(File Photo/980 CJME)

By The Canadian Press

GAS PRICES

Gasoline prices up from a year ago as drivers head into holiday weekend

Sep 1, 2023 | 11:19 AM

Canadians planning to hit the road for the last long weekend of summer can expect to pay more for gasoline than they did last Labour Day.

The national average gasoline price as of Friday was $1.67 cents per litre, according to fuel price tracking website GasBuddy.com.

That compares to $1.37 cents per litre on Sept. 1, 2022.

As of Friday morning, GasBuddy said the average price for Saskatchewan is at $158.5 cents per litre.

Those prices vary in different regions of Saskatchewan with prices as high as $1.63 in Prince Albert and as low as $1.41 at a station in North Battleford.

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Gasoline prices began to rise in July and August of this year, in part due to crude oil production cuts by Saudi Arabia and Russia.

The benchmark crude price West Texas Intermediate hit a 12-month high Friday, hovering around the US$85 per barrel mark.

That compares to one year ago when WTI was about US$75 per barrel.

This report by The Canadian Press was first published Sept. 1, 2023.