Holiday gas price increase hits the wallet: PF Weekly grab a brew #68

grab-a-brew-gas-price-increaseDON’T WAIT TO FILL UP

 

With every holiday in Canada we see a gas price increase at the pumps but that’s only the beginning of what to expect.

Although the gas price increase seem to be a tradition here in Canada there are no real Easter traditions for myself but the Mrs. likes to spend time with the family around Good Friday and Easter.

This year is no exception and we have enjoyed a couple of days away and will eat lots of fish for our Good Friday meal today.

 

Gas price increase

 

While we have been off from work we noticed a sharp gas price increase, in fact where we are it shot up 10 cents per litre overnight. I was quite lucky because we had just filled up the day before the gas price increase which is fine for now but what about continuing on?

Apparently the gas price increase is supposed to be hitting the $1.47 per litre mark sometime soon and people will have no other choice than to pay it. The other option is to get rid of the vehicle and ride a bike, take the bus, walk or car pool.

This increase combined with the new electricity time of use increases happening as of May 1st 2014 people will have even more to pay out on bills.

Of course if you didn’t already know about the forthcoming electricity price increases, it will just put another downer on your weekend. Peak rate prices will rise to 13.5 cents per Kw/H with increases in the mid-peak and off-peak rates too.

Just when you thought that was enough there has also been requests from more than one residential gas company for gas prices increases. As Union Gas price increases could be as high as 28% and at Enbridge Gas as high as 40%.

That’s quite a bitter pill to swallow especially if you aren’t getting a raise at work. There are many places that do not regularly increase your wages in line with inflation.

I’m sure we will consciously cut down on certain habits around the house and how we utilize the car. Combining trips out so chores all get done on one day while out shopping will have to become more of a normal thing instead of multiple trips out.

I can see holiday gasoline prices just the start of an expensive year ahead.

How will you combat these price increases?

 

Top recipe

 

Fudgy Pie

 

If you don’t already know I have a second Facebook page online called The Free Recipe Depot where I share recipes from other Foodie Bloggers from around the world.

Once a week I pick one recipe that has been submitted as my Top Recipe of the week. Trust me when I say this is no easy task as some of these foodies can cook up a storm.

This week that recipe goes to a food blog called “Baking in a Tornado” for her Fudgy Pie recipe. I hope you enjoy it. Doesn’t it look delicious?

 

Weekly CBB posts

 

If you missed any CBB posts from the week here is the list of posts you can catch up on reading!

 

Weekly reads

 

Every week I share a few of the best personal finance blog posts that I read online over the past week with all of you so please enjoy my top picks.

 

Well, that’s a wrap for this PF Friday’s Grab a brew #68. Happy budgeting and I’ll see you here again next week when I do it all over again.

-Mr.CBB

 

Money-quote

 

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Mr. CBB
I’m from the UK and now a recent permanent resident in Canada. I bought my first house at the age of 21 after University then my second at the age of 24. I’ve always been fascinated with personal finance, savings, learning to make money and watch it grow while combating debts along the way. Canadian Budget Binder is a place where I get to share my experiences with personal finance and learn about yours along the way. I hope you stick around and check me out on Twitter, Facebook and Pinterest where I am active on all social media sites. Cheers, Mr.CBB
Mr. CBB
Mr. CBB

Comments

  1. Don McBain says:

    Gas in Vancouver was $150.9 yesterday. :(

  2. I am not looking forward to yet another increase in gas prices! I drive a vehicle that needs premium and $1.55+ a litre hurts. It’s making me debate which gas station to go to more than ever – Petro has their Fuel Savings Card which is highly beneficial when prices get high but then Esso gives me Aeroplan so I can fly for free.

    Maybe we should all go back to candles for light, woodstoves for heat and walking, LOL! I think I’ll be ditching the car as much as I can for non-work outings.
    Michelle recently posted…The Pain Factor: When Friends Make Fun of your SpendingMy Profile

    • It’s getting tough out there and it may not be crunch time for some people but if they don’t plan ahead a bit they may feel a tight budget soon.

  3. Thank you for including my recipe for Fudgy Pie. You made my day!
    Karen @BakingInATornado recently posted…Fly on the Wall, April 2014My Profile

  4. Christine Weadick says:

    We got gas Wed. on the way to London. $1.339L . I wasn’t impressed. That was still cheaper than getting gas in town here. I refuse to buy gas in town. It’s more here than outside of town so I go elsewhere to tank up. I use one of the pricing sites to keep track of the prices. The one I use is and I have it set for Stratford. I get an email most nights, but Sat for Sunday’s price. Knowing the prices go up before a holiday weekend means that I try to fill up early in the week before the holiday. When I filled up Wed. I was talking to the lady at cash and we both thought the prices were a rip-off.
    The prices of so many things are going up and up but income doesn’t keep pace. Those of us on a fixed income are in big trouble.

    • What I do is I bought two large gas cans and I fill them with petrol when it’s cheap and fill my vehicle with the cans when the price skyrockets.

  5. I will ride my bike to work as much as I am able. It takes me about 40 minutes each way. If it was raining, I could also work from home, however I’ve started wondering, which is more expensive – the cost of gas to drive 10 mins to and from work, or the cost of electricity to charge my laptop and cordless phone? We are getting hit in all resource areas these days, and as you say nary an increase to offset the extra costs.
    debt debs recently posted…7 things about Jim Flaherty and why do I care?My Profile

  6. About $1.40 / L in Ottawa. Sucks!

    These prices are not sustainable….

    Thanks for the mention!
    Mark
    My Own Advisor recently posted…Alternatives to some pricy monthly income fundsMy Profile

  7. One thing I don’t understand is that prices go up but never come down. Even when petrol was really cheap we didn’t see it on the forecourts. How about governments blaming the Arabs for petrol prices while they keep the high taxes on them all the while?
    TC recently posted…Car Insurance Policy Coverage Options and RatesMy Profile

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