Source: Jeff Lagerquist, CTV News, April 11, 2018
Canadians should expect gas prices to surge to a 10-year high this summer as a more expensive blend of fuel reaches the pumps and supply remains tight in British Columbia, according to a prominent petroleum industry analyst.
“The prices for fuel have nowhere to go but up,” Dan McTeague of the online tech company GasBuddy told CTV Ottawa on Tuesday. “It looks like we’re heading towards a very expensive summer. Likely the most expensive we’ve seen in about a decade.”
B.C. drivers have felt the most pain at the pumps recently, with the price of regular gasoline currently hovering at an average of $1.35 per litre, according to the latest figures from GasBuddy. Prices in that province brushed against record highs above $1.50 per litre earlier this month.
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