The price of gasoline in this province took a five-cent-a-litre jump last week, just as the summer driving season is on the horizon.
To make matters worse, gas guru George Murphy expects the price will go up another two cents per litre this week.
Even Murphy is befuddled by the increases and is wondering where they’ll end.
A recent American report predicted that gasoline prices would remain stable in the U.S. this summer ... but that appears to be in stark contrast to this country and province.
It won’t take many hikes of this size to drive the price of a litre of gasoline over the $1.50 mark.
We’ve become accustomed in this province to paying a heavy price for gas but the pinch on our wallets is quickly getting worse and the heavy driving season hasn’t even started yet.
Some experts are blaming the increase in the world price of crude on the tensions in Ukraine, and if that is correct, we’re likely to see higher prices for some time.
There doesn’t appear to be any quick solution at hand to the standoff in Ukraine, in fact, the situation could easily get worse.
If that far-away violence is going to have an impact on the price of gasoline at our corner gas bars, it could be costly summer taking a vacation or heading to the cabin.
Diplomats are searching for a solution in Ukraine, but that could take months or years to resolve.
In the meantime, Newfoundlanders and Labradorians will pay in another way.