Canadians filling up at the pumps in several provinces are seeing increases of up to 13 cents per litre at the pump as the federal government’s carbon tax goes into effect, but GasBuddy.com senior petroleum analyst Dan McTeague says the increase is ‘looking a lot bigger than it really is’ as Monday is typically a day for ‘gas bar shenanigans.’
senior petroleum analyst Dan McTeague. He told CTV News Channel on Monday that it’s what he calls “gas bar shenanigans”: as retailers raise prices after dropping the price of gas over the weekend for competition.Come Monday, they increase the price again to recover. This Monday, with the carbon tax coming into effect in Saskatchewan, Manitoba, Ontario and New Brunswick, there was an additional 5 cents added, with many seeing increases of 12 to 13 cents at the pump.
“It’s looking a lot bigger than it really is,” said McTeague. “Retailers tend to remove their retail margin. On Monday morning, like any other morning, they’re actually adding not only the lost 7 or 8 cents a litre, which is their retail margin, they’re actually putting on the 5 cents.”“Sunday afternoon, Sunday evenings. Some people are really understanding that as being an important change in terms of the behaviour of when to buy. You can save as much as seven or eight cents a litre,” he said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Metro Vancouver drivers set to pay record high gas prices“I wouldn’t be surprised to see $1.65 (a litre) between now and the May long weekend (Victoria Day 18-20),” said gas analyst Dan McTeague.
Read more »
B.C. brings in tax credit to help spur liquefied natural gas investmentFinance Minister Carole James says the change was introduced in legislation today and is meant to bring jobs and other financial benefits to the province through economic partnerships with Indigeno…
Read more »
Cancelled asset sales, fewer financings make oil and gas deals ‘a grind’Some energy companies put assets up for sale, only to eventually take them off the block
Read more »
B.C. brings in tax credit to help spur liquefied natural gas investmentBritish Columbia is changing the province's tax structure for liquefied natural gas projects with Finance Minister Carole James saying the government is aiming to encourage more development through a natural gas tax credit.
Read more »
Saudi Aramco building global gas business to cut carbon footprintWorld’s biggest oil producer says it is building ‘an energy bridge’ between Saudi Arabia and China
Read more »
Gas prices to rise at least 10 cents per litre in 4 provinces in April: analystDrivers in four provinces can expect to pay at least 10 cents more per litre of gasoline come April, according to a leading petroleum analyst.
Read more »
You might get a text from Andrew Scheer telling you to fill your gas tankThe Conservative Party is planning to mass-text voters in four provinces affected by the federal carbon tax as part of its campaign against the policy.
Read more »