April 24, 2014 1:00 pm

Steep gas prices sting Calgary drivers

CALGARY – Drivers are starting to feel some pain at the pumps.

The average price for a litre of gas in Calgary rose to $128.66 on Thursday, according to GasBuddy.com – much higher than the price of $112.08 from one year ago.

However, we still sit well below the national average, which is $138.31 a litre.

As for why prices have spiked across the country, Dan McTeague from the website TomorrowsGasPricesToday.com suggests while it may feel like price gouging, it actually has to do with our low dollar and the high cost of oil.

“It has to do the fact that there’s a very serious and distinct lack of competition among refineries in Canada,” says McTeague. “It’s not price fixing, it’s not collusion… it’s that you have no one left to collude with.”

GasBuddy suggests drivers can find places to fuel up in Calgary for as low as $122.9, or as high as $128.9.

The average price for a litre in Alberta currently sits at $126.06.


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