Gasoline prices breaking records as crude oil tops US$90 a barrel
BNN Bloomberg
There is more pain at the pumps for Canadian drivers this week as gasoline prices climb to new record highs.
CALGARY -- Gasoline prices across Canada shattered an all-time record high on Friday, as crude prices soared above US$90 per barrel and North American refineries worked full throttle to keep up with demand.
The national average retail fuel price sat at 151.6 cents per litre as of 1.p.m. ET Friday, according to fuel price tracking website GasBuddy.com.
That's the highest average price on record, according to the website, which has data as far back as 2008.
It's also 38 cents higher than the average price at the pumps last year, 11 cents higher than the average last month and almost four cents higher than the price of gas just last week.
The national average retail price for gasoline in Canada has risen steadily over the last month, after starting the new year around the 145 cents per litre mark.
For 2021, a new record high was set on Oct. 28, when the national average price hit 147.3, according to GasBuddy.com.
