Gas prices going up in Calgary

Gasoline is averaging about $1.09 per litre in the City of Calgary heading into the weekend, and analysts remind consumers that it's not the price of crude that governs the cost at the pump.

If you’re looking for a weekend road trip, you should expect to pay more at gas stations throughout the City of Calgary.

Earlier this week, the price per litre for regular gas was hovering just under a dollar, but you’d be hard pressed to find that anywhere now.

The average price in Calgary is around $1.09 per litre.

The price of crude is still relatively low, closing Thursday at around $58 per barrel, but analysts are warning that it’s not the price of the commodity that has an effect on prices at the pump.

“It’s a real myth that gasoline prices should simply follow crude prices,” says Michael Ervin, oil and gas consultant. “Besides crude prices, there’s another commodity, which is gasoline itself. That’s the product that dealers put in their tanks to sell and gasoline, just like many other commodities, has a price that is really dependent on supply and demand.”

Premier Rachel Notley says that we should be refining more of our own oil here and that should soften the blow for consumers.