People are paying more at the pumps across western Canada.
In Regina gas is around 116.9 per liter, which is the most expensive regular fuel has been since spring 2016 during the Fort McMurray wildfire.
Dan McTeague a Senior Petroleum Analyst for Gasbuddy.com said the main reason for the increase is retailers having to pay more for their fuel.
“Here is the issue, for a lot of gas stations they’ve been told that the prices they have to buy their gas at is, with taxes in, before they can put on a six or seven cent retail margin, is about 1.10 a liter,” McTeague said on Friday.
Prices are as high as 1.27 in Calgary and 1.45 in Vancouver.
McTeague expects prices to level out next week around 1.05 to 1.10.
“What’s driven all this price upwards is there’s been almost a 60 cent a gallon increase in the Chicago mid-west spot prices for gasoline. That’s really the benchmark and the trend setter for all of gasoline in western Canada. It was up nearly 60 cents a gallon in over a week and a half and now it’s dropped back about 20 cents, so we could start to see some of those wholesale price pressures drop,” said McTeague.