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Some Canadians Have Enjoyed a Gas-Tax Holiday Since April

Some Canadians Have Enjoyed a Gas-Tax Holiday Since April

Some Canadians Have Enjoyed a Gas-Tax Holiday Since April

Author: Brian Ford | Published: June 23, 2022
Industry Segment: Production  |  Word Count: 766 Words

June 24, 2022--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Against the backdrop of near-universal criticism of President Joe Biden's proposed gas-tax holiday, the provincial government of oil-rich Alberta has extended its own relief program through the end of the summer--with more praise than condemnation.

The government in Alberta offered a 13-cent-per-liter tax break on retail fuels beginning April 1. Like other economies, consumers there are struggling with high inflation and high commodity prices.

The current national average in Canada works out to be close to US$6.00 per gallon, but it's closer to US$9.00 in some markets. U.S. drivers, by comparison, are faced with a national average retail price of US$4.94 per gallon at today's prices, according to travel club AAA. The tax relief in Alberta takes the equivalent of 50 cents per gallon off the retail price of gasoline.

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