Oil Hits $100. Your Costs Feel It Immediately.
Prepared by Jay Dion, In-house Policy Analyst
Supply-Build Canada
Oil has crossed the $100 per barrel mark, and the impact is already showing up where it hurts most: transportation and materials.
Freight costs are up as much as 30%. That flows straight through your operation: deliveries, margins, pricing conversations with contractors. At the same time, petroleum-based products are climbing, with building materials expected to increase between 5–20%.
Governments are watching closely. Canada and Manitoba are considering gas tax relief, while several European countries have already acted. But for now, the pressure sits with businesses.
What this means for you:
Costs are rising on both sides of the equation: moving product and sourcing it. Expect tighter margins and more pricing conversations ahead.