Regular test gasoline is pumping at 132.9 a litre at the Esso station at Mt. Pleasant Rd. and Merton St. Monday but you may be able to get it for a penny less a litre at others stations, including some Esso locations. We’re in the switch-over period from winter to summer grade fuel, a period of about ten days. Prices may yet rise to 133.9 before slackening a bit. Dan McTeague, the man who has made a lifetime out of following gas prices, says he suspects prices will soar this summer. He told the CBC he foresees prices as high as 139.9 close to the all-time high of 142.9. The reasons for this appear to be demand and the cost of summer additives. Prices in BC are already above 1.39.9 related local pipeline repairs.
23 CENTS HIGHER THAN LAST YEAR
“Those additives are quite expensive and they usually mean a four cent across-the-board increase for most Canadian drivers, starting at about the first few days of April all the way to the middle of September, at which point we then revert back to less expensive to make winter gasoline,” Mr. McTeague told the CBC. “It means, of course, that prices in Toronto will pass, likely, marks that we haven’t seen at the pumps going back to about August of 2014.” He said prices today are about 23 cents per litre higher than this time last year when consumers were paying as little as $1.03.9 for a litre. “For average drivers, that amounts to well into the vicinity of an additional $10 to $12 a tankful weekly,” he said.
