Dan McTeague, president of Canadians for Affordable Energy, explains why summer blend gas prices will cause prices to rise. <\/p>\n
The more expensive summer fuel blend has arrived at gas stations across Canada. Pushing the price of regular gasoline up by approximately 10 cents per litre<\/a>, the switch could largely erase any savings that will come from the recently announced suspension of the federal fuel excise tax<\/a>. <\/p>\n \u201cAt this stage, it looks like we\u2019re in for a very, very expensive summer,\u201d Canadians for Affordable Energy president Dan McTeague told CTV\u2019s Your Morning on Wednesday. <\/p>\n McTeague is a former Liberal MP who now advocates for lower energy costs. As summer gas blends arrive at pumps across Canada this week, McTeague says the federal government should be taking additional affordability measures, including dropping the GST on gas and diesel purchases, which is separate from the temporarily suspended federal fuel excise tax.<\/p>\n \u201cCanadians are in desperate need of relief at the moment,\u201d McTeague said in a recent news release<\/a>. \u201cBut this is a drop in the bucket.\u201d<\/p>\n As energy prices increase because of the Iran war and shipping issues in the Strait of Hormuz, this week the Canadian government has announced that it will temporarily suspend the federal fuel excise tax<\/a> on gas and diesel. Lasting from April 20 to Sept. 7, the temporary tax suspension is expected to save Canadians 10 cents per litre on regular gas and four cents per litre on diesel.<\/p>\n