Ontario drivers should get a break at the pumps this weekend as the provincial government slashes its portion of the gas tax but at least one industry analyst is warning that the relief will likely be temporary.
Canadians for Affordable Energy President Dan McTeague tells CP24.com that the move could help push prices down by “as much as seven cents a litre” on Friday, which would bring the average cost of a litre of fuel in the GTA to 195.9 cents per litre in time for the holiday weekend.
Looking ahead, McTeague said that he expects the price of oil to go as high as $130 U.S. per barrel this summer, which will place continued upward pressure on gas prices. The good news for drivers, at least this weekend, is there might be some cheaper gas outside the GTA.
Breakfast Summer 2020, the price gas went down 2 90s prices, yet the prices of food did not go down, helping food corporations 2 save on cost adding 2 their profit. When the price of gas goes up, prices of food go up, pushing the cost on consumers! individuals R powerless in front of corpo
Breakfast Some honorable chimpanzee politicians/policy makers have invested in real estate directly or indirectly via their siblings, relatives or friends, & these honorable chimpanzees want to fix the real estate problem! What a joke!
Breakfast Future has become futuristic for many people in Canada! Futuristic house, futuristic job, futuristic income, renting indefinitely! Carrying grocery bags forever! What a life! Ah, ha, ha, ha, stayin' alive, stayin' alive. Ah, ha, ha, ha, stayin' aliiiiiiiiiiiiiive!
Breakfast The COVID aftermath: more & more rich immigrants will pour their money into this damaged economy, so the average house price will reach $2 millions in major expensive cities in North America! Gas price over $2/L POOR NEW GENERATIONS!
Breakfast As always, food corporations such as Loblaws, Sobeys (the thieves) & Walmart benefited the most from this 'COVID-19' saga, soaring prices and taking an advantage for racking up profit from people's pockets!
I’m more interested in the cost of food. Do a story on bacon…$8.49 for 375 grams👀 How much money does Galen need?
He's using our tax dollars to give us a break...🥴
what happened with doggie Ford stating fuel taxes be cut in July? probably end up like his buck a beer
'Slashes' might border on hyperbole
As always, the honourable chimpanzee politicians/policy makers set policies, as they still have their job, with full benefits, and contributing towards their retirement plan, yet many ordinary people's lives are affected by such policies! The problem is within the system itself!
Many people in this world do not take care of their teeth hygiene! Many people in this world still use public toilets without washing their hands afterwards!
Oh Canada, its pristine image replete with moose & maple, sparsely populated with large swaths of unspoiled boreal forest and tundra, has been covered by COVID-19 & its variations like ongoing techy products coming out with new names, reaching a crescendo of omnibus by-laws!
Future has become futuristic for many people in Canada! Renting indefinitely! Carrying grocery bags forever! What a life!
The COVID aftermath: more & more rich immigrants will pour their money into this damaged economy, so the average house price will reach $2 millions in major expensive cities in North America! Gas price over $2/L POOR NEW GENERATIONS!
Summer 2020, the price gas went down 2 90sprices, yet the prices of food did not go down, helping food corporations 2save on cost adding 2 their profit. When the price of gas goes up, prices offood go up, pushing the cost on consumers! individuals R powerless in front ofcorporati
Hey! I Just got my first drone job! Let me know what yall think of my video! Thank yall and hope yall enjoy it!
'The cost of gas his risen by more than 40 per cent so far in 2022, with much of the increase being fueled by supply chain issues related to the war in Ukraine' says CP24 which is an OUTRIGHT LIE.
We aren’t going to be happy until we’re back *at least* in the 1.20 range again
Wishful thinking it's the unscrupulous owners that adjust the prices from head office ford was just making empty promises from election...😏😏😡
I was out like 5 days ago and it s was at 198.5
Until the long weekend… oh wait!
Couldn't have said better. The very definition of Canada.
Everyone should get a break..
The question is why can't it stay down?
Shorter Dan McTeague: “build more pipelines, buy more gas.”
Buck a beer lasted a month...
At least the provincial side is doing something. Can’t say the same for PM Blackface and his band of demons.
Yes it increases by 10 cents and drop by 1. I am waiting for recession
But freedumb convoys can afford them without supposedly working eh..burn that fuel up.. 😏😏
Of course it will be short lived because the oil companies will adjust and just do some more profiteering.
Then back up to where it was two days later
JustinTrudeau will have non of those tax breaks
'It may be'?...what a joke.
They aren’t doing this for you they are cutting the tax because it’s hurting there bottom line, who is going to vacation in canada when it’s so expensive to drive anywhere, road trips are out of the question this summer.
$0.50/L sounds about right. For 93 Premium!
Oh ya. Is it going down to a while 1.99 again. Gee. What a break!
I'll put it in my veins
Should get a permanent break if they get rid of this crap
Save 5c for a couple of days before it goes back over $2/litre and even higher again. Let’s face it, the days of $1 a litre gas are long gone. There’s no way it’s ever falling back to those levels again.
They need to increase taxes on the ultra rich
After the holiday expect an increase to recoup the losses .
Gas tax too lucrative to reduce...this why why gov has done little to encourage hybrid and EVs production
$3 ltr. by labour day
Note: The legislation does not contain anything that forces the price to fall. Oil companies are free to keep the extra price in profit and not drop it a penny. But, of course, all you morons voted for him thinking it was true. HINT: You won't get any relief at the pumps.
This man’s should pay for it
Duh... you don't think the gas companies won't grab up that extra money? fordnation logic.
joe_warmington 'Slashes' the price from 2.10 to 2.04?...wow🙄
Thanks Ford, I appreciate it. if the federal government supported the West and the oil fields, Imagine if we actually helped Europe, Sold them some oil, made a profit for the country which obviously would then could be taxed. Canadians pxould be paying $1 per Liter. dumb dumbs!
I'm sure those gas station hot dogs will be taxed more to make up for the losses
Now only if the Federal Government could remove some of their taxes. Maybe the carbon tax should be removed to reduce costs on almost everything we purchase.
Where’s Trudeau this week? Turks & Caicos?
It's short lived because whatever few cents Ford knocks off, Trudeau will add on double. 🤡
Our authoritarian leader Trudeau LOVES his carbon tax. But clearly HATES Canadians
Tax people on their income, the food they eat, the car and the gas that gets them to work, the house they live in, the electricity that keeps them warm, etc. Who still believes any government cares about their people?
Half my income goes towards taxes, everything I buy is taxed, the property my house stands on is taxes and now this bs tax isn’t permanently squashed? At what point is enough enough?
Maybe ask Alberta to pay for it?
Down July 1st up July 2nd
GTA voted for higher gas prices.
Thanks for the incompetence of our PM... Government is not for Toddlers...
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