US EditionRide-Share Drivers in Canada Feel the Sting at Pump Amid Conflicts in Middle East
Canadian gasoline prices rose nearly 20 cents per litre this week as Middle East conflict disrupted oil shipping and raised global crude costs, pushing inflation risks higher, analysts say.
- As the war in Iran led by the U.S. and Israel enters its second week, ride-share drivers across Canada are feeling the sting of surging gas prices tied to the escalating conflicts in the Middle East.
- The GasBuddy website shows the average regular gas price in B.C. is about $1.72 per litre, while the price in Ontario is averaging just under $1.50 per litre.
- The shipping disruption to key Middle East oil and gas facilities has interrupted supplies from some of the world's largest oil producers, causing a spike in global oil prices.
38 Articles
38 Articles
Canadians feel the pinch at the pump as conflict in the Middle East drives up gas prices
Canadians saw fuel prices climbing across the country this week as the conflict in the Middle East drives up the price of oil. One expert says those high numbers are likely to stick around for a while, even if the war ends in the next few weeks.
The rise in oil prices will eventually lead to the rise in freight rates, which will have an impact on consumers.
Middle East conflict could drive up costs across Canada’s supply chains: experts - Take our poll
OTTAWA — Analysts are warning the conflict in the Middle East could drive up costs across Canada’s supply chains and compound price pressures at the grocery store in the weeks to come.
Grocery prices in Canada could rise as the Middle East conflict disrupts supply chains
Analysts are warning the conflict in the Middle East could drive up costs across Canada's supply chains and compound price pressures at the grocery store.Global oil prices have risen sharply in recent days as Israeli and U.S. attacks on Iran threaten to escalate into a wider conflict and turn the Strait of Hormuz — a critical channel for global energy shipments — into a choke point."Because 20 per cent of the world's oil flows through the Strait…
Middle East conflict could drive up costs across Canada's supply chains: experts
Analysts warn that the conflict in the Middle East could drive up costs across Canada’s supply chains and compound price pressures at the grocery store in the weeks to come. Global oil prices have risen sharply in recent days as Israeli and U.S. attacks on Iran threaten to escalate into a wider conflict and turn the Strait of Hormuz — a critical channel for global energy shipments — into a choke point. Fraser Johnson of the Ivey Business School …
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