SHIFTHEADS: Good News at the Pump. Bad News Behind It.

Shane Hewitt and The Nightshift · Jun 16, 2026 · 8m

Gas prices Canada-wide are dropping this week, and Dan McTeague, President of Canadians for Affordable Energy, is here with the regional breakdown and the reason not to get too comfortable. The ceasefire sent markets into relief mode, but sentiment and supply are two different things, and the global oil shortage that built up over the past several months is not going to be resolved by a signed memorandum in Switzerland.

McTeague maps the gap between what futures markets are pricing in and what a barrel of oil actually costs on the spot market right now, which is running significantly higher…