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Will the fall in gas prices on the weekend of Canada Day stay strong?

"That's just a trick. They're going to get us to buy more gas and fill everyone.": The skeptical driver

Natalie Hollinshead puts only $20 into her minivan at the Pioneer station at Main St. and Gerrard St. E. just before the long weekend on Thursday, June 30, 2022, after learning of the Ontario tax cut that would see a drop of six cents per litre on Canada Day followed by an additional five cents a litre the following day.
Natalie Hollinshead learned of Ontario's tax cuts in 2022 6 Just before the long weekend on Thursday, 30th of March, we invested only $ 20 in a minivan at Pioneer Station on Main Street and Gerard Street E. On Canada Day, we see a drop of 6 cents per liter, and the next day we see another drop of 5 cents per liter.Photo: Jack Boland/Toronto Sun / Post Media Network

Energy analysts are in Ontario We believe gas companies will pass on pump savings to take advantage of the first weekend of gas tax cuts.

"The decline has been inherited," said Dan McTeig, president of Canadian Affordable Energy, adding that savings will not end in the interests of energy companies. Please do not "t. I know they can't because there are people like me who call them offside right away.

The overall price of GTA was expected to fall 11 cents per liter on Friday.

On Saturday, another reduction of another 6 cents per liter was predicted.

Part of the reduction is due to a 5.7 cent reduction in state gasoline tax per liter from July 1st to December 31st. Taxes – can spread beyond what people see on a pump.

"Lower shipping costs could reduce food checkouts and almost all costs consumed in the state," he said.

A tanker operator drops 24,000 litres from his truck into the tanks at the Pioneer station at Main St. and Gerrard St. E., on Thursday, June 30, 2022, just before the Canada Day long weekend when Ontario tax cuts would see the price drop six cents per litre with an additional five cents the following day.
Tanker operators take 24,000 liters from the truck to Main Street and Gerrard Pioneer station on Street E. On Thursday, June 30, 2022, just before the long weekend of Canada Day, when Ontario's tax cuts take place, it will fall 6 cents per liter and another 5 cents the next day.Photo courtesy of Jack Boland/Toronto Sun / Post Media Network

Premier Dougford gives the federal government a federal gas tax.

On Thursday, Treasury Minister Chrystia Freeland did not answer whether Ottawa would follow Ford's leadership.

She reiterated how carbon prices can help Canada transform into a green economy. With the

pumps, there was not only a smile on the low prices, but also skepticism about whether they would continue.

Gas prices at stations like this Pioneer at Main St. and Gerrard St. E. dropped by six cents per litre on Canada Day, July 1, 2022, with an additional five cents the following day thanks to Ontario tax cuts. Jack Boland
Station gas like this pioneer Prices Main St. and Gerard St. E. fell 6 cents per liter on Canada Day on July 1, 2022, and another 5 cents the next day thanks to Ontario's tax cuts. Jack BolandPhoto courtesy of Jack Boland/Toronto Sun / Post Media Network

"Great. Everything floats in the air with inflation. And, with prices soaring, I'm not sure if that small price cut will unfortunately affect everything we need, "said Natalie Hollinshead.

"I don't know how we survive," Kim Hayward said when he partially filled the tank. "It's just a trick. They let us buy more gas to fill everyone and they're going to pop it up again."

"I don't think it's going to fall that much." I didn't, "Derek Radusur said when he filled up his new pickup truck. "Usually it rises rather than falls on long weekends. It's hilarious."

McTeague said relatively low prices could continue. "But don't be surprised if there is a sudden rise by the end of next week."

He should also consider reducing gas HST given the level of inflation. Said that.

"The state government can do everything it wants to do, but without the federal government, it's less effective," McTeague said. "There isn't much that a state can do."

slaurie@postmedia.com

For Twitter:@_ScottLaurie

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