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by sonaltr
2757 days ago
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> and unsurprisingly, gas prices didn't change with the removal of the program While that might not be completely true...gas prices are down. I'm talking $1.45 to $0.99 / L. As someone who drives ~ 3 hrs a day (and all my friends do too) - We do appreciate the reduction in the gas price. |
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I'll be the first to admit that I'm not sure, but looking at the average gas price in Ontario (no cap and trade), Quebec (cap and trade) and Canada on [1], the same kinda of savings existed all around, so we can't really credit the removal of the cap and trade. Overlaying the price of cure, it does seem to have had more to do with the massive price drop in crude.
[1] - https://www.gasbuddy.com/Charts