Drivers hit by the jump in gas prices at the pumps this week after the introduction of the carbon tax should brace themselves for even higher prices in the coming months. Some analysts predict gas prices could rise by another 10 to 15 cents a litre by this summer, and that has nothing to do with the carbon tax. "Ontario, Quebec, and the Maritimes are looking at a net five cent increase on top of Monday's five cent increase," McTeague said. "This, along with crude oil supply challenges that result from U.S. sanctions against Iran and Venezuela, will support crude oil price increases. Gasoline prices will respond in kind with the increase in crude oil prices."

Source: CBC News April 06, 2019 08:00 UTC