Jesus H. Chriist!

Gas prices in Canada jump 20 cents overnight

CTV.ca News Staff

Motorists pulling up to the pumps this morning may be wishing they filled up yesterday, after prices jumped overnight by as much as 20 cents a litre.

In Toronto, the price of gasoline at some stations was about $1.24 a litre. And in Montreal, gas prices hit $1.15 a litre.

On the West Coast, prices hit $1.21 per litre in Vancouver. Even in oil-rich Alberta, gas prices in Edmonton hit $1.24 a litre.

Michael Kane of Report on Business Television said the higher prices at the pumps could be felt elsewhere, such as supermarkets.

"It has an inflationary effect in that so much of what we eat, for example, is transported by truck," Kane told Canada AM on Wednesday.

Large companies that use trucks to transport food will pass along the higher cost of gas to consumers.

"In your grocery stores, pretty soon you'll start seeing signs going up around the vegetable section saying 'Due to recent weather problems, there are very few shipments of' whatever we get from the United States."

And that ripple effect they're talking about? Yeah, well I live in THUNDER BAY, groceries already cost more here because all of them need to be trucked in from so far away. Oh man, oh man, my budget is in teh trouble. Shit. Over a dollar for 4 CUPS worth of gasoline? I mean, the Americans are whining about it ~almost~ being 3 dollars -- but they sell it by the GALLON. Dude -- this isn't even our friggin war! I'm going to go and cry now.