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.
This type of screen time has the worst effect on kids: experts
According to some experts, there is one type of screen time that is continuously excessive, and it's having a severe effect on our children.
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.
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.
Humboldt Broncos crash victims and families react to decision to deport truck driver
The family of one of the victims of the Humboldt Broncos bus crash in 2018 says they are 'thankful' for a decision by a Calgary immigration board to deport the driver of the truck involved.
Fatal plane crash reported near Squamish, B.C.
The Transportation Safety Board of Canada has confirmed it is working with local Mounties and the BC Coroners Service after a plane crash near Squamish, B.C. Friday night.
'God forgives but we don’t': Loud outburst from stabbing victim’s family during sentencing hearing
An emotional outburst in a London, Ont. courtroom Friday disrupted the sentencing hearing of a woman who pleaded guilty for her part in the death of 29-year-old Mohammed Abdallah.
Three dead after vehicle plunged down a 100-foot embankment in Shediac, N.B.
Three people have died after a vehicle veered off the road in Shediac N.B., Friday morning.
Appeal denied for Edmonton soldier accused of trying to kill her 3 children
An Edmonton woman found guilty of trying to kill her three children has been denied an appeal.