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Ontario: Gasoline prices jump to crazy levels with expectations of further increases before the carbon tax is imposed at the beginning of next April

Ontario: Gasoline prices jump to crazy levels with expectations of further increases before the carbon tax is imposed at the beginning of next April

By م.زهير الشاعر

Published: March 8, 2022

After days of record gas prices across Ontario, an energy expert says drivers should stick to it as the cost of filling the tank may rise further in the coming weeks. Dan McTeague, president of the Canadian Energy Association, stated: "This is really the calm before the storm."

Adding, "I think we are heading towards $150 a barrel of oil, which means gas prices will easily rise to two dollars per liter likely in the next few weeks."
 

McTeague attributed the rise to the Russian invasion of Ukraine, which reached its twelfth day on Monday, and saw prices at gas stations increase by 11 cents to a record high of $1.85 per liter overnight.

Since last Wednesday, the cost of gas in Ontario jumped by 24 cents per liter.

McTeague wonders, so what is the cost of filling your car now in different parts of Ontario?.

Explaining that according to Gasbuddy.com, in Toronto and most of the GTA, it will cost you anywhere from $1.79 at the minimum to $1.84 at the maximum per liter.

As for Ottawa, citizens will be under intense pressure to find anything cheaper than $1.80 per liter, while other gas stations charge up to $1.92 per liter at the time of this report.

In some parts of Windsor, the liter price is $1.71, while in other areas of the city the liter price approaches $1.83 per liter.

Adding, the same can be said for London, where gas prices range between $1.79 and $1.83 per liter.

In Barrie, you will find most gas stations charging an average of $1.84 per liter.

In the far north, this price rose to $1.86 per liter in Sudbury and $1.84 per liter in North Bay.

At the same time, the carbon tax imposed by the federal government is scheduled to increase on April 1st, which will raise the current cost even higher.

According to McTeague, the federal government should postpone this increase to ease the pressure on Canadian wallets and sit with provincial leaders to discuss a possible rebate.

Explaining, "Gasoline in Toronto, and the GTA, and across the country was about $1.24 this time last year. Now it is about $1.84.

Now an additional 60 cents tax will be imposed at 13 percent, and 15 percent in the East, and they probably should rebate some of this tax - especially for people going through tough times."

In addition to drivers looking to fill their cars, McTeague said the cost of gasoline can have a ripple effect on food prices and other goods, a fact he said was "inevitable" without further government intervention.

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