Gas prices are on the rise, making it more expensive to hit the road

By Brittney Matejka
April 30, 2018 - 5:41pm Updated: April 30, 2018 - 7:24pm

 

MEDICINE HAT, AB. - The price of gas hit a $1.31 per litre today and drivers were not impressed fuelling up at the pump.

One man fuelling up his car said he thought the price was to high.

“I thought it was ridiculous,” he said. “A lot of people need to feed their families, most of us can barely get by with the price of gas now.”

The price is going up just as people are working out their summer plans. Some may already be questioning if they are willing to shell out more money to hit the road.

Gas prices in Vancouver reached a North American record high today reaching $1.61 per litre.

In the last week, the price of gas in Alberta went up $0.06 per litre according to Dan McTegue with GasBuddy.com. He said the low Canadian dollar is contributing to the rise in price of gas.

“The Canadian dollar remains weak because of the low oil prices,” he said. “(We are) going to continue to see upward pressure on the prices.”

Oil is currently sitting at $68.57 per barrel pushing the Canadian dollar to only 78 cents U.S.

McTegue said the current constraints of the Trans Mountain Pipeline are also driving the price of gas up.

“The Trans Mountain Pipeline proposal isn’t just about building a second line for crude,” he said. “It is also expanding the existing line which would add another 50,000 barrels of products like light oil (and) gasoline.”

Gas prices in Alberta could get higher this summer, especially in British Columbia if Alberta decides to turn off the tap.

 

Rattler Run sees almost 700 runners out in Medicine hat