Ontario Gas Prices Are Set To Spike Even More Tomorrow
Ontario drivers will be hit by another price jump at the pumps this weekend.
Ontario drivers are expected to get hit by another sudden increase in gas prices this Friday. GasBuddy analyst Dan McTeague is warning the province's motorists to fill up today before prices rise by another 4 cents a litre, on top of the previous spike due to the federal government's carbon tax. McTeague reminded the public today that Ontario gas prices are going up on April 12th, 2019.
According to GasBuddy.com, the expected increase in gas prices will be the result of the mandatory change from winter gasoline to summer gasoline. Canadians who should expect to see the most significant increases are Ontario, Newfoundland, the Maritimes, and Quebec.
McTeague says that prices at the pumps will increase in Toronto and the GTA, as well as other Ontario cities including London, Ottawa, Hamilton, Kingston, Peterborough, Sudbury, Guelph, Barrie, Windsor, Niagara, Kitchener-Waterloo and Chatham.
The switch is expected to cause a 4 to 5 cent per litre increase for motorists in Montreal, Toronto, Ottawa, St. John's and Halifax. Others parts of Canada will also be affected but at a less drastic rate with the cities of Saskatoon, Regina, Edmonton, Vancouver, Victoria, and Calgary seeing only a 2 cent per litre increase.
In Case You Missed It .... Fill up today as Summer spec gasoline switchover takes place this weekend - adding another 4 cents a litre on top of the 3 cent hike (wholesale) coming tomorrow (Friday) https://t.co/243gknNEfc— Dan McTeague (@GasBuddyDan) April 11, 2019
According to Dan McTeague, who serves as a senior petroleum analyst at GasBuddy, the changeover from summer gas to winter gas is often overlooked by drivers:
“For decades, the April change-over may have flown under the radar of many drivers, but indeed, federal laws require refiners to produce and sell gasoline that is less susceptible to evapouration given higher ambient temperatures in the early spring, summer and early fall driving season,” explained McTeague in a statement.
“The change means refiners must add more expensive components as part of their fuel processing, a cost that is inevitably passed onto motorists. The switchover and the accompanying price increase aren’t always easy, but its positive contribution to the environment and health in mitigating ground-level ozone and even preventing engine vapour lock is a real plus," the statement continues.
Although a few cents a litre doesn't seem like much right now, Canadians are being cautioned that the annual 2.5 cent a litre increase will result in gas prices being at least 12.5 cents higher by the carbon tax reaches the end of its road.