Paying more at the pumps; gas prices rise across the Maritimes
There is a big jump at the pumps in the Maritimes heading into the weekend.
Gas prices in Nova Scotia's Halifax region for regular self-serve is up 3.1 cents a litre for a minimum price of $1.47.
Diesel in Zone 1 is up 1.9 cents to a minimum price of $1.444.
But the highest price for gas is in Cape Breton's Zone 6 at $1.49.
On Prince Edward Island, regular self-serve is up 2.9 cents. The minimum price is now $1.486 Diesel is up 2.3 cents for a minimum of $1.569
Drivers will also be paying at the pumps in New Brunswick.
On Thursday, regular self-serve increased 3.5 cents to a maximum price of $1.512.
Diesel is up 2.1 cents. The maximum price is now $1.571.
Some people filling up their cars on Friday say they simply don't have a choice but to pay the price at the pump.
"We're trying to get back to Cape Breton so, we need to gas up so, you need to do what you need to do," said Lorne Baldin, who is travelling to Cape Breton.
"It's not good. Is there enough gas in the world to keep everything going," asked consumer Gordon Roach.
Energy pricing analyst Dan McTeague says the increase was bound to happen as a result of the lack of global investment in fossil fuels and pushback against exploration and development.
He says this all leads to decreased production.
"World demand has now picked up and what it has exposed is a short supply," said McTeague. "More than pent-up demand. This is about a supply short. It's a deliberate supply short."
The cost, he says, of a global shift to what he calls "the green agenda."
"If you're with that, that's great," said McTeague. "But you're going to have to pay for it."
Jean Marc Picard with the Atlantic Provinces Trucking Association says goods that rely on transport trucks to reach store shelves could also rise due to the increase at the pumps.
"If diesel goes up four cents today, well, the fuel surcharge won't go up for another week so, that four cents you've got to absorb it for a week," said Picard.
Some say the rising price of fuel is a sign that Canada's transition to renewable energy needs to happen sooner rather than later.
"When it comes to efficiency, for example, families are saving money on that," said Kelsey Lane, EAC Climate policy coordinator. "When it comes to electric vehicles, we know the maintenance and gas prices, $1,800 a year, there's lots of savings that are inherent in the transition."
CTVNews.ca Top Stories
BREAKING Louis Gossett Jr., 1st Black man to win supporting actor Oscar, dies at 87
Louis Gossett Jr., the first Black man to win a supporting actor Oscar and an Emmy winner for his role in the seminal TV miniseries 'Roots,' has died. He was 87.
Weather alerts issued for 7 provinces, 1 territory
Warnings of up to 60 millimetres of rain and other alerts have been issued for seven Canadian provinces and one territory ahead of the Easter weekend.
He didn't trust police but sought their help anyway. Two days later, he was dead
Jameek Lowery was among more than 330 Black people who died after police stopped them with tactics that aren’t supposed to be deadly, like physical restraint and use of stun guns, The Associated Press found.
Luxury cruise line selling world cruise suite for US$1.7 million
Luxury operator Regent Seven Seas Cruises is raising their price tag to eye-watering levels, with a suite on an upcoming 140-day world voyage costing US$1.7 million.
Why Kim Kardashian is being sued for 'knockoff' furniture
The estate of minimalist contemporary artist Donald Judd filed a lawsuit against Kardashian this week, claiming the fashion and beauty mogul promoted 'cheap knockoffs' of his furniture designs.
CRA no longer requiring 'bare trust' reporting in 2023 tax return
The Canada Revenue Agency announced Thursday it will not require 'bare trust' reporting from Canadians that it introduced for the 2024 tax season, just four days before the April 2 deadline.
A Filipino villager is nailed to a cross for the 35th time on Good Friday to pray for world peace
A Filipino villager has been nailed to a wooden cross for the 35th time to reenact Jesus Christ’s suffering in a brutal Good Friday tradition he said he would devote to pray for peace in Ukraine, Gaza and the disputed South China Sea.
Ontario homeowner on the hook for $27,000 when contractor severed power line
An Ontario man who built a garage on his property has been locked in a battle with his electricity provider for a year and half over a severed power line.
King Charles will attend Easter Sunday service at Windsor
Buckingham Palace officials say King Charles III and Queen Camilla will attend an Easter service at the chapel at Windsor Castle on Sunday.