CTV: “We’re going to be stuck for the next year, maybe two years, with unusually high prices,” Dan McTeague, president of Canadians for Affordable Energy, told CTV News. “Don’t look for C$1.30 (per litre) at the pumps anytime soon. Even with the federal government giving off a 10-cent excise tax break, we’ll be lucky if we can stay in the C$1.50 (per litre) range for the remainder of 2026.”.
Analysts point to depleted oil reserves that will take time to be replenished. Dozens of oil refineries and major energy assets have been bombed and damaged during the conflict, and there’s still multiple murky details that need clarity…