Skip to main content

Featured

Gas Prices Are Finally Falling in Canada — Here's How Much You're Saving and What Comes Next

After weeks of painful price spikes driven by the U.S.-Iran conflict, Canadians are finally catching a break at the pump. The national average gas price dropped to 169.1 cents per litre on Monday, April 20 — down from a peak near 198 cents — as two things happened at once: Iran reopened the Strait of Hormuz to commercial traffic, and Prime Minister Mark Carney's federal fuel excise tax suspension came into effect. National Average 169.1¢/L ▼ Down from ~198¢/L peak Gas savings (excise tax) 10¢/L off gasoline until Sept. 7 Diesel savings 4¢/L off diesel until Sept. 7 WTI Crude (current) ~$87 ▼ Down from $120 peak What just happened — and why Since the U.S.-Iran conflict began in late February, Brent crude surged more than 55%, briefly topping $120 a barrel — the largest oil supply shock in the history of global markets, according to the Interna...
Post a Comment
Read more

article

Labels

Hurricane Beryl Makes Landfall in Yucatan Peninsula, Mexico

 

Early Friday morning, Hurricane Beryl struck Mexico’s Yucatan Peninsula, making landfall near the popular tourist area of Tulum. The storm, which had weakened to a Category 2, carried maximum sustained winds of 110 mph. 

As it barreled toward Tulum, “life-threatening” conditions—including hurricane-force winds, a dangerous storm surge, and heavy rainfall—were expected to impact Mexico’s top tourist destination. Residents in the area were advised to shelter in place, and rip currents were also a concern along the Gulf Coast. The storm is now expected to move over southern Texas this weekend, prompting preparations in the region.

Labels:

Comments

Post a Comment