Gas prices rose to over $2 per litre in many stations in Montreal on Thursday as well. Just how high gas prices could get is hard to pinpoint, said GasBuddy petroleum analyst Matt McClain. WATCH | Gas prices continue to soar: Soaring gas prices hitting Canadians hard. Trump briefly referenced the rising gasoline prices in his address, promising that once the war ended, the Strait of Hormuz would "open naturally" and gas prices would come down rapidly. That will take longer to repair and could keep prices high even longer, he said.

Source: CBC News April 03, 2026 22:28 UTC