Daily Brief: Canada Gas Surges 38.7%, Ecuador Drops 29.6%

Canada's gasoline prices surged the most among tracked markets, rising 38.7% to $1.123 per liter over the past week, according to Nexignis data. The spike follows reports that Prime Minister Carney suspended the gas tax, as per The New York Times, amid war-driven fuel cost increases. A former Air Canada executive warned of impacts on airlines, per The Logic.

In contrast, Ecuador saw gasoline drop 29.6% to $0.834 per liter, as reported by OilPrice.com, amid ongoing fuel theft losses and policy failures dragging the sector lower. The UK's diesel fell 26.4% to $2.582 per liter, with CNBC noting Trump's renewed criticism of UK North Sea oil policy.

Looking ahead, attention turns to Canadian oil producers' upcoming profit reports, per CBC, and the broader impact of the Iran war on global fuel prices, as highlighted by Statista and Al Jazeera.