Canada exports oil, and a war in the Middle East still raises what Canadians pay for gasoline
Drivers in Canadian cities paid an average of C$1.87 a litre for regular gasoline in the week ending September 15, 2026. It was C$1.40 in the week ending February 24, 2026, four days before US and Israeli strikes on Iran began a war. Canada exports oil, but its refiners pay world prices, and oil-producing provinces collect more revenue. The International Energy Agency put the Persian Gulf's August oil exports at nearly half the prewar level. No official negotiations are under way.