Friday, April 01, 2011

Did you hear about the huge gas price increase in Ontario?!

Massive gas price increase overnight

by Staff

Brace yourself. Gas prices in Canada are set to shoot up dramatically tonight.

Gas is set to rise by an unprecedented 30 cents a litre, as world events drive prices up across the country.

Furnace oil and diesel are expected to follow suit, rising by 35 cents and 26 cents, respectively.

In light of the current global situation, Canadians are already feeling the pressure at the pump. And many have had enough.

"It's just ridiculous," says Matt Hennessey. "They can't honestly expect us to keep paying more whenever they decide to raise prices."

As bad as the situation sounds, experts worry things could quickly get much worse. Canadians could see everything from the cost of food to the cost of public transportation rise as a result.

"These prices may have been triggered by events beyond our control, but it's going to cause unrest in Canada," says Tom Schaefer, editor of The Petroleum Post. "I'm expecting protests, riots, and strongly worded letters to Parliament."

People in Canada, naturally, will look to the Tar Sands to help curb skyrocketing prices. Unfortunately, Canada lacks refinery capacity and is already at its peak for production.

"For now, people will just have to open up their wallets and pay these outrageous prices," says Schaefer. "I'm not happy about it either."

Click here to find out how much gas will cost in your city.