Prices at Canadian pumps rising again as oil climbs to 4-week highs
Gas prices in Canada are rising as global oil prices hit four-week highs due to renewed tensions between the U.S. and Iran. Analysts warn that the volatility in the Strait of Hormuz could lead to further price increases at the pump.
Why it matters
Rising fuel costs directly impact inflation and the cost of living for Canadian consumers.
The average price of a litre of gas across Canada is at $1.674 as of midday Tuesday — up 3.4 cents from last week's average, according to price tracking site GasBuddy.com .
The article reports on market data and expert predictions without taking a political stance on the conflict.
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