By CKPG News

Gas prices

No end in sight to rising gas prices

Mar 6, 2026 | 1:33 PM

PRINCE GEORGE — Since the Iran War started a week ago, the average price of gas is up at least 16 cents a litre in Canada, and 23 cents a litre in Prince George. It brings the average price at the pump in Prince George to $1.49.9 cents per litre.

Should the conflict continue, GasBuddy says prices will likely rise another 5 to 15 cents a litre the next week or two.

Petroleum Analyst Patrick De Haan says things won’t change until ships carrying oil resume regular travel through the Strait of Hormuz – which is a chokepoint for oil and other energy products.

“It’s very difficult to know as the situation continues to unfold. The Strait of Hormuz continuing to be blocked – the biggest pinch point here and that is sending oil up and making everything from gasoline, diesel and jet fuel more expensive.”

He says it’s an example of how a global event can affect all of us.

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“Canada sells and exports oil globally. It imports products. I mean, it’s a global economy so, you know, a lot of folks are saying ‘Canada produces a lot of its own, why are we beholden to this? The US is producing a lot of its own, why are we feeling the pinch?’ It’s a global economy.

“Canada wouldn’t probably be nearly the oil producer it is today if it wasn’t for the exports. It’s the global market that’s buying that oil. So, out of convenience, we can’t just turn that off. Companies have been built simply to produce oil for overseas consumption. So, that is why we are also impacted.”