The turbulent times at the pumps are continuing as the region pushes closer to the weekend in Waterloo Region, as experts say gas prices climbed Thursday, with diesel costs expected to bear the brunt of the climb, but are expected to drop once again Friday.
According to Canadians for Affordable Energy, gas prices climbed Thursday, Sept. 17, by as much as 8 cents, marking an average high of $1.90.9 per litre.
The climb comes a week after prices dropped across Waterloo Region, but rose again soon after, with experts pointing to ongoing market pressure, refinery output, and international tensions as key drivers of the fluctuations.
Drivers who rely on diesel, though, have seen an even steeper impact on their wallets.
Canadians for Affordable Energy said prices for diesel have jumped even further, by as much as 16 cents on Thursday, expected to hit as high as $2.67.9 per litre.
It continues the trend of consistent climbs for diesel owners, which jumped by 9 cents on Sept. 11.
While it’s a sharp jump for Thursday, though, experts said they expect to see an even steeper drop before the weekend rolls around.
Canadians for Affordable Energy said that prices for regular gasoline are predicted to drop by as much as 10 cents Friday, to an average high of $1.80.9 per litre.
As of now, there are no early predictors when it comes to diesel costs, which have only seen sizeable climbs over recent weeks.
The movements in price continue what’s been a financially turbulent season at the pumps, with fluctuations expected to keep affecting residents across Waterloo Region and the country as summer begins to wind down.
Comments