Gas Prices
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Inflation rose 3.2% as gas, food prices jump — with tomato prices up 45%Higher oil and gasoline prices pushed overall inflation in May to 3.2 per cent compared with a year ago, according to Statistics Canada.EconomyJun 22
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Gas prices may not return to pre-Iran war levels anytime soon, experts sayAfter a peace agreement was reached, getting oil to flow through the Persian Gulf region again and helping gas prices return to pre-war levels may be more of a challenge.WorldJun 15
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Will the Alberta government suspend the provincial gas tax?Alberta drivers hoping for some relief at the pumps should learn this week whether the provincial government will ease the fuel tax or not.ConsumerJun 15
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U.S. inflation hits 3-year high with gas prices climbing amid Iran warRising gas prices pushed inflation to a three-year high last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration.U.S. NewsJun 10
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Gas price relief may have been short-lived following new strikes on IranGas prices in Canada are expected to start climbing again, as any progress made towards a peace deal between the U.S. and Iran appears to be unravelling.ConsumerJun 1
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Conservatives push motion to scrap all federal gas taxes for rest of yearThe affordability push, which calls for suspending the GST on gas and diesel, comes after the Liberals instituted a temporary suspension of the federal fuel excise tax last month.CanadaMay 26
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Motor oil prices are on the rise, experts say. The Strait of Hormuz is whyCurrently, a barrel of West Texas intermediate crude oil is down about 87 cents to $1.08. Crude oil is down about $1.60 cents a barrel, with trading at about $110 a barrel.CanadaMay 19
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Higher gas prices pushed inflation up to 2.8% in April, says StatCanConsumer inflation surged last month to 2.8 per cent compared to a year earlier with higher gas prices being the primary driver, according to Statistics Canada.ConsumerMay 19
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As gas prices soar, Canadian drivers struggling to keep up with routine repairsThe Canadian Automobile Association says rising gas prices are creating a significant financial burden on drivers, which may cause some to postpone necessary vehicle repairs.CanadaMay 15
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Beer, alcohol sales falling amid consumer strain and shifting prioritiesA notable decline in beer and alcohol sales in Canada and the U.S. is another sign consumers are both grappling with affordability challenges and shifting their priorities.ConsumerMay 15
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