The price of filling up a tank of gas is a classic Canadian irritation. But a confluence of factors may soon make that process even more gobsmacking than usual.
Here’s a look at five reasons gas prices are soaring.
A big one is that gas prices always rise around this time of year. “Usually we see a gasoline demand spike in the second week of June,” GasBuddy.com’s senior petroleum analyst Dan McTeague says.
While few people put any thought to it on a fill-up, the chemical composition of gasoline is different in summer than it is in winter because the fuel is adapted for different weather conditions. Refineries have to calibrate their systems to handle the different makeup, and that normally happens this time of year. Often they shut down for a few days to make the switch, which pushes prices up even more due to the temporary dip in supply.
Read full story here: 5 Reasons Why Gas Prices Are Set To Go Up In Canada — And Fast | CBC News
