For Canadians, higher gas prices represent another hit to our finances.
By increasing transportation costs, surging gas prices mean people have less money available for anything else.
And of course, higher fuel prices push up the cost of food, clothing, and nearly everything else. Since companies must transport goods and find it more expensive to do so, they are left with no choice but to pass on that cost to consumers.
This pushes people into a binary choice:
Continue to drive and cut back on other expenses, or cut back on driving.
Both ‘choices’ represent a narrowing of financial freedom and personal freedom.
