Pinch at the pump: Gas prices soar to highest level since last September

There was a big pinch at the pump overnight for drivers in Newfoundland and Labrador, as gas prices jumped four cents a litre in a single setting.

For the 11th time in 12 weeks, the Public Utilities Board approved an increase in maximum gas prices.

A litre of self-serve unleaded gas on the Avalon Peninsula, for instance, can now sell for no more than $1.108.

That's the highest maximum price since last September.

The rally has been following a similar trend in the price of oil, which has been climbing since the winter.

The PUB also approved a hike of 3.2 cents in the price of diesel.

Furnace oil is up by 2.82 cents per litre, as is stove oil.

Price trend

The following chart shows the recent trend in average gas prices in the province, as reported by individual consumers through GasBuddy.com. [Not seeing the chart onamobile device? Click here to start navigating.]