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
NDP calls out Conservatives for effort to squash pharmacare legislation
The federal New Democrats are calling out Conservative Leader Pierre Poilievre and his party for trying to block the bill that could pave the way for millions of Canadians to access birth control and diabetes coverage.
Stamp prices rise for the third time in five years amid financial woes for Canada Post
Canada Post is increasing stamp prices for the third time since 2019, a move the Crown corporation says is a "reality" of its sales-based revenue structure.
Winnipeg man admits to killing four women, argues he's not criminally responsible
Defence lawyers of Jeremy Skibicki have admitted in court the accused killed four Indigenous women, but argues he is not criminally responsible for the deaths by way of mental disorder – this latest development has triggered a judge-alone trial rather than a jury trial.
An El Nino-less summer is coming. Here's what that could mean for Canada
As Canadians brace themselves for summer temperatures, forecasters say a weakening El Nino cycle doesn’t mean relief from the heat.
Mediterranean staple may lower your risk of death from dementia, study finds
A daily spoonful of olive oil could lower your risk of dying from dementia, according to a new study by Harvard scientists.
A subset of Alzheimer's cases may be caused by two copies of a single gene, new research shows
For the first time, researchers have identified a genetic form of late-in-life Alzheimer’s disease — in people who inherit two copies of a worrisome gene.
Ontario MPP asked again to leave Ontario legislature over keffiyeh, Speaker loosens ban
An Ontario MPP was asked again to leave the Ontario legislature on Monday for wearing a keffiyeh, a garment that was banned by the Speaker last month due to its political symbolism.
WATCH Avian flu: Risk to humans grows as outbreaks spread, warns expert
H5N1 or avian flu is decimating wildlife around the world and is now spreading among cattle in the United States, sparking concerns about 'pandemic potential' for humans. Now a health expert is urging Canada to scale up surveillance north of the border.
Trudeau Liberals to unveil new bill Monday aimed at countering foreign interference
Democratic Institutions Minister Dominic LeBlanc will be tabling legislation on Monday aimed at countering foreign interference in Canada. Federal officials have scheduled a technical briefing on the incoming bill for Monday afternoon.