Motorists in Calgary are suffering sticker shock after gasoline prices rose dramatically on Wednesday.
The average price for regular gas Tuesday was in the mid-90s. Wednesday morning prices went up to almost $1.12 per litre.
It’s the same story in many parts of the country, but Dan McTeague, a senior petroleum analyst with GasBuddy said the Prairies still have some of the lowest prices.
Eastern Canada prices have hit their highest level since October 2014. In the Greater Toronto Area, motorists are paying close to $1.22, while Montreal is peaking at about $1.27.
McTeague blames a combination of higher ingredients for summer fuel and the lower value of the loonie.
He said the highest average gas prices in Canada, aside from the Far North, are $1.39 in Vancouver.
With files from The Canadian Press