Gee that’s just swell… B.C. carbon tax helps push gas prices to record highs

Gas prices in the Vancouver area are now at record highs and could rise even further, to $1.60 a litre by the end of the week. That’s not just going to affect drivers, critics say; it’s going to hurt the entire local economy.

The first of four annual increases to the province’s carbon tax kicked in on Sunday, adding 1.2 cents to the cost of a litre of gas. By Monday morning, prices had risen to $1.56 per litre — more than a quarter higher than in Montreal and Toronto, where gas prices are hovering around $1.30. It’s also significantly higher than the $1.19 drivers are paying in Calgary.

And prices are expected to rise in B.C. even further.