'No end to misery' as gas prices set to hit record high: Expert
BNN Bloomberg
Canadian drivers are in for more pain at the pumps, according to a gas price expert.
Canadian drivers are in for more pain at the pumps, according to a gas price expert.
En-Pro International Chief Petroleum Analyst Roger McKnight sees gas prices rising yet again next week in all of the major Canadian cities he tracks. In Vancouver alone, he sees pump prices hitting as high as $1.71 per litre.
“There’s no end to the misery right now as far as the consumer is concerned," McKnight said in an interview Friday. "There’s nothing to stop higher gas prices unless demand falls off the table, and I don’t see that happening."
McKnight called it a “necessary evil” since most drivers have no choice but to pay up because of a lack of viable alternatives.
“There’s a lot of squawking, a lot of clickbait on websites and threats of boycotting, but really, what’s your alternative?" he said.
"It’s a necessary evil and everybody realizes that. The big thing is to go to your federal MPs and ask about cutting back on the [carbon] taxes but that’s a sacred cow that the government won’t listen to."
