The latest projections for gasoline prices are running as high, as two dollars and 25 cents a liter.
C-I-B-C chief economist Jeff Rubin is predicting, that’s the ultimate fate of Canadian motorists.
He says regardless of how much North Americans scale back their gas consumption, prices will remain high.
He argues that’s because international buyers, from oil-hungry developing nations, will keep prices high.
Meantime, party leader Stephane Dion has unveiled the Federal Liberals so-called ”Green Shift” plan, in an election-style speech today.
He’s proposing a 15 billion-dollar-a-year tax shift, which would hike the cost of fossil fuels, while lowering income taxes and, boosting family support payments.
He says the tax shift will benefit low-income Canadians the most, because they’ll have the hardest time dealing, with rising energy costs.
The concept has been ridiculed for weeks, by the governing Conservatives, as nothing but political and economic trickery.