… McTeague says Canada’s reliance on U.S. refiners is once again a major factor in why Canadian drivers are paying more. “We price all of our fuel in U.S. [dollars]… so that makes the bad situation worse, which is why we’re looking at at least a five to six cents a litre increase,” on top of what we’ve already seen, he said.
On top of booming demand for oil leading to higher prices at the retail level, the federal carbon tax is slated to increase on April 1, a development which will add even more pennies to the price of every litre at the pump.
