Gas Prices Next Year Could Be Highest Since 2014, Analyst Forecasts | CTV News

https://www.ctvnews.ca/business/gas-prices-next-year-could-be-highest-since-2014-analyst-forecasts-1.4233451Next year could see the highest gas prices in Canada since 2014 because of carbon taxes, according to an analyst.

Current low prices, caused by a glut in supply in recent months are set to rebound sharply in 2019, Dan McTeague, senior petroleum analyst at Gasbuddy.com, told CTV News Channel.

But we still have a week or two before things get really “strange”, McTeague said from Oakville, Ont.

“You’re going to see 2019, because of carbon taxes, be much more expensive than even 2018, which puts us at the highest prices for energy going back to 2014,” he said.

Read full story here: Gas Prices Next Year Could Be Highest Since 2014, Analyst Forecasts | CTV News

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