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Gas Prices Could Hit $2.00 A Litre In A Few Weeks

May 5, 2022 | 7:09 AM

Drivers in Prescott-Russell are paying record prices and prices are set to rise even more by the weekend.

 

Gas prices increased four cents a litre at stations across the region Wednesday morning to an average of 190.9 cents a litre.

 

President for Canadians For Affordable Energy Dan McTeague says prices are expected to drop one cent a litre today before increasing a nickel on Friday.

 

He says price could rise to $2.00 a litre by the May Long Weekend.

 

McTeague says the European Union’s decision to ban the purchase of Russian oil by the end of the year and China eventually lifting lockdowns will drive up the price of oil by $10.00 a barrel, increasing the cost of gasoline.

 

McTeague says there’s no relief in sight for motorists.

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