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The trend of rising gas prices is expected to continue

By Newsroom Jan 3, 2025 | 11:53 AM

If you compare this year to last year around this time, gas prices are up and the head of petroleum analysis at Gas Buddy dot com, believes that trend will continue in 2025. Patrick De Haan says the annual carbon tax increase in April is one of the reasons. “We’re talking about another few cents a litre. Every year we continue to see more of a disconnect between the price of oil and what we are paying at the pump, and a lot of that has to do with the continued steady increase in carbon tax that occurs on a yearly basis” On April 1st, the price on carbon rises from $80 a tonne to $95.

However, De Haan adds that a lot of what we are seeing recently has to do with the weakened Canadian dollar. He also suggests the threat of 25 per cent tariffs from U.S. President-Elect Donald Trump could further impact the dollar and our fuel prices. (DiscoverMooseJaw)