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The Gas Tax Holiday Ends in 24 Days — Here's the Real Math on What You'll Save

  Published August 14, 2026 Ottawa's fuel excise tax suspension shuts off September 7. Here's what it's actually been worth at the pump, what changes the next morning, and who should plan a fill-up before Labour Day. The Countdown The federal fuel excise tax returns to full rate on September 8, 2026 — that's 24 days from today. Prices reset to their pre-April 20 rate the moment the clock hits midnight. If you've noticed gas feeling a little less painful since spring, that wasn't your imagination. On April 20, 2026, Ottawa suspended the federal fuel excise tax — 10 cents a litre off gasoline, 4 cents off diesel — as Middle East oil-supply disruptions pushed pump prices toward $2 a litre in some cities. The suspension, passed as part of Bill C-30, has been running for nearly four months. It ends September 7, inclusive. On September 8, the tax comes right back. What the holiday actually saved you The headline number — 10 cents a litre on gas — undersells it sligh...
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Markets Steady as U.S. Signals Protection for Hormuz Shipping

 

Tankers are seen off the coast of the Fujairah, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Fujairah, United Arab Emirates, March 3, 2026


Global markets showed signs of relief after President Donald Trump indicated that the United States is prepared to safeguard oil and gas shipments passing through the Strait of Hormuz, a critical chokepoint for global energy flows. His assurances came amid heightened tensions in the Middle East, where recent conflict had sharply disrupted tanker traffic and driven up energy prices.

Oil shipments through the strait had nearly halted due to fears of attacks and soaring war‑risk insurance costs, prompting concerns about supply shortages. Trump stated that the U.S. may deploy Navy escorts and provide political risk insurance and financial guarantees to ensure safe passage for commercial vessels. These measures helped calm market volatility and stabilize crude prices, which had surged following regional escalations. 

The Strait of Hormuz handles roughly one‑fifth of the world’s oil and LNG shipments, making any disruption immediately felt across global markets. By signaling a willingness to intervene, the U.S. aimed to restore confidence among shippers and energy traders, easing fears of prolonged supply interruptions. 

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