CALGARY – Canadians are being hit with all-time record gasoline prices heading into the Thanksgiving long weekend.
Federal government data shows the average national retail price for regular gasoline in Canada hit $1.45 per litre this week.
Fuel price consultancy firm Kalibrate, which has data all the way back to 2007, says these prices are record highs.
Some markets have seen double-digit week-over-week price increases. Drivers in the Manitoba cities of Brandon and Winnipeg saw the price at the pump go up by more than 11 cents per litre in the last week alone.
Overall, Canadian fuel prices are more than 40 cents per litre higher than they were last year.
Crude oil prices are at seven-year highs, which is the main factor behind higher gasoline costs. Higher carbon taxes are also reflected in retail gasoline prices.