‘It could mean another $40 a month’: Carbon price increase hits Saskatchewan pumps
Global News
"For Canadians, it's going to mean another $8 to $10 increase in what they are putting in their tank every week," said Patrick De Haan, head of petroleum analysis at GasBuddy.
The federal carbon price increased on Monday, the change noticeable at Saskatchewan gas stations and on home energy bills.
The price increased to 17 cents per litre of gasoline, 21 cents per litre of diesel and 15 cents per cubic metre of natural gas.
“For Canadians, it’s going to mean another $8 to $10 increase in what they are putting in their tank every week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “For a family that does that every week, it could mean another $40 a month to fill your tank.”
Gas prices jumped about two centre per litre on Monday but the increases might not stop there.
“We could see more of an increase here over the next 24 to 48 hours as gas stations continue to pass along the higher price of the (carbon price) emissions,” De Haan said.
He said other factors might push up prices as well in the coming months, including the pressures of the summer driving season.
“Gas prices don’t usually peak in the summer, but just ahead of it. Think April and May.”
De Haan said that over the course of the summer, prices start to inch down, potentially going as low as $1.20 per litre later in 2024.
