Fuel prices showed no signs of slowing on Tuesday, as the average price in Canada topped $ 2 per liter for the first time, boosting the appeal of getaway spots closer to home.
According to Natural Resources Canada, the average price of regular gasoline nationwide hit $ 2.06 per liter on Monday, an all-time high.
The average thus jumped 9 cents from the record $ 1.97 per liter set last week, and showed an increase of about 30 cents per liter since mid-April.
Prices averaged about $ 2.34 per liter in Vancouver on Monday, while in Toronto the average was about $ 2.09 per liter. In Edmonton, on the other hand, average prices are just under $ 1.69 per liter.
Fuel prices have been high since late February, when crude oil prices rose to about US $ 100 per barrel following Russia’s invasion of Ukraine. It reached more than US $ 110 per barrel last week.
Prices have also risen recently as the reopening of the economy and the start of a busy travel season has led to strong demand for fuel, which refiners have limited capacity to supply.
Canadians have less access
Because long road trips are more expensive, Canadians are considering more trips to regional destinations, as tourism operators double their presence in the domestic market.
Vancouver -based Discover Canada Tours has increased its day tour offers to British Columbia.
We are expanding into North Vancouver and the Lower Mainland. So for people who may have been here, we bring them even more. And then Vancouver, Victoria – these are tours we haven’t done beforeunderlined the head of marketing, Elyse Mailhot.
Beth Potter, head of the Tourism Industry Association of Canada, said some vacationers choose camping, hiking and bike tours, which allow them to stay close to home, because fuel costs and inflation are heavy.
These are activities that are less difficult for the budget, he explains. I mean, no one can go a day without commenting on gas prices.
The rise of diesel fuels the price of consumer goods
Rising diesel prices, which power most semi-trailer trucks and contribute to the value of consumer goods, are adding pressure on the portfolio.
The average diesel price rose to $ 2.27 per liter on Monday, a 54% increase from $ 1.47 per liter at the beginning of the year, according to Natural Resources Canada.
Canada remains the number one destination for Canadians in 2022, but more so than before the pandemic, observed the president of the Association of Canadian Travel Agencies, Wendy Paradis.
Although international bookings have also increased from the past two years – although still below their levels in 2019 – those who want to take a flight may think twice before moving too far from home. , due to cost.
This may be the year that Canadians actually plan to travel to CanadaMs. reasoning. Paradis, citing friends and family, as well as a lack of confidence in traveling abroad in case of a pandemic, as another major reason.
Ontario residents can take advantage of high fuel prices to vacation in the province and claim a new tax credit equal to 20% of eligible housing costs, up to $ 1,000 per person or $ 2000 for a family.
Source: Radio-Canada
