Gas Prices are going to continue to get worse before they get better as the summer months inch closer across the country.
Canadian Gas Prices are predicted to be the most expensive within the decade this summer, due to a low Canadian dollar and rising oil prices. If it's any consolation prize to the province of Saskatchewan, other provinces like British Columbia and Alberta are worse off due to a carbon tax.
West Texas Intermediate oil is at a staggering $67 a barrel, and is predicted to get into the $70's by summer time. A year ago from this time, WTI was averaging right around $50 a barrel. It's traditionally believed that when oil prices rise to a higher amount, so does the Canadian dollar but that's not the case this time around in 2018.
The average gas price in Canada right now is $1.28, however, the average gas price in Saskatchewan is $1.15. Both numbers are expected to rise in the coming months.
Prices have jumped up 8.3 cents dating back just one month ago, and 12.0 cents from this time in April 2017.