![\"\"\/](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/07\/1783590790_152_indicator-big.gif\")
<\/p>\nThat\u2019s why prices can climb before any actual supply is interrupted, McKnight said. Markets react to risk, and right now, he said, there\u2019s plenty of it.<\/p>\n
\t<\/p>\n
Global tensions aren\u2019t just caused by fear and uncertainty, McKnight noted.<\/p>\n
\u201cThe real problem is the supply problem caused by geopolitics, which is a fancy word for politicians getting involved in the supply and demand of crude oil, gasoline, diesel,\u201d he said.<\/p>\n
\u201c(But also politicians) getting involved in the price of gasoline that consumers pay at the pump.\u201d<\/p>\n
He said because of this, today\u2019s prices may not stick around for long as overseas tensions continue to develop.<\/p>\n
McKnight added he expects another increase could be around the corner as the markets respond.<\/p>\n
\u201cOver the next few days, you can probably see prices jump by about six to seven cents a litre,\u201d he said<\/p>\n
McKnight said the speed at which those changes reach local gas stations often surprises consumers. However, the connection between global oil prices and the neighbourhood pump is much quicker than many people realize.<\/p>\n
\u201cWhen you see a price spike in crude (oil, diesel and gasoline) it\u2019s two days before the consumer actually sees it,\u201d he explained.<\/p>\n
McKnight believes the market is entering a period where uncertainty will become the norm and as political tensions continue to evolve, he expects fuel prices to rise and fall.<\/p>\n
\u201cI can\u2019t see any stability in the price of crude or any refined products until January of 2027,\u201d he said.<\/p>\n
For people planning a summer road trip or spending long days on the road for work, McKnight suggested budgeting a little extra for fuel may be the safest practice.<\/p>\n
\u201cGrab the low prices while you can, because they certainly aren\u2019t going to last,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"That\u2019s why prices can climb before any actual supply is interrupted, McKnight said. Markets react to risk, and…\n","protected":false},"author":2,"featured_media":791391,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-791390","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/791390","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=791390"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/791390\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/791391"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=791390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=791390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=791390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}