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Price of gas hits record high in Halifax

The price of gas in Halifax has reached a record high on Friday.

It will now cost you $1.47 to fill up at the pumps.

That’s an increase of more than 3 cents per litre after the weekly setting by the Nova Scotia Utility and Review Board.

Diesel has climbed nearly two cents to $1.44 per litre.

Prices at the pumps are nearing the $1.50 mark across Nova Scotia, with the highest minimum price in Cape Breton at $1.49.

Gas became regulated in 2006.

Since then, the steepest price on record was in April 2014 when the cost at the pumps reached nearly $1.46 cents per litre in Halifax.

Prices have been on the rise in recent weeks thanks to an international energy resource shortage, which has been paired with a surging demand as the global economy tries to emerge from the pandemic.

One of the impacting factors is the price of oil, which pushed $83 a barrel this week.

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