Gas Prices

• 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
  
• 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
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• Oil prices plummet on hopes of increased supply, high gasoline prices persist

  The pause in hostilities between the U.S. and Iran has led to a decline in future oil prices, but industry analysts say it will take time to trickle down to lower gasoline prices.

  Money

  Jun 26
• 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.

  Economy

  Jun 22
• Gas prices may not return to pre-Iran war levels anytime soon, experts say

  After 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.

  World

  Jun 15
• 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.

  Consumer

  Jun 15
• U.S. inflation hits 3-year high with gas prices climbing amid Iran war

  Rising 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. News

  Jun 10
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• Gas price relief may have been short-lived following new strikes on Iran

  Gas 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.

  Consumer

  Jun 1
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• Conservatives push motion to scrap all federal gas taxes for rest of year

  The 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.

  Canada

  May 26