Inflation has increased, according to Statistics Canada, and gas prices are at least partly to blame. Here's why gas could be costing Canadians more over the next few months.

Gas prices are expected to reach an annual high this summer across Canada and into fall, with more than one factor causing the increase, experts say.

  • joshhsoj1902@lemmy.ca
    4·
    1 year ago

    And to clarify. Canada is a net exporter of oil. But most of that oil goes west and to port. About 10% of the oil we import is from the middle east. The majority of the oil we import is from the US. And we mainly import oil because it’s cheaper to import it than it is to move that much oil east.

    At this point it really doesn’t make sense to build infrastructure to to move oil east, and really since oil is one big market, us selling and then buying doesn’t really matter…