{"id":401465,"date":"2026-04-16T11:19:09","date_gmt":"2026-04-16T11:19:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/401465\/"},"modified":"2026-04-16T11:19:09","modified_gmt":"2026-04-16T11:19:09","slug":"higher-gas-prices-not-going-away-anytime-soon-for-canadian-consumers","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/401465\/","title":{"rendered":"Higher gas prices not going away ‘anytime soon’ for Canadian consumers"},"content":{"rendered":"

Despite the Mark Carney Liberals announcing that they are scrapping the federal excise tax<\/a> on gasoline and diesel fuel starting next week, Canadians can still expect an expensive summer at the pumps and that there will be consequences for \u201cevery sector of the economy.\u201d<\/p>\n

In addition to the effects of the war in the Middle East, gas stations started using a more expensive summer blend on Wednesday, which typically costs about 10 cents more per litre than the winter blend and would negate the federal excise tax cut of about four cents per litre for diesel and 10 cents per litre for gasoline.<\/p>\n

\u201cThis issue isn\u2019t going away anytime soon,\u201d said Canadians for Affordable Energy president Dan McTeague, a former Liberal MP, noting that gas stations are mandated to use the less volatile summer blend \u2013 which replaces butane with cleaner-burning alkylate \u2013 every year from April 15 to Sept. 15.<\/p>\n

The Liberals announced the federal excise tax cut on gas, diesel and aviation fuel this week and that it would begin next Monday and end on Sept. 7, which almost exactly lines up with the mandated use of more expensive summer-blend fuels.<\/p>\n

\"\"Prices to be \u2018stuck\u2019 at 160-180 cents per litre<\/p>\n

Even with those measures in place, Canadians can still expect to see gas prices \u201cstuck\u201d at about 160 to 180 cents per litre for the \u201cnext couple of months and potentially even longer than that,\u201d McTeague said.<\/p>\n

Gas prices in Toronto averaged about 176.9 cents per litre on Wednesday, according to the CityNews gas price tracker<\/a>, after hitting a high of about 188.9 cents per litre last week. McTeague, meanwhile, predicted the cost to drop to about 173.9 cents per litre<\/a> on Thursday before rising again by the weekend.<\/p>\n

The price of diesel, however, will also make everyday living more expensive as it is widely used in the shipping industry and has well outpaced the cost of gasoline, hitting record highs of about 230 to 240 cents per litre last week in the GTA.<\/p>\n

As for the issues in the Middle East, don\u2019t expect ceasefires or the prospect of a peace deal between Iran and the United States to stabilize costs in the long term, McTeague said.<\/p>\n

RECOMMENDED VIDEO\u2018Supply shock\u2019 from war in Iran<\/p>\n

He said oil shipments take weeks to arrive at their destination by sea and even then, production facilities have been damaged in places such as Kuwait, Iraq, the United Arab Emirates, Qatar and Bahrain \u2013 with some of the damage likely needing years to fix.<\/p>\n

\u201cBottom line, the damage has been done,\u201d he said, adding the industry is already facing a \u201csupply shock.\u201d<\/p>\n

In the meantime, he said the federal government needs to suspend the Clean Fuel Standard \u2013 what he called the \u201ccarbon tax 2.0\u201d \u2013 and cut the GST from the price at the pump if it really wants to help consumers.<\/p>\n

\u201cIt takes away the sting that the government is profiting from this situation,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Despite the Mark Carney Liberals announcing that they are scrapping the federal excise tax on gasoline and diesel…\n","protected":false},"author":2,"featured_media":401466,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[177115,72,177113,113,177110,31537,177111,61,60,177114,177112],"class_list":{"0":"post-401465","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-10-cents","9":"tag-business","10":"tag-dan-mcteague","11":"tag-economy","12":"tag-federal-excise-tax","13":"tag-gas-prices","14":"tag-gas-station","15":"tag-ie","16":"tag-ireland","17":"tag-mark-carney-liberals","18":"tag-price-of-gasoline"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/401465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=401465"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/401465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/401466"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=401465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=401465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=401465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}