- National gas prices are anticipated to hit new highs this weekend, with Vancouver drivers cautioned to prepare to pay as much as $2.34 per liter at the pump.
- On Sunday, big price rises are expected in several locations, with Vancouver expecting a six-cent increase to a national high of $2.34/liter.
- These are all factors, but McTeague sees the rise as more of a supply issue predating the war and is only now worsening.
This weekend, national gas prices are expected to reach new highs, with Vancouver drivers warned to pay as much as $2.34 a liter at the pumps.
According to data from the gasoline tracking website GasBuddy, the national average price of regular gas hit $1.95 per liter on Saturday afternoon, with provincial prices reaching $2.15 in Newfoundland and Labrador and $2.11 in British Columbia.
Various cities are anticipated to witness major price increases on Sunday, with Vancouver seeing a six-cent increase to a national high of $2.34/liter.
Montreal is expected to experience a four-cent increase to $2.15, while Toronto is expected to see a six-cent increase to $2.09.
The highest jump, 13 cents to $2.24/liter, is expected on St. John’s Sunday.
Edmonton’s prices are expected to be among the lowest, at $1.70 per liter.
“These are mind-numbing, eye-popping costs that… are not sustainable for most Canadians on income assistance class,” said Dan McTeague, president of Canadians for Affordable Energy, as well as Gas Wizard.
“Most Canadians, I believe, are taking a beating from this, and it’s not the ones who drive for fun and games; it’s the ones who need this to get to work… And it will be for a long time.”
Many experts blame rising gas prices on the market disruption caused by Russia’s invasion of Ukraine and recovering world demand as COVID-19 limitations are lifted.
These are variables, but McTeague sees the surge as more of a supply issue that predates the war and is only being exacerbated today.
He urged for a temporary suspension of the carbon tax and an immediate energy refund from Ottawa, pointing out that rising petrol prices had also pushed up the federal GST bill.
“They’re raking in cash hand over fist. It seems to me that they should at least explore some kind of rebate or at the at least a method to ease, perhaps through a GST rebate, to insulate and help those on fixed incomes and, of course, those who are struggling “Former Liberal member of Parliament McTeague said.
On Friday, Premier John Horgan of British Columbia said that cutting taxes would be a “short-sighted” approach that would only provide a “small amount” of assistance.
He has urged the finance minister to “put forward a basket of measures” because “this is not a short-term issue.”
Until then, he advised residents to cut travel costs whenever they could.
“We can accomplish this by taking steps to minimize our spending and ensure that we are all working together. If you’re going to the store and know you have a neighbor who needs anything, ask if you can pick it up for them, so we don’t have to make as many trips, “he said.
“Right now, I encourage folks to consider whether they need to make that journey before getting in the car.”
Source: CTV News