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.”
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.