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“It’s just a ploy. They’ll just make us buy more gas so everyone can fill up”: skeptical driver
Natalie Hollinshead puts just $ 20 in her van at Pioneer Station in Main St. and Gerrard St. E. just before the long weekend of Thursday, June 30, 2022, after learning of Ontario’s tax cut that would mean a six-cent drop. per liter on Canada Day followed by an additional five cents per liter the next day. Photo by Jack Boland / Toronto Sun / Postmedia Network
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An energy analyst believes gas companies will shift savings to pumps as Ontarians take advantage of the first weekend of the provincial gas tax cut.
“The decline is being transmitted,” said Dan McTeague, president of Canadians for Affordable Energy, adding that the savings will not end up in the profits of energy companies.
“Damn no. They can’t, they won’t and they won’t. They know they can’t because there are people like me out there who will tell them offside very quickly.”
Prices across the GTA were expected to drop 11 cents per liter on Friday.
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By Saturday another drop was expected, of 6 cents more per liter.
Part of the drop is due to a 5.7-cent reduction in the provincial gas tax from July 1 to December 31.
McTeague also said the savings, combined with a reduction in diesel taxes, could increase beyond what people see in the bombs.
“A drop in transportation costs could alleviate the cost to the grocery store and most of everything we consume in that province,” he said.
An operator of a tanker truck drops 24,000 gallons of his truck into the tanks at Pioneer station in Main St. and Gerrard St. E., on Thursday, June 30, 2022, just before the long Canada Day weekend, when Ontario’s tax cuts would see the price. lower six cents per liter with an additional five cents the next day. Photo by Jack Boland / Toronto Sun / Postmedia Network
Prime Minister Doug Ford has challenged the federal government to follow suit with a reduction in the federal gas tax.
On Thursday, Finance Minister Chrystia Freeland did not answer whether Ottawa would follow Ford’s example.
He reiterated how a carbon price will help Canada shift to a greener economy.
At the bombs, there were smiles about lower prices, but there was also skepticism about whether they will last.
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Gasoline prices at stations like this Pioneer at Main St. and Gerrard St. E. dropped six cents per liter on Canada Day, July 1, 2022, with an additional five cents the next day thanks to Ontario tax cuts. Jack Boland Photo of Jack Boland / Toronto Sun / Postmedia Network
“It’s great. Everything has been so up in the air with inflation. And prices have gone up so much that I don’t know that this small cut will unfortunately affect all the things you need,” Natalie Hollinshead said.
“I don’t know how we’re surviving,” Kim Hayward said, as she partially filled her tank. “It’s just a ploy. They’ll just make us buy more gas so everyone can fill up and get it back up.”
“I had no idea it would go down so much,” Derek Ladouceur said as he filled his new van. “It usually goes up, not down, on long weekends. That’s fun.”
McTeague said relatively lower prices could remain, “but don’t be surprised if there is a sudden increase by the end of next week.”
He also said that given the level of inflation, Ottawa should consider a reduction in gas HST.
“The provincial government can do whatever it wants, but if the federal government doesn’t get involved, the effect is silenced,” McTeague said. “There’s only so much the provinces can do.”
slaurie@postmedia.com
On Twitter: @_ScottLaurie
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