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Gas prices break through $1 per litre mark as demand increases

Published on May 26, 2009
Published on January 4, 2010
The Canadian Press ~ The News  RSS Feed
Topics :
CALGARY , Canada

CALGARY - The average price of gasoline across Canada has risen above $1 per litre for the first time in seven months.
The last time prices surpassed that threshold was the week of October 21, according to data compiled by Calgary consultant firm MJ Ervin & Associates.
Jason Toews of the price-tracking website Gasbuddy.com says the average pump price across Canada hit $1 over the weekend.
He says the nice spring weather is prompting Canadians to drive more, which bumps up demand for gasoline.
Toews is expecting national average gas prices to bounce around the $1.10 to $1.15 per litre range this summer.
That's nowhere near the eye-popping $1.40 per litre Canadian drivers faced last summer, when the price of crude oil was more than double its current level.

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