Canadian Gas Jumped From $1.28 to $2.14 in One Month. Here's Exactly Why And Who's Responsible.
May 5, 2026
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17:18Now PlayingCanadian Gas Jumped From $1.28 to $2.14 in One Month. Here's Exactly Why And Who's Responsible.
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as posted by the channelThe Strait of Hormuz — 20% of global oil supply — has been effectively closed for nearly two months due to the US-Iran war. Oil is above $90/barrel. US gas hit $4.05/gallon. Canadian gas spiked from $1.28 to $1.74/litre in one month. Groceries are already 27% higher than five years ago.Carney's response: suspended the federal fuel excise tax to save 10 cents/litre. Against a $0.46 increase.Kelsi Sheren connects the dots between Trump's war, the Hormuz closure, Canadian energy policy failure, and what you're paying at the checkout this week
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