CALGARY — Canadians heading out on the road for the July 1 long weekend are going to find filling up at the pumps much less shock\u002Dinducing than it was a year…
“Prices have eased since the first half of last year for a variety of reasons including the fading of concerns regarding supply disruptions due to the Russian invasion of Ukraine and slower global economic growth,” ATB Financial wrote in an emailed newsletter on Wednesday.
Current crude oil prices remain above the five-year average of approximately US$53 per barrel, but the year-over-year decline has brought some relief to cash-strapped Canadians.Article content Though refiners have an entire year to become compliant with the new rules, which are intended to put a limit on the carbon intensity of fuels sold in Canada, Muralidharan said he believes consumers will feel the effects sooner rather than later.Article content
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