Drivers across Canada were bracing for a big bump in the price at the pumps today, with whispers of a 10-cent hike. But according to CAA’s gas price tracker, as of 4 a.m., the national average price of gas rose from nearly $1.62 per litre to nearly $1.64. In oil-rich Alberta, prices inched a shade…

Gas prices jumped overnight in some cities across Canada by as much as almost 20 cents. According to the CAA’s gas price tracker, the price of gas is up nationally by just over three cents on average at 158 cents per litre, with some provinces seeing higher jumps than others. In Alberta, prices are up…

High gas prices have some Canadians thinking twice about travelling this summer, while others say it won’t stop them at all. Cory Madsen, a former Ottawa resident now living in Caronport, Saskatchewan, told The Epoch Times that he keeps downgrading his plans as prices rise. “Yup, was going to drive to Nova Scotia, but then…

Advocates for taxpayers and affordable energy blame the various levels of government in Canada for high gas prices and resultant high inflation, saying that tax relief and promotion of pipelines and the energy sector would alleviate the problem. In recent days, gas prices reached record highs in most regions of Canada, surpassing $2 per litre….

Commentary Oil prices have risen to a staggering US$120 per barrel in the wake of Russia’s invasion of Ukraine. But that’s not a record in real-dollar terms. Inflation-adjusted oil prices reached the same level in 2013, driving a supply response that temporarily lowered prices. World oil demand steadily increased, reaching a record 100 million barrels…