Gas prices have crossed the dollar mark for the first time since November.
It will now cost you 105.9 cents to fill up at most stations – an 8 cent increase from yesterday.
GasBuddy.com’s Dan McTeague explains why we’re seeing the higher prices.
“This is really a premium a lot of which we are paying for as a result of concern by speculators and traders last week that the Fort McMurray fires might knock out some of the oil production and therefore the ability to produce gasoline,” he said.
He says if it’s any consolation – we still have among the lowest gas prices in Canada.
McTeague predicts prices could reach 110 cents this summer, but doesn’t think prices will be as high as last year.