Gas prices jump 20¢ per litre in Thompson-Okanagan
The price of gas at Kamloops and Kelowna pumps is pushing towards $2 per litre today, March 8.
Most stations in Kelowna were selling gas for $1.95.9 at 7 a.m., according to GasBuddy.com, but the Esso on Harvey Avenue was listed at $1.96.9. Yesterday, most stations were selling for $1.76.9. Costco in Kelowna was posted at $1.70.9 today.
In Kamloops, most stations were selling gas either at $1.75.9 or $1.95.9 with Costco at $1.71.9. Yesterday’s prices couldn’t be checked by iNFOnews.ca because the GasBuddy.com site crashed.
Vernon and Penticton stations were still cheaper, with most being at $1.88.9 today, although some in Penticton were showing $1.95.9.
Vancouver prices were still at $2.09.9, the same as yesterday.
Victoria was at $2.08.9, Toronto was $1.84.9 and Halifax $1.86.9 today.
Calgary prices were lower, at $1.67.9. Premier Jason Kenney has promised to temporarily remove the 13-cent per litre provincial fuel tax in Alberta but that doesn’t come into effect until April 1.
READ MORE: Alberta to reduce gasoline tax, offer $150 rebate on electricity bills
The rapidly increasing price of gas comes as a result of the Russian invasion of Ukraine. At this point, there has been no ban on Russian oil imports into the U.S. or Canada but it’s expected U.S. President Joe Biden will be imposing such a ban shortly.
Russia produces roughly 10% of the world’s oil.
READ MORE: Oil prices climb again as US prepares to ban Russian crude
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