After a brief lull, gasoline prices rose a few cents below the psychological $2 a liter mark at several gas stations across the province yesterday.
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In Quebec, several gas stations have increased their costs per liter of gasoline since Friday evening. It was notably on display at Esso and Shell retailers on Avenue Jules-Verne or at Petro-Canada on Rue de la Faune for $1,969 per liter.
Sébastien Desgagnés, who was filling up yesterday, normally drives a Ford F-150. In recent weeks, he’s traded in his van for a more fuel-efficient Hyundai Elantra for commuting.
Photo Marie Pier Roy
Sébastien Desgagnés at the Esso gas station on Avenue Jules Vernes in Quebec City on Saturday April 30th.
“It’s at least half the price. I’ve been doing it more often since it started [à augmenter]he says.
“It makes no sense. That shouldn’t be the case, they’re trying to make money off other people’s backs,” says Alain, who prefers to only use his first name.
Gasoline prices in the greater Montreal area fluctuated between $1.924 and $1.969 per liter in several establishments yesterday morning. These are increases ranging from $0.08 to $0.12 per liter of fuel, depending on location.
According to Dan McTeague, president of the Canadians Association for Affordable Energy, the price at the pump is likely to drop slightly today, by about two cents a liter. This is only temporary, however, as a drastic increase is expected in the coming weeks.
Photo Marie Pier Roy
The Esso gas station on Avenue Jules Vernes in Quebec was spending $1.96 per liter on Saturday, April 30, 2022.
“It is clear that we will soon exceed the 2 dollar mark per liter,” he assures categorically.
If China gets out of its strict containment policy caused by COVID-19 within three weeks, the stock markets will interpret an increase in demand and the increase in the price of gasoline will also be felt in Quebec, the expert estimates.
In fact, China is the second market where demand for fuel is strongest.
“Equity markets will say there is more demand and prices will go up,” says McTeague.
“The climb will continue and it will be painful. It’s about time people started saying no.”
If people blame the oil companies, McTeague believes the federal government should also be blamed for making Canadians pay such a high price.