Record gas prices adding to costs for businesses

Record-breaking gas prices are the latest challenge for businesses that need to transport goods across our region. The cost per litre of regular gas hit $2.219 this week. That compares to $1.526 in December. The rapid increase is partly linked to global shortages caused by sanctions on Russian energy supplies after the invasion of Ukraine. However, supply issues existed before the war began and are expected to become more of a concern as demand for gas increases in the summer.

The sudden jump in gas prices has led to spirited debate in BC’s Legislature, and highlighted efforts to switch to alternative fuels.