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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...
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Escalation in Gaza: Israeli Airstrikes Result in Civilian Casualties


In a tragic escalation of violence, at least 18 Palestinians were killed in Israeli airstrikes in Gaza on Saturday, according to Palestinian medics. The strikes targeted various locations, including a former shelter housing displaced people and an aid warehouse, which the Israeli military claimed were being used by militants. 

The airstrikes have intensified the already dire humanitarian situation in Gaza, with casualties being transported to hospitals by foot, on rickshaws, and in private cars. The conflict, which began on October 7, 2023, has resulted in significant loss of life and widespread displacement. Efforts by international mediators to broker a ceasefire continue, but the situation remains volatile. 

The international community has called for restraint and the protection of civilians, emphasizing the need for a peaceful resolution to the conflict. 


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