Gas Prices Update: Rising Oil Markets May Hit Canadian Consumers

We’re seeing gas prices rise sharply across Canada in early March 2026. Both regular gasoline and diesel are climbing after global oil markets reacted to geopolitical events in the Middle East. Analysts say these changes are likely to continue in the coming weeks.  Recent data shows oil prices, one of the biggest cost drivers for gasoline, are climbing at rates not seen in years. This is filtering directly down to what drivers pay at the pump.