Canadian pump prices creep higher as Mideast fighting escalates
CALGARY — Fuel prices tend to ease off around this time of year, but one industry expert says drivers should expect no such relief this time.
The high-demand summer driving season winds down after Labour Day and refineries will soon switch to producing cheaper winter fuels.
But international crude oil prices have surged above US$100 a barrel as fighting once again escalates in the Strait of Hormuz, a vital shipping route out of the Persian Gulf.
Price-tracking website Gasbuddy.com says the national average for a litre of regular unleaded gasoline in Canada is almost $1.80, a more than three-cent jump from a day earlier.
