Brace yourself — gas prices are hitting records as global energy crisis arrives in Canada

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North America has so far been spared huge leaps in energy costs Asia and Europe are dealing with.

An acute energy crisis is making its presence felt in North America as consumers are finally starting to feel the pinch of much higher prices to fill up their cars and heat their homes. The average retail price of gasoline in Canada hit $1.45 a litre on Wednesday, according to data compiled by retail analytics firm Kalibrate. 

That's a three-cent rise from Tuesday's level and enough to beat the previous record of 143.6 cents, set this August. Prior to that, you had to go back several years to see higher gas prices.

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Original Article Source Credits: CBC,

Article Written By: Pete Evans

Original Article Posted on: Oct 07, 2021

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