Tag: GasBuddy

Gas Prices To Rise At Least 10 Cents Per Litre In 4 Provinces In April: Analyst | CTV News

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Drivers in four provinces can expect to pay at least 10 cents more per litre of gasoline come April, according to a leading petroleum analyst. Dan McTeague of GasBuddy.com says that consumers in Ontario, Saskatchewan, Manitoba and New Brunswick will be handing over five cents more per litre as of April 1, when the federal government’s carbon tax kicks in. That equates to $3 more to fill up a 60-litre tank. Read full story here: Gas Prices To Rise At Least 10 Cents Per Litre In 4 Provinces In April:…

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

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Next 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…

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Canadians Could Pay Over $1,000 For Gas This Summer – National | Globalnews.ca

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Gas prices in Canada are approaching record highs and could remain there through much for the summer. With oil prices climbing, drivers from coast to coast are likely in for the priciest driving season in four years, according to analysts. The national average gas price is currently hovering around $1.34 a litre, up from around $1.09 a litre this time last year, said Dan McTeague, senior petroleum analyst at GasBuddy. And there are few signs that the pain at the pump will ease off as the spring turns into summer. Gas prices…

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5 Reasons Why Gas Prices Are Set To Go Up In Canada — And Fast | CBC News

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The price of filling up a tank of gas is a classic Canadian irritation. But a confluence of factors may soon make that process even more gobsmacking than usual. Here’s a look at five reasons gas prices are soaring. A big one is that gas prices always rise around this time of year. “Usually we see a gasoline demand spike in the second week of June,” GasBuddy.com’s senior petroleum analyst Dan McTeague says. While few people put any thought to it on a fill-up, the chemical composition of gasoline is different in summer…

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No Relief At The Pumps For Consumers, As Refiners Pocket Benefit Of Low Oil Prices | CTV News

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There may be no fact of life more confounding to ordinary Canadians than gas prices. They seem to go up at the first whisper of climbing oil prices, but don’t fall nearly as fast when barrels of oil sell for less. That’s certainly true right now. Oil is selling for about US$55 a barrel, about half of an eight-year peak of $108 in 2014. The average barrel price that year was $88. Gas prices hit a high of $1.41 a litre in Canada in 2014 and averaged $1.28 for the…

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