A dose of pessimistic reality: There’s a storm on the horizon (Canada)

Even if you don’t own a vehicle or a home, relentlessly rising oil and gas prices are hammering your budget. That’s because energy costs are internalized in almost everything you buy and everything you do.

Parents are seeing increases in the cost of Huggies diapers, bakers are paying more for plastic packaging, homemakers are paying more for detergents, cosmetics and drugs. Even that polyester fleece you’ll need to ward off the chill after lowering the thermostat next winter will be more expensive, all because petrochemical companies who manufacture the resin for these and myriad other products have raised prices by 50 per cent.

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