Carbon taxes did not trigger spike in Canadian gas prices, finds report
In the year leading up to June 2022, average gasoline prices climbed 55 per cent across Canada, part of a wave of inflation that raised the cost of nearly everything from rent to food. According to a new IISD analysis published Wednesday, a $0.73 jump in gasoline prices over that period was almost entirely driven by the global oil market—not carbon pricing.
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