Prices at the pumps have gone up about a dozen cents a litre this week at some Prince George gas stations.
Many of the stations are paying about $1.41 per litre to replace the fuel their selling.
That’s according to Canadians for Affordable Energy President Dan McTeague, who said the 154.9 cents per litre found at some gas stations in Prince George could go up this year.
“Oil prices have gone up about to $79 a barrel right now. That’s up $4 a barrel in the past week or so, and it’s coming off the mid-December low of $65 a barrel, so that’s good enough for about 14-15 cents a litre.”
McTeague said oil is likely to reach $100 a barrel sooner or later and said we should expect gas prices to continue to increase this year.
“I mentioned that gas prices on average in Canada would hit $1.65, or up 20% year over year, compared to 2021.”
“I’ll put my cards on the table when you have bankers, financiers, and others developing and following this agenda of disinvesting and starving capital from oil production, you can expect there will be less of it. What they haven’t taken into account is demand surging,” added McTeague.
He said that this will result in inflation, and inevitably people not being able to make ends meet.
“The move by woke capitalists to shut down and to disfavour oil and gas production is now going to cost consumers dearly.”
“You have a 10 cent carbon tax currently in place, and another one, a hidden carbon tax, which is the clean fuel standard. The BC Low Carbon Fuel Standard works out to about 16-17 cents a litre right now. That’s buried in the price of gasoline. Between those two that’s why you’re going to be paying $1.50 for a litre, not $1.25-$1.30 a litre.”
As of this morning (Thursday), Costco had the best gas price in PG at $1.37 a litre.
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