Gas prices to come down Monday as suspension of federal excise tax begins

Sunday, April 19, 2026 at 12:14 PM

The price of fuel is expected to drop about 10 cents Monday. The federal government has suspended the federal excise tax for the summer to provide some relief to Canadians as fuel prices soar. But, tensions continue to climb in the Middle Eastern war, as Iran reversed its decision to reopen the crucial Strait of Hormuz. This weekend, Iran fired on ships trying to pass through as the U.S. continued its blockade of Iranian ports. Experts say the continued tensions only adds more instability to world energy markets. U.S. President Donald Trump says negotiations with Iran to end the war will resume this week.