Gas Prices
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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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Gas prices in Canada inching closer to an all-time high amid Iran warThe national average for regular gasoline in Canada sits at about $1.90 per litre, according to CAA, and that's up from just over $1.70 per litre one month ago.ConsumerMay 14
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Planning a summer road trip? 2026 will be one of the ‘most expensive’ yearsIf you're planning to enjoy a vacation by hitting the road this summer, it'll still be one of the 'most expensive' summers for a road trip in a car or an RV, experts say.ConsumerMay 6
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Gas prices spike in Winnipeg amid market volatilityPrices haven't been this high in Winnipeg since the summer of 2022, when they went over $2 per litre. Demand for oil is vastly outstripping supply due to the war in Iran.WorldApr 30
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B.C. gas prices forecast to hit record high amid stalemate in Iran, U.S. peace talksGas prices are set to surge again on Friday despite the temporary suspension of the 10 cents per litre federal fuel tax that was implemented just 10 days ago.EconomyApr 30
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