Rise in gas prices in Montreal
Motorists who wanted to wait until Wednesday to refuel had an unpleasant surprise: the price of a liter of gasoline rose by around eight cents at the majority of service stations, rising to almost 1, $77 per liter on average. This significant increase is due to the mandatory replacement of winter gasoline with more expensive summer gasoline by oil companies scheduled for May 1.
In addition to gasoline substitution, oil production in the Organization of the Petroleum Exporting Countries (OPEC) countries fell significantly in early April, which also contributed to the rise in oil prices. the pump. This drop in production puts pressure on the market, which is in a “moment of great economic uncertainty” due to the slowdown in global industrial production, according to an April 2023 report by the International Energy Agency. .
According to the Essence Montreal website, several gas stations were still offering below-average prices this morning. This is particularly the case for the Esso in L’Île-des-Sœurs, which offered motorists gasoline at $1.68 per liter at 7:30 a.m. The Costco in Verdun, located on Bridge Street, would also offer gasoline at a price of around $1.60 per liter according to CTV News. In the West Island, the cost of gasoline at the Ultramar on Des Sources Boulevard in Dollard-des-Ormeaux was $1.76 per liter at 8 a.m.
This situation is reminiscent of the spike in gasoline prices that followed Russia’s invasion of Ukraine in February 2022. In March, the liter of gasoline cost about $2.
