Fuel prices continue to climb in Canada (www.ctvnews.ca)

submitted 1 month ago by NarrativeBear@lemmy.world to c/canada@lemmy.ca

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The cost for diesel is up across Canada, and gas prices are also climbing, with an eye-popping 18 cents per litre hike in northern Ontario with a national average increase for the past week of 5.7 cents.

The ongoing conflict between Iran and Israel continues to cause market instability, which is affecting supply and demand for oil.

“For now, the trend will remain upward until there is either a halt in escalations or de-escalations,” said petroleum analyst Patrick De Haan. “I think the market may find some stability here as this has been ongoing for a week, so the market is no longer shocked by new developments.”

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[-] Arkouda@lemmy.ca 1 points 1 month ago

I always try to prepare in a way that does not require things like electricity and fuel considering that if you require either for long term survival you are putting yourself on a ticking clock. Things I have in a go bag are some basic tools, some basic supplies like food and water, and a local outdoor survival manual that I purchase when a new addition comes out.

[-] FaceDeer@fedia.io 4 points 1 month ago

My main reasoning behind having a buffer of gasoline stored (I rotate through it, no need for stabilizer) is so that if something absolutely catastrophic happens I can make it to a relative's farm without having to stop for gas along the way. It also happens to be handy for the less-catastrophic-but-still-annoying situation we might be facing now, of a sudden fuel price spike.