Gas prices on the rise and are not predicted to stop

Gas prices continue to be one of the heaviest prices in people’s wallets.

According to GasBuddy, in the last week, gas prices have gone up nearly 3 cents in Regina.

The average gas price now sits at 157 cents per litre.

As of yesterday, gas prices in the city were 12 cents lower than the same day a year ago but 11 cents higher than a month ago.

Supposedly, increases in gas prices are not predicted to stop, “With oil prices continuing their climb last week, gasoline prices were pushed higher across much of the country. But, the real headline happened this weekend when OPEC+ members unexpectedly decided to cut over a million barrels per day of oil production, sending oil prices back over $80 per barrel. More significant jumps at the pump are likely coming down the pipeline,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

The national average has increased nearly 5 cents per litre in the last week sitting now at 152.

According to GasBuddy historical data, gas prices on April 3 in Regina have ranged widely over the last five years:
169 cents/L in 2022, 126 cents/L in 2021, 74 cents/L in 2020, 122 cents/L in 2019, and 116 cents/L in 2018.

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