{"id":483870,"date":"2022-08-11T14:31:42","date_gmt":"2022-08-11T11:31:42","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/seriously-these-gas-prices-macleans-ca\/"},"modified":"2022-08-11T14:31:42","modified_gmt":"2022-08-11T11:31:42","slug":"seriously-these-gas-prices-macleans-ca","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/seriously-these-gas-prices-macleans-ca\/","title":{"rendered":"#Seriously, these gas prices? &#8211; Macleans.ca"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a309f1c24810\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a309f1c24810\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/seriously-these-gas-prices-macleans-ca\/#%E2%80%9CSeriously_these_gas_prices_%E2%80%93_Macleansca%E2%80%9D\" >&#8220;Seriously, these gas prices? &#8211; Macleans.ca&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CSeriously_these_gas_prices_%E2%80%93_Macleansca%E2%80%9D\"><\/span>&#8220;Seriously, these gas prices? &#8211; Macleans.ca&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n                            The global state of oil and gas explains the ridiculous prices at the pump. Electric vehicles hold they key to affordability.\n                        <\/div>\n<div>\n<div id=\"attachment_1238574\" style=\"width: 410px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" data-sizes=\"auto\" class=\"wp-image-1238574 lazyload\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/07\/JanGorski.jpg\" alt=\"\" width=\"400\" height=\"471\"\/><\/p>\n<p class=\"wp-caption-text\">Jan Gorski is the director of the Pembina Institute\u2019s oil and gas program<\/p>\n<\/div>\n<p class=\"p2\"><span class=\"s1\">Canadians have<\/span> always been preoccupied with the prices at the pump. Even before this year\u2019s spikes, I would hear about cars lining up down the street from Costco to take advantage of the store\u2019s regular discounts of 10 cents per litre. (I recently saw it for myself at the Costco in Calgary\u2019s Woodbine neighbourhood over the Canada Day long weekend.) Ten cents really makes a difference now, considering gas prices surpassed two dollars a litre in June. The cost to fill up the tank of a 2022 Honda Civic LX sedan, one of the most popular cars on the road, hit $95.95 in June of 2022. That\u2019s up 53 per cent from a year earlier.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">Our current gas-price inflation has less to do with domestic policy than with global costs of oil and gas. The amount Canadians pay for gas is dictated by trends that we don\u2019t have a lot of control over. Even if Canada were to increase its output, it still wouldn\u2019t be enough to fix the discrepancy between supply and demand that we\u2019re seeing now.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p class=\"p3\"><span class=\"s3\">That demand picked up a lot faster than anticipated as economies recovered from the pandemic. In July of 2020, Ben van Beurden, the CEO of Royal Dutch <\/span><span class=\"s2\">Shell, predicted that demand would take a long time to recover\u2014if it ever did. But in less than two years, worldwide oil consumption hasn\u2019t just bounced back; it\u2019s <\/span><span class=\"s3\">outs<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>ping supply. Typically, member nations of the Organization of the Petroleum Exporting Countries play the role of balancing global oil markets, if necessary. That hasn\u2019t h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened, partly due to limited spare capacity and caution from oil producers. Meanwhile, the Russia-Ukraine war sent the whole world searching for more secure alternative sources of oil and gas.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">The cost of fuel is, of course, a big problem for Canadian consumers right now\u2014but there are a few positive side effects. Oil prices recently helped Alberta balance its budget. The province projected an $18.2 billion deficit for its 2021\u201322 fiscal year; that estimate was rounded down to $3.2 billion on the day Russia invaded Ukraine. Now, the province has a surprise $3.9 billion surplus\u2014its first in seven years. The Pathways Alliance, a climate task force of all the country\u2019s major oil sands producers, has committed to a net-zero 2050 target. Before this year, it had yet to make concrete investments to support that goal. With these new funds, Alliance members can do things like invest in carbon capture, electrify their operations and run regular inspections in their facilities for methane leakages. It\u2019s ironic, but high gas prices are helping the industry prepare for a future where we\u2019ll be using less gas.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">Policy can also guide the way in managing the gas crisis\u2014and all levels of Can<\/span><span class=\"s3\">adian government have a role to play. The federal government has a climate plan designed to help transition the oil-and-gas sector to net-zero emissions by 2050. It\u2019s also expected to raise the national carbon tax, from annual increases of $10 per tonne of carbon dioxide to $15 per year beginning in 2023.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p class=\"p3\"><span class=\"s3\">One of the highest-impact solutions for consumers would be a federal electric-<br \/>vehicle mandate that requires car manufacturers to make a certain number of zero-emission vehicles available to <\/span>Canadian buyers. Canada has already an<span class=\"s3\">nounced that it will ban the sale of new gas-powered cars by 2035, but a mandate for automakers would improve access to electric vehicles in the years leading up to that and help speed along consumer adoption. It would also nicely complement existing rebates: the federal government <\/span><span class=\"s2\">already has a Zero-Emission Vehicle Pro<\/span><span class=\"s3\">gram, which offers point-of-sale incentives of up to $5,000. British Columbia, Quebec, and Newfoundland and Labrador also have incentive programs.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p class=\"p3\"><span class=\"s3\">As the market for electric vehicles grows, a used EV market will emerge, making low-emissions models more accessible to lower-income households. The lifetime cost of ownership of an EV is already cheaper than it is for gas-powered cars. A recent report by Clean Energy Canada found that the electric Hyundai Kona, Canada\u2019s second-best-selling EV, is $15,000 cheaper to own\u2014assuming an eight-year driving life\u2014than the gas-powered Hyundai Kona. If fuel prices stay at $2, those savings would rise to $24,000.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">Better access to electric vehicles will lower Canadians\u2019 vulnerability to the kind of the kind of volatility we\u2019ve seen in fuel prices lately\u2014and it\u2019ll help long after the price surges of 2022 taper off. Until then, the lines at Costco will just keep growing.\u00a0<\/span><\/p>\n<hr\/>\n<p><em>This is part of the Maclean\u2019s Guide to the Economy, which appeared in the September 2022 issue. Read the rest of the package, order your\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/canadianmags.ca\/products\/macleans-september-2022\">copy of the issue<\/a>, and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/secure.macleans.ca\/\">subscribe to the magazine<\/a>.\u00a0<\/em><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/canadianmags.ca\/products\/macleans-september-2022\"><img loading=\"lazy\" decoding=\"async\" data-sizes=\"auto\" class=\"aligncenter wp-image-1238850 lazyload\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/08\/SeptemberCover-1.jpg\" alt=\"\" width=\"287\" height=\"391\"\/><\/a><\/p><\/div>\n<p><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.macleans.ca\/economy\/canadian-economy-guide-2022-gas-prices\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Seriously, these gas prices? &#8211; Macleans.ca&#8221; The global state of oil and gas explains the ridiculous prices at the pump. Electric vehicles hold they key to affordability. Jan Gorski is the director of the Pembina Institute\u2019s oil and gas program Canadians have always been preoccupied with the prices at the pump. Even before this year\u2019s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":483871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/08\/jg_social-766x431.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[132264],"class_list":["post-483870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-guide-to-the-economy-2022"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/483870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=483870"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/483870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/483871"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=483870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=483870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=483870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}