Oil and gas prices continue to rise as Iran war intensifies

VIDEO: By now you’ve probably heard the price at the pump is soaring. On Monday when the markets opened, the price on oil shot up to nearly $120 a barrel. This comes as the war in Iran intensifies and the supply chain on crude takes a beating. Here at home Canadians have noticed the impact of this war almost immediately. Since it’s outbreak, the price at the pump has been steadily climbing. On Friday, the average retail price across the nation was $1.50, an average increase of 20 cents per litre when compared to just a week earlier..