The price of gas appears to be on a trajectory to approach $2 per litre in some parts of Canada by December 2022, according to Canadians for Affordable Energy president Dan McTeague.
The price of gas appears to be on a trajectory to approach $2 per litre in some parts of Canada within the next 13 months, according to Canadians for Affordable Energy president Dan McTeague.
He points to a statement from BlackRock, the world's largest asset management company, which said this week at a conference in Saudi Arabia there's a "" of oil reaching $100 a barrel. Oil is currently hovering at around $84 per barrel. "So now you're in the $1.65 range. You have the federal carbon tax of 2.21 cents, plus HST, so 2.3-2.4 cents," he continued. "Then you have on top of that the Clean Fuel Standard. So now you're up to about $1.82, $1.83 a litre. Just to get to $100 a barrel."
"You can see a scenario playing out where we get awfully close to $2 a litre in those regions with average prices in Canada probably, at minimum, $1.75 a litre," he said.is a program designed to get suppliers of liquid fuels, such as gasoline and diesel, to gradually cut the amount of carbon in their product in an attempt to reduce greenhouse gas emissions.
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