Analysts predict that gas prices will surge to incredible amounts because of the Liberal carbon tax.
The current low prices are set to rebound sharply in 2019, said Dan McTeague, senior petroleum analyst at Gasbuddy.
Although there is still time before everything changes, it won’t be long before hard working Canadians will have to deal with the burden of the carbon tax.
It seems the only viable solution Trudeau and his government can come up to fight climate change is to penalize tax payers.
In what will undoubtedly worry Canadians McTeague said “You’re going to see 2019, because of carbon taxes, be much more expensive than even 2018, which puts us at the highest prices for energy going back to 2014”.
As oil-producing countries tackle their oversupply of oil, the overhang will start to carve away come January.
Extreme volatility will come to characterize 2019, he believes.
There will be fluxualtion in the prices. There will be periods of low prices and surges in the cost. He predicts that around April is when the biggest increase in prices will occur.
McTeague said gas prices are about 16 cents a liter less than this time last year.
“The only thing that’s holding that back right now is the weaker Canadian dollar because we price all our commodities in U.S. terms,” he said.