Gas in Canada could reach $1.65 per litre in 2022: Expert

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Gas prices in Canada are expected to hit $1.65 per litre in the new year, according to one expert.

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“The price is going to be a lot higher than they are now,” said Dan McTeague, president, Canadians for Affordable Energy.

Currently, the price at the pumps is hovering at about $1.40.

“By the end of February to June there will be a 25% increase,” said McTeague, who is known on Twitter as the @GasPriceWizard

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He says the problem is there is a lack of oil production to meet the demand.

“By 2024, all hell will break loose,” he said. “Economists are tip-toeing around and don’t want to talk about it.”

  1. A gas station in downtown Toronto, Ont. on Sunday Nov. 28, 2021.

    GTA gas prices to increase by three cents a litre on Thursday

  2. High gas prices in the GTA on Friday, Aug. 27, 2021.

    Gas prices spike significantly, highest in years

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