Calgary pump prices expected to rise as oil rebounds

The days of filling up the tank for less than85 cents a litre in Alberta may be in the rear mirror.

The price of oil pushed through $51 US a barrel this week, prompted byan OPEC agreement to cut production.

Gasoline prices usually aren't far behind,says petroleum analyst DanMcTeagueof the website Gasbuddy.com.

• INTERACTIVE:See the price of gas at stations across Calgary

"We're seeing increases in the order of about 10 cents a gallon out of the Chicago spot market and that of course means that wholesale prices for gas stations have gone up (or) will go up," he said.

McTeaguesays Alberta drivers filling up the tank will probably find that the price per litre willrise by several cents.

"The days of under 85 cents a litre gasoline may be over and likely not to be seen unless something dramatic should happen on the oil or gasoline side going forward."

But December prices will be low compared to the price in the new year.

On Jan. 1the provincial tax on gas will rise by nearly five cents a litre as part of the provincial government's carbon tax initiative.

• Oil pushes through $51 US a barrel, gas price hikes not far behind
• Alberta's carbon tax: What we still don't know