B.C. gas prices forecast to hit record high amid stalemate in Iran, U.S. peace talks
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Global News - Main Feed
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CBS News - Top Stories
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Prices haven't been this high in Winnipeg since the summer of 2022, when they went over $2 per litre.
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Demand for oil is vastly outstripping supply due to the war in Iran.
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Oil prices hit 4-year high amid Iran war.
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Oil surged overnight Wednesday into Thursday to $126 a barrel, before eventually falling.
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CBS News MoneyWatch correspondent Kelly O'Grady reports.
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Gas prices are set to surge again on Friday despite the temporary suspension of the 10 cents per litre federal fuel tax that was implemented just 10 days ago.
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