The roller coaster ride at the gas pumps continues.
Dan McTeague with Canadians for Affordable Energy says the wholesale price of gas went up 5 cents a litre on Thursday and that’s expected to be followed by another 3 cent jump on Friday, just ahead of the weekend.
He says that will bring the average price to fill up to $166.9 cents a litre, the highest we’ve seen since November 10th, 2022.
Despite the rising costs, McTeague says he expects to see lots of drivers hitting the road this summer.
“We’re looking at consumption rates, or potential driving expectations, which exceed anything we’ve seen over the past decade, I think people are going to get back in their vehicles and one of the underlying reasons might be that while these prices are bad, they are nowhere near where they were at this time last year.”
McTeague says prices were thirty to forty cents higher on average at this point last year, compared to now.