Gas prices jumped in the London area Wednesday night, but the city isn't the worst off in the country.
London hit a two-year high, hitting 136.9 cents/litre, but the pain isn't just being felt here.
According to gasbuddy.com, on Thursday the average price in Vancouver was 149.98 cents/litre, while at the other extreme, the price in Calgary was just 118.35.
The low dollar and long winter are among the factors being blamed for the increase.
But gas price analyst Dan McTeague says "The reality is we should not be here. These prices are way above what we should expect."
And the prices may make some long for the good old days. It was in April just five years ago that Londoners were upset as gas prices hit a dollar.
But there may be some hope, McTeague predicts this is a high-water mark for prices, and he expects they'll fall as summer arrives.
Energy also impacting inflation
Rising energy prices also helped push Canada's inflation rate up by 0.4 per cent to 1.5 per cent in March.
Statistics Canada says the cost of energy and gasoline rose significantly both on a year-to-year basis and over the previous month.
Energy prices rose 4.6 per cent from last March, including a 17.9 per cent jump in natural gas, five per cent climb for electricity and 9.1 per cent for fuel oil.
On a month-to-month basis, average consumer prices rose 0.6 per cent, mostly due to a three per cent increase in gasoline.
With files from The Canadian Press
