Ontario gas prices are soaring to record highs as inflation seizes the country, and the Trudeau government is left dumbfounded by the phenomenon.
On the morning of August 27, commuters were no doubt left aghast by the insane gas prices waiting for them when they refuelled.
$1.409 per litre.
Almost a record in the province, and it is only getting worse.
According to Dan McTeague, the former Liberal MP and current president of Canadians for Affordable Energy, we have not hit the record yet, but “we’re awfully close.”
The record was set in July 2014, when prices skyrocketed to $1.43. McTeague has since taken to Twitter, warning consumers there is no light at the end of the tunnel. He expects the record to be broken by 2023 at the latest, but likely sooner.
Not yet, but it’s coming. Currently at between 45 to 65 cents/litre or about 30% to 40%
But on January 1, 2023 the Trudeau 2nd carbon tax will add 15 cents a litre … & that’s not including the tripling of the first carbon tax.
Liberal Voters will be the 1st to complain, then https://t.co/1hCiW32y42
— Dan McTeague (@GasPriceWizard) August 26, 2021
In response to these revelations, CTV News has already begun warning consumers in Ottawa and Toronto of another spike in prices as we enter the weekend.
“I usually try to give people a two-day heads up so that they know that it went up to five cents, tomorrow it goes down two (cents), and Sunday, it may very well go up two (cents),” he said in an interview with Global News. “If you didn’t gas up yesterday, the best day to gas up is tomorrow.”
⛽️ Price ⚠️: After rising 5 cents today #gasprices will FALL 2 cents a litre Saturday to a high of 138.9 cts/l for #Toronto #GTA #Hamilton #Ottawa #LdnOnt #Windsor #Niagara #Kitchener #Barrie #Kingston #Sudbury #Guelph & most of Ontario.
BUT – prices are back up Sunday to Wed— Dan McTeague (@GasPriceWizard) August 27, 2021
McTeague also says that he has every reason to believe that gas prices will continue to rise throughout the coming Fall season.
“Very simple economics, which is that supply continues to trail behind demand, and it’s doing so consistently and may actually get worse,” McTeague explained.
“Which suggests to me that the price, although it may appear to drop or be turning in that direction, there’s a greater likelihood of prices going up over the next several months than going down.”
Despite being a former Liberal MP, McTeague has been highly critical of PM Justin Trudeau, freely laying the blame at his scandal-ridden feet.
Not yet. Incredible level of public ignorance to the damage Trudeau has done to our country. A shocking number of low-information voters are still dazzled and frankly blinded by “socks, sobbing and selfies” https://t.co/TDvr1HQnTr
— Dan McTeague (@GasPriceWizard) August 27, 2021
Cue Liberal apologists who’ll shamefully grasp at straws to paper over their disgraceful dithering that cost lives of our Afghani allies
Trudeau Liberals sullied the memory of Canadian soldiers who made the ultimate sacrifice or returned wounded in our mission against terrorism https://t.co/MWZlu5MiHx
— Dan McTeague (@GasPriceWizard) August 26, 2021
As McTeague has pointed out, with gas prices at near-record levels and additional carbon taxes to follow, it will undoubtedly be baffling how Canadians will be able to make it work to fuel the Liberal government’s massive spending.
