Oilpatch optimism high in Sask. amid surging prices at the pump

While Saskatchewan’s oil and gas sector stands to benefit from a recent surge in global oil prices, drivers are feeling the pain at the pump.

Patrick De Haan, head of petroleum analysis at GasBuddy, said Canadian fuel prices are currently at or near record-highs as pandemic supply and demand begins to level out. 

In Regina Wednesday, most stations offered regular fuel at around $1.47 per litre. On the east and west coasts, it was nearly $1.70 per litre.

“It’s going to be a particularly painful year, especially in the spring and early part of summer,” De Haan said.

De Haan pointed to several factors