Gas Prices Are Skyrocketing In Ontario, Still Cheaper Than Gas In Quebec
A new, controversial carbon tax is in effect today. The tax affects Ontario, New Brunswick, Manitoba and Alberta. The new regulation imposes a $20 tax per tonne of greenhouse gas emission.
Already, the price of gas has soared by four cents per litre in the four affected provinces. Despite this skyrocketing price, the price of gas in Ontario, New Brunswick, Manitoba and Alberta is still lower than the price of gas in Quebec.
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TL;DR Despite the new carbon tax in Ontario, New Brunswick, Manitoba and Alberta, the price of gas in these four provinces is still lower than the price of gas in Quebec.
Quebec is exempt from the new carbon tax because it already has a "Green Fund" which finances green initiatives and fights climate change.
Despite, this exemption, gas prices remain higher in Quebec. A chart by GasBuddy, compares the price of gas in Quebec, Ontario and New Brunswick.
This graph clearly shows that the price of gas in Quebec remains higher than the price in other provinces.
However, a small drop in gas prices today in Quebec mirrors the increase in the other provinces.
This chart comparing Quebec to Manitoba and Alberta shows similar results.
Quebec's higher price is partly due to miscalculations on the part of the government and, up until recently, higher taxes.
It will be interesting to see how the price comparisons change with the new carbon tax.
The carbon tax in the aforementioned four provinces will rise by $10 per year until it reaches $50 per tonne of greenhouse gas emissions in 2022.
This will translate to an increase of about 12 cents per litre by 2022.