SASKATOON – Drivers in Saskatoon are in for a nasty shock at the pumps. Gas prices have jumped to $1.24, up 16 cents a litre.
In Regina, the spike was almost as high, with prices there going up to $1.21.
The increase in both cities is one of the biggest one-day jumps ever. The spike comes at a time when crude oil prices are at a six-year low.
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Analysts say the dropping loonie, and refinery problems in the U.S., are both to blame and drivers can expect to pay the price for at least the next month.
“We could see gas prices going even higher yet, even up to $1.28 per litre,” said Jason Toews, co-founder of Gas Buddy.
“By next week, we could see another seven to eight cent hike.”
For those looking to conserve fuel, here are some tips:
- keep your tires properly inflated;
- avoiding leaving vehicles idling, even for a few minutes;
- use air conditioning sparingly;
- drive at a slower pace; and
- keep your vehicle tuned up and running efficiently.
With files from Tania Kohut
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