gas prices

Is this the year you finally switch to an EV?

As gas prices climb and all-electric daily drives become a more familiar sight, it's reasonable to wonder if there's an EV out there that can fit into your family's lifestyle.

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The federal government is looking at ways to support Canadians as oil prices rise amid the ongoing war in the Middle East, Prime Minister Mark Carney said Tuesday.

Oil prices have surged since the U.S. and Israel attacked Iran on February 28. The Canadian Automobile Association (CAA) gas price tracker said on Tuesday that gas prices across Canada averaged more than $1.80 per litre, compared with about $1.32 a year ago and $1.51 on March 7.

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The Conservatives are calling on the Liberals to give Canadians some relief at the pumps by suspending federal taxes on gas and diesel for the rest of the year.

Conservative Leader Pierre Poilievre said Thursday that lifting the fuel excise tax, clean fuel standard and GST surcharges from gas and diesel would lower gas prices by about 25 cents a litre.

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Statistics Canada says the annual rate of inflation dipped below two per cent in February as the end of last year's federal "tax holiday" helped take some steam out of the yearly price comparisons.

The agency said Monday that February's inflation reading came in at 1.8 per cent year-over-year, half a percentage point lower than January's figures and just under economists’ expectations for the month.

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Canada will maintain its sanctions on Russia and its shadow fleet of oil transports, despite U.S. President Donald Trump's move to ease sanctions, Prime Minister Mark Carney said on Friday.

The United States placed a 30-day waiver on its Russian oil sanctions Thursday in response to oil price shocks caused by the war in Iran.

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