Gas prices in Calgary and the Ottawa Valley have seen notable increases recently, reflecting the ongoing global tensions stemming from the war in the Middle East. As of March 24, 2026, Calgary’s average gas price stands at $1.756 per litre, while Windsor’s average is reported at 177.9 cents per litre.
The surge in prices can be attributed to a combination of factors, including a significant drop in oil prices earlier this week, which fell more than 10 percent before rebounding. The Strait of Hormuz, a critical passage for oil transport, remains closed to most vessels due to threats from Iran, further complicating the situation.
According to Dan McTeague, a prominent energy analyst, there is a forecasted 10 cent drop in wholesale gas prices expected on Wednesday. However, this prediction comes amidst a backdrop of rising tensions and uncertainty. The war in the Middle East has already resulted in over 4,200 deaths, contributing to the volatility in global oil markets.
In Windsor, prices have increased by 12 cents from last week and are now 44 cents higher than before the onset of the war. This sharp rise highlights the impact of geopolitical events on local economies and consumer behavior.
Patrick De Haan from GasBuddy noted, “we’re in uncharted territory” when it comes to forecasting oil prices due to the ongoing conflict. He advises consumers to stay vigilant, stating, “if you see oil prices plummeting, that’s a pretty good indicator of what could happen next.” This sentiment underscores the unpredictable nature of the current market.
As the situation evolves, the exact timeline of gas price changes remains unclear. The outcome of negotiations between the U.S. and Iran is uncertain, and the potential for further escalation or de-escalation in the conflict remains unknown. Details remain unconfirmed.
For residents in Calgary and the Ottawa Valley, these fluctuations in gas prices are more than just numbers; they represent the broader implications of global events on daily life. As communities navigate these changes, staying informed through platforms like GasBuddy becomes increasingly important.
