Tag: Gasoline

Canadians Could Pay Over $1,000 For Gas This Summer – National | Globalnews.ca

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Gas prices in Canada are approaching record highs and could remain there through much for the summer. With oil prices climbing, drivers from coast to coast are likely in for the priciest driving season in four years, according to analysts. The national average gas price is currently hovering around $1.34 a litre, up from around $1.09 a litre this time last year, said Dan McTeague, senior petroleum analyst at GasBuddy. And there are few signs that the pain at the pump will ease off as the spring turns into summer. Gas prices…

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Gas Prices Spike And Canadians Keep Filling Up | CBC News

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Gas prices keep climbing across the country, yet Canadians show no sign of slowing down how much gas and diesel they pump into their cars and trucks. Pump prices have jumped almost 20 cents per litre across Canada over the last three months for regular gasoline and are expected to continue rising this summer. On Wednesday, a litre of gasoline was more than $1.60 at some stations in Vancouver. Gas prices hit record in Vancouver, highest in North America Suncor, the parent company of Petro-Canada, announced on Wednesday record volume sales at…

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5 Reasons Why Gas Prices Are Set To Go Up In Canada — And Fast | CBC News

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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…

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No Relief At The Pumps For Consumers, As Refiners Pocket Benefit Of Low Oil Prices | CTV News

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There may be no fact of life more confounding to ordinary Canadians than gas prices. They seem to go up at the first whisper of climbing oil prices, but don’t fall nearly as fast when barrels of oil sell for less. That’s certainly true right now. Oil is selling for about US$55 a barrel, about half of an eight-year peak of $108 in 2014. The average barrel price that year was $88. Gas prices hit a high of $1.41 a litre in Canada in 2014 and averaged $1.28 for the…

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Gasoline Analyst Questions N.S.’s Regulated System After Price Swings – Nova Scotia – CBC News

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Nova Scotians have had gas prices spike three times in the last two weeks, with the Utility and Review Board invoking the interrupter clause on Sept. 2 to raise the price. (The Associated Press) A petroleum analyst is questioning Nova Scotia’s practice of setting weekly gas prices after large recent swings in the cost of filling up. Dan McTeague with gasbuddy.com said the price of gasoline on global markets has been steadily going down since Hurricane Harvey caused it to spike, and dropped “dramatically so as early as late last week.” He’s criticizing the Nova…

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Nova Scotia Gas Prices Jump As Weather Rages In Texas – Nova Scotia – CBC News

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Storm weather in Texas may be miles away from Nova Scotia but it’s having an effect on the price of gas here. On Friday, regular gasoline in Nova Scotia jumped seven cents to $1.13 per litre; diesel is up two cents per litre at $0.99. Dan McTeague, a petroleum analyst with the website GasBuddy.com, said those spikes are just the start and there is “definitely more to come.” “The increases that we are paying today is about half of what we’ve seen in, say, other parts of eastern Canada,” McTeague…

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The Rise Of Electric Cars Will Kill The Gas Station – Engadget

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Gas stations are a lifeline. They not only fuel our cars but us, too — whether it’s with lukewarm coffee during the morning commute or the salty-sweet buffet during road trips. They’re a glowing oasis when the gas tank is empty and our bladders are full. It’s going to be a long while before the handy service station goes away, but its days are numbered — because electric cars are going to change everything. One of the biggest complaints you hear about electric vehicles is that you can’t refuel them…

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