Gas Prices

• Gas prices set to change when excise tax pause expires — what to know

  Some temporarily relief at the gas pump for Canadian consumers is set to end next month when the fuel excise tax pause is scheduled to expire.

  Consumer

  Aug 14
  
• IEA expects world oil demand to fall amid surging gas prices

  Demand for crude oil worldwide is expected to fall as higher gas prices force many consumers and businesses to reduce their consumption, according to the IEA.

  Consumer

  Aug 13
  
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• As oil hits $100 a barrel, what to know about the Bab el-Mandeb strait

  As of 11 a.m. eastern on Thursday, Brent crude prices were around US$100.60 per barrel as conflict in the Red Sea drove oil tanker traffic in the crucial Bab el-Mandeb strait down.

  Economy

  Jul 23
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• Inflation cooled to 2.8% in June as gas prices fell, says StatCan

  Consumers paid less for gas at the pump in June compared to May, and that helped cool annual inflation to 2.8 per cent, according to Statistics Canada.

  Economy

  Jul 20
• Gas prices jump across Metro Vancouver, hovering around $2 a litre

  Experts say that the price is jumping anywhere between five and 10 cents a litre, and that's mostly the result of rising oil prices amid the ongoing war between Iran and the U.S.

  Economy

  Jul 15
• Ontario gas prices cast shadow over daily budgets, summer plans: survey

  Seven in 10 Ontarians aged 35 to 54 said gas prices are affecting their day-to-day activities, according to the survey from CAA South Central Ontario.

  Economy

  Jul 15
• U.S. inflation cooled to 3.5% in June as gas prices fell

  U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also cooled.

  U.S. News

  Jul 14
• PepsiCo blames ‘inflationary pressures’ and high gas prices for sales drop

  PepsiCo reported its beverage sales in North America have been falling as rising inflation and higher gas prices force consumers to keep up with the cost of living.

  Consumer

  Jul 9
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• Gas prices in Canada set to rise as Trump says peace with Iran is ‘over’

  Gas prices are likely going to tick up once again in Canada, according to an analyst, as a signed peace agreement between the U.S. and Iran appears to be unravelling.

  Consumer

  Jul 8
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• OPEC+ agrees to higher oil production ‘to support oil market stability’

  After the Iran war choked off about a fifth of the world's oil supply for several months, the world's largest alliance of oil-producing nations agreed to increase its quota.

  World

  Jul 6