With summer's gasoline demand being over, usually fuel prices drop. But not this year.
Experts are saying that higher demand with more people on the road and increasing wholesale prices has motorists shelling out more at the pumps.
“An increase in the fall versus the summer is not something we've seen in five years,” said Dan McTeague, senior petroleum analyst at Gas Buddy.
Prices at this time of year haven’t soared this high in Fort Sask since 2012, when fall gasoline was approximately 25 cents per litre more that the summer average.
“I know a lot of people are upset by it, but the reality is that there is quite a strong rally in oil and gasoline,” added McTeague. "While we can grumble about it, we also know that it has a direct positive impact on our bottom line here in Alberta and dare I say right across Canada."
Gas prices spiked last week with some stations in the capital region charging $1.34 per litre.
The average summer gas price in the Fort Saskatchewan area was around 93 cents per litre.
If gas prices and the stock markets follow pattern, prices could be on the decline by mid-week.

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