The price of gas in Montreal has taken a big jump.
Gas prices at some stations in town have jumped as much as 12 cents a litre to reach 153.4. According to the gas price monitoring site Essence Montréal, that ties a record high, set on Sept. 11, 2012.
Chris Diraddo with Essence Montréal says a number of factors are leading to gas prices being as high as they are.
"We know that the Canadian dollar has been falling lately; that reduces the buying power of a barrel of oil," Diraddo says. "Also, we've had the price of oil going up. Usually, prices go up in the spring, just in time for the summer buying season.
Diraddo also suggests factors like the ongoing turmoil in Ukraine and the possibility of another busy Atlantic hurricane season affecting refining operations in the Gulf of Mexico could help push prices at the pumps even higher in the coming weeks and months.