Alberta Addressing High Natural Gas Prices with Relief Program

September 28, 2022--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Following renewed tax relief for gasoline, the provincial government of Alberta said it was offering its constituents rebates to buffer against the spike in the price of natural gas.

There's a war premium emanating from the conflict in Ukraine. Since Russian forces put boots on the ground in February, there's been pressure on everything from crude oil to natural gas, refined petroleum products and grains. Resilient demand and dwindling supplies, meanwhile, continue to support commodity prices, particularly natural gas.