Gas prices spike in Edmonton
Published Thursday, April 28, 2011 6:42PM MDT
More pains at the gas pump after the price of gas jumped nearly a dime to 121.9 cents a litre at stations across the city.
The price of gas began to change shortly after the lunch hour on Thursday.
By late afternoon, there were still some stations that hadn't changed the price yet, including Costco on the west-end where gas was listed at 109.9 cents a litre. CTV News was told that price is not expected to change until Friday.
"When you look at a 109 to 121…that's a big difference," said motorist Gordon McClain.
The price at the pump is rising across Canada. Calgary sits at 123.9 and Vancouver tops out at 136.
NDP Leader Jack Layton claims this trend in soaring gas prices will end, if he's elected.
"Our first step would be to establish the ombudsman and use the competition laws to go after collusion in the industry. If that doesn't work, we're clearly going to look at further measures," he said.
Conservatives predict the NDP's cap and trade system would actually boost gas prices across Canada by at least 10 cents a litre.
Liberals say the government has to work with the big companies to bring gas prices down.
An energy analyst told CTV News the increase to the cost of crude combined with an increase in the wholesale price can be blamed for this spike at the pump.
He says he expects prices to continue to rise throughout the spring and summer.
With files from Dez Melenka