Gas prices set to rise 'dramatically' Thursday
Many made a dash to the pumps Wednesday because experts say the price of gas is set to rise Thursday.
“Yeah, I came here today because I heard gas is going up about 14 cents tomorrow,” said Marc Reimneitz.
According to Dan McTeague, president of Canadians for Affordable Energy, the price could jump overnight to nearly $1.80 a litre.
“You're going to see a lot of stations at 1.79 point 9 as of midnight [Thursday],” McTeague said. “These are very extraordinary events. We’re seeing these prices move up dramatically.”
Ed Ruckle was leaving a volunteer position and told CTV News he had a few more things to do before he hit the pump. “You can bet I'm going to fill [up],” Ruckle said.
McTeague said the increase is due to the higher cost of summer blended gasoline, rising oil prices, and the carbon tax increase.
The 14-cent jump will likely take place overnight in the provinces of Quebec and Ontario and will be the highest price we see at the pump since August of 2022.
“I'm shocked, because of the cost of living. You can barely afford to eat, so gas would be better if it was a little cheaper,” Reimneitz said.
Jackie Habib, like many, is frustrated by the upcoming increase. “If you're on empty for a 4-cylinder, it's going to cost a half-day’s pay to fill it up just to have gas to get to work,” Habib remarked. “I was paying $35-$36 to fill up two years ago when I bought this car and now I'm paying $90 to have a full tank.”
Ruckle put $30 worth of gas in his car Tuesday. “It got me a quarter of a tank, just shy of a quarter at $1.64,” Ruckle said as he recalled what $30 used to get him in the 1990s. “$30 would fill the tank.”
The City of Windsor avoids the immediate impact of price fluctuations because they buy gas and diesel in bulk and get a volume discount. That doesn't mean the city is immune to rise in fuel prices.
“So far this year in gas prices we've seen about a 30 per cent increase above our budgeted amount and about a 7 per cent increase in diesel,” said City Engineer Mark Winterton, who pointed out the managers keep an eye on prices and make adjustments accordingly. “We ask all of our drivers, whether it be a city vehicle or transit bus, to be as responsible as possible and be respectful of the environment and our budget.”
CTVNews.ca Top Stories
Trump confronts repeated boos during raucous Libertarian convention speech
Donald Trump was booed repeatedly while addressing Saturday night’s Libertarian Party National Convention.
Grayson Murray, two-time PGA Tour winner, dead at 30
Two-time PGA Tour winner Grayson Murray died Saturday morning at age 30, one day after he withdrew from the Charles Schwab Cup Challenge at Colonial.
Family of toddler found dead at small-town Ont. daycare no closer to answers after year of investigation
A year has passed since two-year-old Vienna Irwin was found on the property of a home-based daycare in small-town Ontario, but her family says they are no closer to answers of what happened that day.
More seniors are using homeless shelters. Here's why, according to experts
One of the country’s homeless shelters has seen an uptick in the number of people through its doors, including more older adults over 50.
The death toll in Kharkiv attack rises to 14 as Zelenskyy warns of Russian troop movements
President Volodymyr Zelenskyy warned Sunday that Russia is preparing to intensify its offensive along Ukraine's northern border, as the death toll rose to 14 in an aerial bomb attack on a large construction supplies store in the city of Kharkiv.
Norway hands over papers for diplomatic recognition to the Palestinian prime minister
Norway on Sunday handed over diplomatic papers to the Palestinian prime minister in the latest step toward recognizing a Palestinian state, a largely symbolic move that has infuriated Israel.
Yemen’s Houthi rebels freed over 100 war prisoners, the Red Cross says
The Iranian-backed Houthi rebels in Yemen on Sunday released more than 100 war prisoners linked to the country’s long-running conflict, the International Committee of the Red Cross said.
Man or machine? Toronto company finds a way to determine how real audio clips are
The Toronto-based research arm of life sciences technology firm Klick Health has found a way to analyze voices in a manner that’s so granular, it can tell whether it's a person or an artificial intelligence-powered machine.
No sign Canada has a plan to reach NATO defence spending target: U.S. NATO ambassador
The U.S. ambassador to NATO says she has seen no indication that Canada has a plan to reach the NATO spending target of two per cent of GDP on defence.