On April 1, the Alberta gas tax and the federal carbon tax are scheduled to increase. On Tuesday, gas prices jumped in Edmonton and Calgary.
Less than a week before an increase in the provincial gas tax, prices are soaring in many Alberta cities.“What we’re seeing … is very seasonal in nature,” said Patrick De Haan, head of petroleum analysis at Gas Buddy. “Canadians starting to get out more and more, demand for gasoline is going up across much of North America. Refineries are also transitioning to cleaner, more expensive blends of gasoline that are required for the summer driving season.
“All three of those things — demand, refinery maintenance and the transition to summer gasoline — generally push prices up almost every February, a trend that can last through April and May.”“The wholesale price of fuel can go up several cents a litre depending on what day a station is buying. Generally, stations may buy every two to three days.
“But I think it’s important to understand we’re still very much in favour of the WTI linkage. We think it’s very defensible, and hope that Albertans understand there could be potential relief as we move into the summer.“When oil is high, fuel is high, right? And that’s also when the government will be in the best position to provide that affordability,” Horner added.
De Haan said typically gas prices peak at some point in April or May, when refineries finish maintenance.
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