The cost for diesel is up across Canada, and gas prices are also climbing, with an eye-popping 18 cents per litre hike in northern Ontario with a national average increase for the past week of 5.7 cents.
The ongoing conflict between Iran and Israel continues to cause market instability, which is affecting supply and demand for oil.
“For now, the trend will remain upward until there is either a halt in escalations or de-escalations,” said petroleum analyst Patrick De Haan. “I think the market may find some stability here as this has been ongoing for a week, so the market is no longer shocked by new developments.”
Thank goodness Ontario scrapped that carbon tax back in April 1st, 2025 with the expressed intent it was to lower the cost of fuels and save consumers money. /s
The action, was intended to reduce inflation and lower the cost of living as it was put.
I guess gas stations did not get the memo and instead pocketed the difference?
I was explicitly told “axing the tax” would make gas essentially free. How and I supposed to take my Freedom-F-150 to costco now?
Well it does depend on who told you this. If a known liar said it and you still believed it, this may be on you.