Here’s how much more we’re paying for gas than Americans are

Global News

Just like Canadian motorists and commuters, Americans find themselves shelling out more this spring for gas.

Just not quite as much as we are.

On average, U.S. drivers are paying about 10 per cent more at the moment compared to retail prices at the beginning of the year, according to new research published Wednesday by BMO Economics.

But the U.S. spike remains “within the relatively narrow band” that’s been established over the past three springs,  BMO said, as the driving season picks up and supply tightens.

How about here in Canada? We “haven’t been as lucky,” BMO noted.

Far from remaining within the recent seasonal pattern, retail gas prices have shot through that trend this spring, thanks to a weaker loonie.

READ MORE: Should we buckle up for $1.60 gasoline prices?

The loonie has fallen by about 10 per cent against the US dollar since the end of last summer, and is now valued…

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