Gas prices in Regina go up

REGINA - Average retail gasoline prices in Regina have risen 8.0 c/L in the past week, averaging 137.31 c/L Sunday, according to GasBuddy's daily survey of 82 gas outlets in Regina. This compares with the national average that has increased 2.8 c/L in the last week to 137.08 c/L, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Regina during the past week, prices yesterday were 27.0 c/L lower than the same day one year ago and are 7.3 c/L higher than a month ago. The national average has increased 2.2 c/L during the last month and stands 26.5 c/L lower than this day one year ago.

According to GasBuddy historical data, gasoline prices on Aug. 4 in Regina have ranged widely over the last five years:
164.30 c/L in 2024, 158.89 c/L in 2023, 159.22 c/L in 2022, 130.98 c/L in 2021 and 99.70 c/L in 2020.

Areas near Regina and their current gas price climate:
Saskatoon- 129.75 c/L, down 0.5 c/L from last week's 130.25 c/L.
Saskatchewan- 134.69 c/L, up 3.5 c/L from last week's 131.20 c/L.
Winnipeg- 136.18 c/L, up 7.0 c/L from last week's 129.16 c/L.

“Gas prices jumped across Canada over the last week, with average prices rising in every province,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The increases were fueled not only by oil briefly hitting the $70 per barrel mark, but also by a weakening Canadian dollar— pressured by growing concerns over U.S.-Canada trade tensions. Since oil is traded in U.S. dollars, a weaker loonie makes it more expensive for Canadian refiners, ultimately pushing pump prices higher. With OPEC+ now set to raise production again in September, fully restoring output to 2023 levels, and economic uncertainty still in play, oil prices could face renewed headwinds. If Canada can reach a trade deal that strengthens the dollar, it may bring some relief to motorists later this summer.”

For live fuel price averages, visit http://FuelInsights.GasBuddy.com.