1.03.39 - “Reduce gas prices”
The recent albeit temporary drop in gas prices may be attributed to global market forces and concerns around the new COVID variants. The Ford government has not taken any steps to reduce provincial gas taxes to date. However, Ford did reaffirm that he will keep his promise to reduce these taxes before the next budget. This promise is therefore considered in progress.
“Gas prices in Ontario are expected to take the biggest single-day drop in more than a decade this weekend. According to Dan McTeague, president of Canadians for Affordable Energy, gas prices will drop 11 cents across Ontario on Sunday /[…/] Oil prices suffered one of the largest ever one-day plunges on Friday, crashing more than 11 per cent on Black Friday as the new strain sparked fears that renewed lockdowns could hurt global demand.”
Fluctuating gas prices cannot be attributed to the Ford government, but rather global market forces responding to the pandemic. The Ford government has not acted on this promise to date, therefore the promise is not yet rated.
“Drivers in southern Ontario awoke to find gas prices up five cents on Friday morning, as stations were charging on average $1.409 /[…/] Dan McTeague, president of Canadians for Affordable Energy /[…/] points to COVID-19 as a determining factor. If cases continue to rise, /[…/] people can expect prices to hover at that current level.”
“Gas prices have plummeted in large part as a result of the novel coronavirus pandemic, which has resulted in a drop in global demand.”