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Will gas prices ever go down? Why Canada is likely to set ‘new records’ at the pumps
gasoline prices more often.It’s a fact that is impacting every motorist across the country — the price for regular gasoline is at highs never seen before. Gas prices top $2 per litre in Montreal, up about 65 cents in 1 year They’ve been increasing since late last year, Statistics Canada data shows, and a significant drop might not come for a while, said Patrick De Haan, head of petroleum analysis at GasBuddy.com.“We are at all-time record highs across Canada in many areas,” he told Global News.“Unfortunately, we continue to set new records almost every day as we make the transition to summer gasoline across Canada, and as we see oil prices continue to go up as a result of the Russian invasion of Ukraine and escalations in that situation.”At this time last year, the average price in Canada for regular fuel was $1.31 a litre, Statistics Canada data shows.