Consumers in Canada could see some relief at gas pumps starting next week as gas refineries go through regular seasonal changes, but how much gas prices will drop is unclear as geopolitical risks keep analysts guessing about the long-term outlook.
A drop in available oil supplies worldwide typically leads to higher gas prices, unless demand falls significantly, while the opposite effect usually will see lower gas prices.
Gas prices in Canada, and worldwide, have skyrocketed ever since the United States and Israel launched joint attacks on Iran at the end of February. The conflict has been ongoing ever since, with a temporary ceasefire in June…
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