Petro-Canada

After announcing its purchase of 56 gas stations from the parent company of Sobeys on Thursday, December 15, 2022, Shell Canada is on the lookout for other potential acquisitions as it seeks to grow its retail fuel footprint across the country.

Sales of electric vehicles in Ontario have plummeted since the Progressive Conservative government cancelled a rebate last year, hampering progress toward a national target.

Federal officials raised the possibility of relaxing competition and fuel quality rules to ensure a stable supply of fuel while the Fort McMurray wildfire raged.

The gasoline shortage comes as prices have spiked 10 cents a litre in recent days across the Prairies, says Gasbuddy.com petroleum analyst Dan McTeague.