{"id":687997,"date":"2026-05-23T06:24:10","date_gmt":"2026-05-23T06:24:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/687997\/"},"modified":"2026-05-23T06:24:10","modified_gmt":"2026-05-23T06:24:10","slug":"fuel-prices-canada-could-see-relief-at-pumps-this-weekend","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/687997\/","title":{"rendered":"Fuel prices: Canada could see relief at pumps this weekend"},"content":{"rendered":"

Paul Hollingsworth looks at gas prices heading into the weekend and why Canadians might be getting a slight break at the pumps. <\/p>\n

HALIFAX \u2013 Every time Jordan Poole fills up at the gas station near his home in Halifax, his reaction is always the same. <\/p>\n

\u201cI think, \u2018oh, there goes some more dollars out of my bank account that I\u2019d rather be putting somewhere else,\u2019\u201d he Poole.<\/p>\n

Taxi driver Michael Tran said the high cost at the pumps is crushing his business.<\/p>\n

\u201cLately it is horrible,\u201d said Tran, who has been driving a cab since 1991.<\/p>\n

But finally, there is some good news for drivers across the country \u2013 the price of gas is down considerably.<\/p>\n

\u201cThe average decrease was nine cents a litre,\u201d said Dan McTeague, president of Canadians for Affordable Energy.<\/p>\n

\"\"A person pumps gas in Montreal on Thursday, April 2, 2026. THE CANADIAN PRESS\/Christinne Muschi A person pumps gas in Montreal on Thursday, April 2, 2026. THE CANADIAN PRESS\/Christinne Muschi <\/p>\n

In the three Maritime provinces, gas is more expensive compared to the national average, but Nova Scotians are still enjoying a drop of more than three cents heading into the weekend, with prices in Halifax sitting just above $1.92 a litre for regular self-serve gasoline.<\/p>\n

\u201cAnd they\u2019re likely to see another four-cent decrease on Saturday on average in Canada,\u201d said McTeague, who added diesel has also dropped nine cents a litre in many parts of Canada.<\/p>\n

According to McTeague, the drop in cost has been sparked by a reduction in stored gas, which helps set the price of fuel throughout North America. There is also some renewed optimism about the war with Iran ending, which impacts the oil markets.<\/p>\n

It should all be welcome news, but Halifax commuter Chris Weiler remained skeptical as he fuelled up on Friday.<\/p>\n

\u201cIn the grand scheme of things, you\u2019ll end up paying more next week,\u201d said Weiler. \u201cIt is insane. You can\u2019t catch a break and my road trip in three days is going to cost me $300 more than it would have a few months back.\u201d<\/p>\n

\"\"A person fills up their car at a gas station in Montreal on Thursday, March 5, 2026. THE CANADIAN PRESS\/Christopher Katsarov A person fills up their car at a gas station in Montreal on Thursday, March 5, 2026. THE CANADIAN PRESS\/Christopher Katsarov <\/p>\n

McTeague confirmed Weiler\u2019s concerns and expects gas to again climb in price before the weekend is over.<\/p>\n

\u201cOn Sunday, I\u2019m expecting anywhere from a three-to-five cent increase,\u201d he said.<\/p>\n

McTeague said Canada\u2019s surging fuel prices continue to be linked to world events. As long as the war with Iran continues and the Strait of Hormuz remains blocked, any drop in gas and diesel prices will be short-lived, because of the continued strain on the global oil supply.<\/p>\n

\u201cThe world today is short 1.6 billion barrels of oil and we are in a world that uses 100 million barrels a day,\u201d said McTeague, who has concerns the cost of oil could jump to $150 a barrel over the next several months. <\/p>\n

That would increase the price of gas by another 40 cents a litre, at a time when Canadians would be driving more during the summer season.<\/p>\n","protected":false},"excerpt":{"rendered":"Paul Hollingsworth looks at gas prices heading into the weekend and why Canadians might be getting a slight…\n","protected":false},"author":2,"featured_media":687528,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[712,45,49,48],"class_list":["post-687997","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-apple-news","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/687997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=687997"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/687997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/687528"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=687997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=687997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=687997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}