Canadian Drivers’ Reprieve from Carbon Tax Wiped Out by Iran War

Traffic in Toronto.

Photographer: Chloe Ellingson/Bloomberg

The war in Iran has ended Canadian drivers’ nearly yearlong sojourn with lower gasoline prices ever since Prime Minister Mark Carney eliminated the country’s consumer carbon tax.

The average cost at the pump has surged to C$1.55 ($1.1359) a liter from about C$1.30 in late February, according to price tracker GasBuddy.com. That is equivalent to about $4.28 a gallon in the US.