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Canadian pump prices creep higher as Mideast fighting escalates
Fuel prices usually decrease around this time of year, but drivers should not expect relief this season, according to an industry expert.
The summer driving season in Canada ends after Labour Day, and refineries switch to producing cheaper winter fuels afterward.
Crude oil prices have surged above US$100 a barrel due to increased fighting near the Strait of Hormuz, a key shipping lane.
Gasbuddy.com reports Canada's average price for regular gasoline is nearly $1.80 per litre and may rise to $1.85 soon, while diesel prices are also increasing during the fall harvest period.