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.”
Smart move on the fuel stockpile. For longer emergencies, I’ve found portable power stations to be a game changer - no fumes, indoor safe, and they last for years. I compared a bunch on gearscouts.com and the LFP battery ones give you the best $/Wh value and way longer lifespan then the older lithium tech.
Why do you mention gearscouts so often?
Do you own the site?