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
'A beautiful soul': Funeral held for baby boy killed in wrong-way crash on Highway 401
A funeral was held on Wednesday for a three-month-old boy who died after being involved in a wrong-way crash on Highway 401 in Whitby last week.
'Sophisticated' cyberattacks detected on B.C. government networks, premier says
There has been a "sophisticated" cybersecurity breach detected on B.C. government networks, Premier David Eby confirmed Wednesday evening.
Police handcuff man trying to enter Drake's Toronto mansion
Toronto police say a man was taken into custody outside Drake's Bridle Path mansion Wednesday afternoon after he tried to gain access to the residence.
Biden says he will stop sending bombs and artillery shells to Israel if they launch major invasion of Rafah
U.S. President Joe Biden said for the first time Wednesday he would halt shipments of American weapons to Israel, which he acknowledged have been used to kill civilians in Gaza, if Prime Minister Benjamin Netanyahu orders a major invasion of the city of Rafah.
Canucks claw out 5-4 comeback win over Oilers in Game 1
Dakota Joshua had a goal and two assists and the Vancouver Canucks scored three third-period goals to claw out a 5-4 comeback victory over the Edmonton Oilers in Game 1 of their second-round playoff series Wednesday.
Nijjar murder suspect says he had Canadian study permit in immigration firm's video
One of the Indian nationals accused of murdering British Columbia Sikh activist Hardeep Singh Nijjar says in a social media video that he received a Canadian study permit with the help of an Indian immigration consultancy.
Pfizer agrees to settle more than 10K lawsuits over Zantac cancer risk: Bloomberg News
Pfizer has agreed to settle more than 10,000 lawsuits about cancer risks related to the now discontinued heartburn drug Zantac, Bloomberg News reported on Wednesday, citing people familiar with the deal.
Quebec premier defends new museum on Quebecois nation after Indigenous criticism
Quebec Premier Francois Legault is defending his comments about a new history museum after he was accused by a prominent First Nations group of trying to erase their history.
U.S. presidential candidate RFK Jr. had a brain worm, has recovered, campaign says
Independent U.S. presidential candidate Robert F. Kennedy Jr. had a parasite in his brain more than a decade ago, but has fully recovered, his campaign said, after the New York Times reported about the ailment.