US Edition‘Trump Factor’ Could Cause Gas Price Volatility This Summer, Analyst Says
- An expert petroleum analyst from En-Pro International cautions that gasoline prices in Canada could experience fluctuations this summer due to various influencing factors.
- Prices usually rise from January to mid-April because refineries shut down for maintenance to switch to summer fuels, but this year the removal of a 17.6 cents-per-litre carbon levy on April 1 changed dynamics.
- Moreover, refinery operations have slowed to roughly 90 percent of their total capacity, which is unusually low for this season, while crude oil prices have declined, with West Texas Intermediate trading near US$60 per barrel—a drop of about US$10 compared to six months earlier.
- McKnight explained that the influence of what he calls the "Trump factor" could upend traditional predictions about how gasoline prices usually behave, as President Trump's comments on tariffs and international politics have the potential to disrupt established market patterns.
- The combined effects of low refining margins, the carbon levy removal, and geopolitical uncertainty suggest that current pump prices, about 15 cents lower per litre, might persist through summer barring major crises.
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Total News Sources23
Leaning Left8Leaning Right2Center1Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
R 18%
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