As the year draws to a close, a senior petroleum analyst says drivers in New Brunswick paid more for gasoline in 2017.
Dan McTeague with Gasbuddy.com says higher demand for gas, a stronger U.S. and global economy and increasing oil prices were all factors this year.
“We saw prices on average anywhere from 10 to 15 cents per litre higher than in 2016 and about 7 cents higher than 2015,” he notes.
McTeague says oil prices climbed by about $10 to $12 a barrel this year.
He adds that was good enough for a roughly 10 cent increase at the pumps which will remain as long as oil remains above $55 a barrel.