conflict, leaving drivers grappling with record highs and reconsidering travel plans.

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Montreal Gas Prices Soar Past $2/Liter

Canada News Today | 2 Min News | The Daily News Now!

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Full transcript

Canada News Today | 2 Min News | The Daily News Now!Montreal Gas Prices Soar Past $2/Liter. Machine-transcribed; use the interactive transcript above to jump the player to any line.

It's March 23rd, from your city to your ears. This is Canada News today, powered by AI. I'm Corey with the story. Gas prices in Montreal have surged past the $2 per liter mark this weekend, hitting as high as $2.34 on Sunday. This spike comes as the war in the Middle East, drags into its fourth week, driving up global oil costs. Across Canada, the average set at $1.72 per liter on Sunday, according to the CAA. That's 8 cents higher than the week before, and 40 cents more than last month. Montreal drivers are feeling the pinch at the pumps, shelling out more just to get around the city. With everyday commutes adding up, many are rethinking their travel plans amid these record highs. Oil markets have been volatile, with Brent Crew jumping from around $70 per barrel before the conflict to a peak of $119.50 last week. It closed Friday at $112.19, while US Crew ended at $98.32.

Tensions remain high after attacks on energy sites in the Gulf, and prices could climb further as the situation unfolds.

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