Ontario premier calls cost of gas ‘absolutely disgusting,’ raises price-gouging concerns

Ontario drivers woke up to an average fuel price of 170.2 cents per litre on Thursday and Premier Doug Ford was among those frustrated by the gas price increase. During a question and answer period at a stop in Oakville, Ont., Ford went off on gas prices, mentioning concerns about price gouging and comparisons to … Read more

Road oil demand to peak by 2032 as EVs become more common, Goldman forecasts – National

Descrease article font size Increase article font size Global road oil demand will rise five per cent to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to account for more than half of auto sales by … Read more

Electricity, gas bills could rise given proposed tax change. Why? – National

By Staff The Canadian Press Posted March 5, 2024 1:36 pm 1 min read Descrease article font size Increase article font size Electricity Canada is sounding the alarm over a proposed tax change it warns could see some private utilities saddled with millions in additional income taxes. Michael Powell, its vice-president of government relations, says that … Read more

Surging Oil Prices As Israel Prepares To Invade Gaza

Oil prices are rising again as Israel prepares to invade Gaza as soon as Saturday and the United States tightens sanctions on major crude-producing countries, sparking market fears over a drop in supply as demand increases. On Friday morning, the price per barrel of West-Texas Intermediate, the benchmark for contracts to deliver oil produced in … Read more