Gas Prices

• Inflation hits highest level in 30 years as Bank of Canada decision looms

  Higher prices for food, passenger vehicles and housing drove up Canada's inflation rate in December, with some experts predicting costs will continue to rise into the spring.

  Economy

  Jan 19
  
• U.S. consumer prices up 7% in December, setting a 40-year record

  Prices on gas and other consumer good rose at the highest rate in 40 years in the U.S. last month as increased spending from Americans compounded supply chain worries.

  Consumer

  Jan 12
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• OPEC+ sticks to oil output plan despite Omicron uncertainty  

  Officials from OPEC countries, led by Saudi Arabia, and their allies, led by Russia, voted to stick with a pre-Omicron pattern of steady, modest monthly increases in oil releases.

  Economy

  Dec 2, 2021
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• Lower prices at the pump will be short-lived: Canadians for Affordable Energy

  Gas prices are dropping, but according to one expert, it won’t last long. Fear over the Omicron Variant scared the markets, but prices could shoot right back up by end of week.

  Canada

  Nov 28, 2021
• Gas prices expected to drop by at least 10 cents in most of Canada this weekend: analyst

  "What we saw today was panic on the world markets as a result of the COVID variant coming out of South Africa."

  Canada

  Nov 26, 2021
• Biden to release 50 million barrels of oil in effort to ease gas prices

  Biden's move is aimed at global energy markets, but also at voters who are coping with higher inflation and rising prices ahead of Thanksgiving and winter holiday travel.

  Economy

  Nov 23, 2021
• Doug Ford says 5.7 cent gas tax cut is coming before next year’s budget

  The economic statement released last week by his Progressive Conservative government did not mention the cut that Ford promised in his 2018 election campaign.

  Politics

  Nov 10, 2021
• ‘Where does this all end?’: High fuel and food costs here for a while, experts warn

  'I'd say right now we're in the second inning of a baseball game,' says Sylvain Charlebois, the director of Dal's Agri-food Analytics Lab of food and gas price increases.

  Consumer

  Nov 6, 2021
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• OPEC+ ignores Biden’s plea for faster oil output as energy prices soar

  After the OPEC+ decision, the White House said Washington would consider a full range of tools at its disposal to guarantee access to affordable energy.

  Economy

  Nov 4, 2021
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• Retail sales rose 2.1% in August boosted by food, clothes and gas

  StatCan says its initial estimate for September suggests retail sales reversed course in September and fell 1.9 per cent.

  Consumer

  Oct 22, 2021