Ontario gas prices headed for major spike in wake of Harvey

Ontario gas prices headed for major spike in wake of Harvey

Over seven days, Saskatoon saw gas prices rise from 99.9 cents a litre to 109.9 cents as of Friday.

The cheapest local listing remains Costco at 4411 Walker Rd., selling regular gas at 113.9 cents as of 10:30 a.m.

"Gasoline in NB (but not diesel or heating oil) likely to jump as much as 9 cents tonight at midnight in special Harvey price setting", CBC's resident Gas Guru Robert Jones tweeted this morning.

Motorists awoke to a hike of about five cents a litre on Friday, and can expect the price to rise another nine cents on Saturday, says petroleum analyst Dan McTeague.

Fuel prices skyrocketed in Windsor Thursday, reaching 123.9 per litre at many gas stations across the city, and the cost is only expected to continue.

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If you own a auto in Montreal, you may be rather unhappy in the weeks to come, because gas prices have gone up and will probably continue to do so.

"Prices could drop a little to say $1.05, or they could jump to $1.15, but for the most part, in southeastern Alberta, just over $1 is about where I see it". "There isn't a lot of spare wiggle room". US suppliers have been snapping up any lower-priced Canadian product to meet demand.

"Until we get engineers into the refineries to assess the damage it's all speculation", he said.

While he said he can not give an exact timeline as to when gas prices may dip back down, he does say they won't be changing too quickly. McTeague says he expects prices to stay between $1.25 to $1.35 until mid to late September. "With winter coming, winter gas is cheaper, so we should see prices go down a bit, at least back to what people are more used to".