Is gas really heading to $2 a litre in Canada?

That’s the date Dan McTeague — who sees and tells all about gasoline pricing in Canada — predicts that 87 octane will hit the magical $2.00-per-litre mark. That’s double what it was just 14 months ago, and will no doubt prove quite a shock for consumers who thought cheap gas — like low interest rates — was here to stay.

As McTeague then points out our nationwide Clean Fuel Standard is set to come on board that December 1, 2022. Officially “part of Canada’s climate plan to reduce emissions, accelerate the use of clean technologies and fuels, and create good jobs in a diversified economy,” CFS is just another tax dressed up as a clean-air credit.

It’s an enormous understatement to say the formula for oil pricing is complicated. First, though, as Rozencwajg pointed out a year ago, exploration for new reserves was already dwindling pre-2020. COVID-19 then put what we all thought was going to be a long-term damper on demand. Exploration, especially in the U.S., was even more severely curtailed.

Yup

EV...

Funny how we pay for a group of people to find new interesting ways to screw us with our own money. Time for a government pay cut

Alberta must be happy.

And there are still people driving Hummers to get groceries.

Still cheaper than Perrier water.

Yep!!

You know how money just pulls carbon right out of the air everytime you pay that carbon tax bill. Because 'science'.

If they keep pushing gas prices up they can say public transit is the answer to drivers that don't like the high gas price. Force people out of privately owned cars removing their freedom of mobility. They will own everything, you will own nothing & will be 'happy'. Totalitarian!

You bet. Give the people what they want.

Ya of course

Hydrocarbon are more than just gasoline, its clothing, food and shelter. Have fun BuildBackBetter cold, hungry and poor!

Branch Covidian Utrudopian Cult Logic at its best!

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