Ottawa's Fuel Tax Break: A Small Relief

0:00Ottawa just hit Paul's on its federal fuel excise tax for a bit, giving drivers a break from those crazy high-gas prices. In Montreal, averages dip from $1.86 per liter on Sunday to $1.80 by early Monday afternoon. That's about a six cent drop per liter, but not quite the 10 cents folks were hoping for from the Prime Minister's team. The timing lines up with global chaos as Iran blocks the straight of Hormuz during ongoing war. Starting with oil flows from the Gulf, Canada doesn't pull fuel straight from there, but worldwide market vibes still jack up our pump prices. Folks like Joe Pereira and Montreal's Mao End are pumped, rushing to top off tanks they've been running on fumes. He's even cut back on drives and hitched rise with his son to stretch every dollar. McGill professor Saibar Ray points out all companies' high prices quick but dragged their feet on cuts, pocketing extra cash in the chaos. Ray figures the tax break should flow straight to us, though long-term tracking is key to

1:03see if we get the full 10 cents. It hits everything from groceries to your wallet, with big rigs and SUVs scoring the most relief over efficient cars or transit riders. If the war drags on, that small savings gets eaten up fast and experts say it could take five or six months for prices to chill back to pre-war levels. Keep eyes on the pumps since Ottawa flips the tax back on come September. Let us know in the news today, powered by AI bringing you what matters.