File photo by THE CANADIAN PRESS A gas pump is shown at a filling station in Montreal. An online price monitoring firm says gasoline prices in Canada have spiked at the highest average price ever recorded thanks mainly to a 17-cent increase in the price per litre of regular fuel in Calgary.

Alberta ‘gas bar shenanigans’ push national average price to five-year high

CALGARY — Soaring gasoline prices in Calgary and Edmonton have pushed the national average to a five-year high, according to an online price monitoring firm.

Dan McTeague of GasBuddy.com says the national average price for regular gasoline was 136.0 cents per litre on Thursday, up from 105.2 cents on the same date last year and closing in on the previous high of 139.1 cents in June 2013.

According to the website’s live price counter, prices in Calgary averaged 138.2 cents per litre on Thursday morning, up 11.6 cents from last week’s average and 43.8 cents from the same date a year ago.

Edmonton prices were at 136.2 cents per litre, up 13 cents from last week and 47.8 cents from 12 months ago.

McTeague says the biggest cause of this week’s surge in Alberta prices was “gas bar shenanigans,” as retailers who hadn’t passed on recent increases in wholesale prices decided to catch up all at once.

He doesn’t expect the increases to stick, pointing out some stations in Edmonton are already retreating.

“These prices will turtle but the point is that we are testing levels that have never been seen before,” he said.

He says average prices in Alberta are below the peak in September 2008 but most people are likely paying more for fuel because the current average is brought down by Costco, which tends to sell gasoline at cost to bring members into its stores.

McTeague says price increases are also being driven by higher profit margins at refineries, stronger oil prices, the weak Canadian loonie and higher Canadian taxes on fuel.

According to the GasBuddy.com website, prices on the Prairies have jumped the most compared to last year, with Alberta’s average price up 37 cents to 132.3 cents per litre as of Wednesday night, Manitoba up 36.2 cents and Saskatchewan ahead by 31.5 cents.

The site says British Columbia’s average price was the highest in the land as of Wednesday at 144.2 cents, a rise of 30.9 cents in the past 12 months.

Just Posted

VIDEO: Community ‘comes together’ at opening ceremonies

The nation will focus its eyes on Red Deer for the next… Continue reading

Red Deer man loses car after being caught twice driving with suspended licence

The Ponoka Integrated Traffic Unit ticketed the man in December and on Valentine’s Day

Plenty of Family Day fun lined up in local communities

Choices abound in Red Deer thanks to 2019 Canada Winter Games

Rural crooks using drones to target properties

Drone hovering over a property in Clearwater County was reported to RCMP

Blackfalds reviewing proposal to open its own registry office

Town administration expected to report back to council in two weeks

VIDEO: Community ‘comes together’ at opening ceremonies

The nation will focus its eyes on Red Deer for the next… Continue reading

Games athletes making themselves at home at RDC

Red Deer College’s campus will be home for the athletes during the 2019 Canada Winter Games

Alix resident captures beams of light near Lacombe

Lacombe, Blackfalds, Red Deer photos have since gone viral around the world

Welcome message from the mayor

On behalf of Red Deer city council, the City of Red Deer… Continue reading

Canada avoids world’s top players in opening round of Davis Cup

MADRID — Canada has avoided a confrontation with any of the current… Continue reading

Canada’s McKeever swaps skis for tuxedo, nominated for Laureus World Sport Award

CALGARY — From a glitzy awards ceremony in Monaco to the nordic… Continue reading

Scrutiny, family woes pile pressure on pregnant Meghan

LONDON — When Meghan Markle became engaged to Prince Harry, the American… Continue reading

It’s a girl! Berlin zoo’s baby polar bear has 1st checkup

Berlin’s Tierpark zoo says its latest baby polar bear is “a perky,… Continue reading

Local Sports: Kaitlan Linnell achieves hockey dream

Coming up through Red Deer minor hockey Kaitlan Linnell had a dream… Continue reading

Most Read