Ontario Premier Doug Ford has been steadfast in his warnings that once the federal carbon tax kicked in, motorists should be prepared to pay more at the pumps.
It is now more than three months since carbon pricing came into effect in Ontario — but prices are lower today than they were one year ago.
New taxes generally have a one-day impact, so the increase since April 1 is the more fundamental stuff. Supply and demand, really. So it looks like the impact of the carbon tax is three cents and a bit per litre,” said DeHaan, head of petroleum analysis at GasBuddy.
However, despite the recent rise, gas prices in Ontario are still lower than they were one year ago. On July 17, 2018, the average price at Ontario pumps was 130.1, DeHaan said. Since then, prices have dropped across the country.
