The cost for diesel is up across Canada, and gas prices are also climbing, with an eye-popping 18 cents per litre hike in northern Ontario with a national average increase for the past week of 5.7 cents.
The ongoing conflict between Iran and Israel continues to cause market instability, which is affecting supply and demand for oil.
“For now, the trend will remain upward until there is either a halt in escalations or de-escalations,” said petroleum analyst Patrick De Haan. “I think the market may find some stability here as this has been ongoing for a week, so the market is no longer shocked by new developments.”
Feeling pretty good about my EV right now. Costs me about $3.00/100 km, assuming I don’t top up for free at work.
If they didn’t cost an arm and a dick I would have one but I’m getting 8L/100km in my 2010 compact pickup. Hard to justify the cost and loss of cargo space.
Not sure what the rebate situation is anymore but it got me a cool 14k off the sticker price on mine, allowing me to (thankfully) retain my arm and dick under their current administration.