An instrumentation craftsman works at the Shell Saturn natural gas plant near Fort St. John, B.C., on Oct. 11, 2018. (The Canadian Press/Jonathan Hayward)
by Noe Chartier
October 7, 2021
News Analysis
As the price of natural gas surges due to both international factors and domestic policies, it could make for an expensive winter season for Canadians, say experts.
“There are constraints in several markets and demand has shot up post-pandemic,” says Timothy Egan, president and CEO of the Canadian Gas Association (CGA).
“There’s a significant demand for gas to be exported from the United States to global markets, and so that’s had an effect on the North American prices,” Egan told The Epoch Times.
The price of nearly all commodities has been increasing as inflation climbs, with Statistics Canada reporting that the consumer price index rose 4.1 percent on a year-over-year basis in August, the fastest pace since March 2003.
“Year over year, gasoline prices rose 32.5 percent in August, mainly driven by lower production from oil-producing countries compared with pre-pandemic levels,” the agency said in a report released Sept. 15.
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Drill baby drill !