New sanctions on Iran, one of the world’s major oil producers, are already pushing up oil prices and could add another 5 cents a litre to the price of gasoline for Canadians this summer, GasBuddy analyst Dan Mcteague told Global News.
The prospect of pain at the pump through the summer driving season might spur more car-shopping Canadians to take a closer look at electric and hybrid vehicles.
There’s no question that battery-powered cars will save you a pretty penny when it comes to fuel costs.
Read Gas prices pinching your wallet? Here’s how much you could save with an electric car by Erica Alini at Global News.