Fuel prices on the rise in Alberta

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Fuel prices on the rise in Alberta
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159.9 cents/litre at some Calgary stations. Drivers in Canada are once again feeling the financial pinch of rising fuel prices, and the nation's energy centre, Alberta, is no exception. yyc AustinLeeCTV

Calgarians awoke Wednesday morning to prices at the pump sitting at 159.9 cents per litre at many gas stations across the city.

"The wholesale price has risen so dramatically that gas stations are having a hard time trying to keep up," said market analyst Dan McTeague. "There are always refinery issues, that doesn't mean there is a shortage, but it is, at least in part, why we've seen prices rocket," said McTeague. "Bottom line, there is a huge cost to blocking pipelines and fiddling with your number one revenue generator."Albertans will be see the resumption of a portion of the provincial fuel tax — 4.5 cents per litre — effective Saturday.

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