DON'T EXPECT ANY RELIEF AT THE PUMPS, SENIOR PETROLEUM ANALYST WARNS 1/10/2018 7:59:14 AM
According to GasBuddy, Canadian motorists are headed toward some pain at the pumps this year.
GasBuddy senior petroleum analyst Dan McTeague says gas prices will average $1.19 per liter over the year, the highest level since 2014.
McTeague estimates with a surging U.S. dollar versus a weaker loonie; pump prices will rise an average of five to 10 cents a liter across the country.
The senior petroleum analyst believes costs are going to get worse, especially in the summer, when refineries switch to the more expensive summer blend gasoline.
September will likely deliver the sharpest price pains, with the national gas price average peaking at $1.24 per liter.