Why do gas prices grow and climb this recently?

During the last week, drivers who were going to fill the gas tanks, no doubt, they saw the latest spikes in prices in pumps during the Canada.

The increase is also seen as in a global scale oil mainly reacts to the latest developments from the Middle East. In particular, Increase tensions between Iran and IsraelWith growing concerns, other nations can potentially draw potential with diplomacy or military presence.

Canada receives a large part of the oil refinement of gasoline products from the Middle East sources, including Saudi Arabia and other Opec + partnership.

“As Iran and Israel attacked each other, as oil attacks, oil prices are drawn up to 10 percent, and now we begin to see how much the cartridges fall on the pumps.”

“During the last week, the national average approached two kopecks and increased by a liter of sea time or in the west coast to three to four cents and more potential.“

The average price in Canada is about $ 1.36 for the regular class, Manitoba is about $ 1.28 in the lowest average and highest in English Columbia, Gasbuddy is about $ 1.55.

Although Increased tension in the Middle East is the main reason Gas prices in global scale have recently risen, price consumers have a large number of other factors in pumps and can sometimes be very unexpected.

The waving price of crude oil is usually a matter of supply and demand. In other words, how much consumers are collected in a global scale to transport the consumer compared to the need or in the near future.

Uncertainty covering the tariff policy of the Global Trade War and the US President Donald Trump is also reflected in gas pumps. This is because oil companies have determined that they expect oil companies to be in the near future.

Many economists warned that Tariffs can cause global recessionAnd less economic output usually turns less fuel consumption.

In the early spring, the demand for fuel with expectations and thus crude oil and economic decline, oil companies oil companies took low prices.

“Although the economy is better, we consume more oil. However, if the economy is going to grow negatively, we see that oil prices are reduced,” he said.

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“The United States and its presidency revived the trade policy. There is still a wide potential for opportunities and a large needle movel has a turn in politics.”

In early April, the National Medium Gas Price of the Canada fell to the lowest point of year, which is so far, only from $ 1.29, which began to use Trump in almost all countries in almost all countries.

This was along with Prime Minister Mark Carney To remove the consumer carbon priceAnd in this case, it reduced gas prices overnight.

Another factor that can get higher gas prices in the near future is the inevitable increase in the demand in the summer months.

It means the peak requirement of fuel used to use some recreational means such as cars, aircraft, trains or ship, ATVs and motorcycles or even accessories or leaves and more.

The sequence of the summit during the summer year, the sequence of the summit was launched by repairing and increasing oil companies by producing and producing oil companies.

This means that peak requires and higher gas prices can only be in the corner, which means the prices can return slowly after reaching this peak.

“The process of summer, oil embroidery and cleaners is carried out by seasonal operation, then it is transitioned, it also reduces gas prices, which continues in the summer longer,” Haan said.

“Thus, if gas prices begin in the Middle East, or if there is no new noise, it is something that can affect cleanliness ….“

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