Gas prices across Canada are witnessing notable fluctuations as of March 24, 2026, primarily influenced by ongoing global tensions stemming from the war in the Middle East. In Windsor, the average gas price has risen to 177.9 cents per litre, reflecting a 12 cent increase from last week and a staggering 44 cent increase compared to pre-war prices.
Calgary is also feeling the impact, with prices reaching $1.756 per litre. Meanwhile, in the Ottawa Valley, prices were reported on the same day, indicating a broader trend of rising fuel costs across the region.
The volatility in gas prices is largely attributed to a recent drop in oil prices, which fell more than 10 percent on Monday before rebounding on Tuesday. This fluctuation is compounded by the ongoing closure of the Strait of Hormuz to most vessels due to threats from Iran, a critical passage for approximately 20-25 percent of the world’s oil supply.
Industry experts are closely monitoring the situation. Dan McTeague predicts a potential 10 cent drop in wholesale gas prices on Wednesday, suggesting that the market may be responding to recent developments in U.S.-Iran negotiations. He noted that comments from President Trump regarding negotiations with Iranian officials may have influenced market perceptions.
Patrick De Haan from GasBuddy remarked, “we’re in uncharted territory” when it comes to forecasting oil prices due to the ongoing conflict. He advised consumers to stay alert to fluctuations in oil prices as indicators of future gas price movements.
The war in the Middle East has resulted in over 4,200 deaths, further exacerbating global instability and affecting energy markets. The surge in gas prices is a direct consequence of this unrest, as consumers face rising costs at the pump.
Details remain unconfirmed regarding the exact timeline of gas price changes and the outcome of ongoing negotiations between the U.S. and Iran. The potential for further escalation or de-escalation in the conflict remains unknown, leaving consumers and analysts alike in a state of uncertainty.
As the situation develops, it is clear that gas prices will continue to be influenced by global events, making it essential for consumers to stay informed about market trends.
