The price of oil fell on Wednesday, September 18, 2019, after Saudi officials announced oil production halted by an attack on the heart of its oil industry would be fully restored within weeks.
An industry expert says a public inquiry into British Columbia's record-breaking gasoline prices may increase the public's understanding of a murky market but the provincial government's options for response are limited.
Gasoline prices are expected to remain just below record highs all across Canada this summer except in Vancouver — where a perfect storm of factors will likely ensure motorists continue to set new all-time records at the pumps.
The annual pace of inflation edged higher in February as gains in most spending categories offset lower gasoline prices, Statistics Canada said on Friday, March 22, 2019.
Natural gas service to much of British Columbia was being gradually restored on Thursday, October 11, 2018, after a pipeline explosion north of Prince George shut down a major supply artery to homes, institutions and industries.
President Donald Trump says Saudi Arabia's king "might not be there for two weeks" without U.S. military support, further increasing his pressure on one of America's closest Mideast allies over rising oil prices.
The gasoline shortage comes as prices have spiked 10 cents a litre in recent days across the Prairies, says Gasbuddy.com petroleum analyst Dan McTeague.