Weekend gas prices rise across Canada as experts urge motorists to cut back on trips OCN News

National gasoline prices continued their steep rise over the weekend as motorists in Vancouver were told to brace themselves for up to $2.34 a liter at the pump.

Numbers on the GasBuddy fuel tracker showed the national average price for regular gasoline hit $1.95 a liter on Saturday afternoon, with provincial averages hitting $2.15 in Newfoundland and Labrador and $2.11 in British Columbia.

Gas Wizard predicted big jumps in various cities on Sunday, with Vancouver expected to see prices jump six cents to a national high of $2.34/litre. Montreal was expected to see a four-cent jump to $2.15, and Toronto was on course for a six-cent increase that would take average prices to $2.09.

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“These are mind-numbing, mind-blowing prices that … are probably not sustainable for most fixed-income/middle-class Canadians,” Gas Wizard analyst Dan McTeague, who is also president of Canadians for Affordable Energy, said Saturday.

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“I think it’s fair to say that most Canadians get hurt about it and they’re not the ones who drive for the kicks and the giggles, they’re the ones who need it to get to the work…. And it will be for the long term. »

St. John’s is expected to see the biggest jump on Sunday to 13 cents to $2.24/litre. Prices in Edmonton are expected to be among the lowest at $1.70/litre.

Many experts have attributed the gas price spike to market destabilization caused by Russia’s attack on Ukraine, as well as the recovery in global demand as COVID-19 restrictions ease. .

McTeague acknowledged those factors as factors, but called the spike a pre-war supply problem that is only getting worse now.

He called for a temporary suspension of the carbon tax and for Ottawa to offer an immediate energy rebate, noting that soaring gasoline prices have also increased the federal GST haul.

“They make money in spades. It seems to me that it would be wise for them to at least consider some sort of refund, or at least a way to alleviate, perhaps through a GST refund, isolate and help people on fixed incomes and those, of course, struggling,” said McTeague, a former Liberal MP.

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Click to play video: “BC Liberals call on province to provide pump relief”







BC Liberals call on province to provide pump relief


BC Liberals call on province to provide pump relief

On Friday, British Columbia Premier John Horgan said the tax cut would be a “short-sighted” plan that offers only a “modest amount” of relief.

He said he asked the Minister of Finance “to present a basket of initiatives because this is not a short-term problem”.

Until then, he has encouraged residents to reduce travel costs whenever possible.

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Albertans should expect even higher gas prices ahead of May long weekend: analyst

“We need to do this by taking all the steps we can to reduce the amount we spend and also making sure we work together. If you go to the grocery store and you know you have a neighbor who needs something, ask them if you can bring it to them and reduce the number of trips we make,” he said.

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“Right now I’m encouraging people to think before they get in the car – do you need to take that trip?”

© 2022 The Canadian Press

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