Ontario gas prices headed for major spike in wake of Harvey


This recent soar in gas prices is caused by the devastation to the Gulf Coast caused by Hurricane Harvey, which interrupted supplies to the East Coast.

Fill'er up - all the way up. gas prices are predicted to spike in Mississauga on Saturday, just in time for the Labour Day long weekend.

Dan McTeague, senior gas analyst at GasBuddy.com, calls it "the Hurricane Harvey Effect" as the storm has a major pipeline and 16 refineries in the United States offline. Marie, Thunder Bay, and Timmins have been reporting the highest gas prices, in the range of 131.9 to 133.9 cents per litre. At the start of the week, prices were about $1.14 a litre.

McTeague said although Alberta doesn't import gasoline from the USA, the prices are based on the larger market conditions.

The Canadian average gasoline price has risen above $1.16 per litre, according to GasBuddy. That translates to about 75 cents USA per gallon, he said, adding typical U.S. increases in affected states have been only about 20 cents per gallon.

Red Cross: Training for Texas aid full, but local volunteers still needed
The Red Cross is mobilizing its disaster partners to support feeding, child care, disaster assessment and other disaster services. So far, more than 35,000 people have sought refuge at Red Cross and partner shelters following "catastrophic" flooding in Texas.

Kalla Disappointed With Indonesia's Fifth Place at SEA Games
The medal tally sees Indonesia rank fifth on the medal table, below Singapore, Vietnam, Thailand and Malaysia. That is well short of the Sports Ministry's target of 55 gold medals.

Israeli-founded pharma company Kite snapped up for some $11 billion
Following completion of the tender offer, Gilead will acquire the remaining shares through a second-step merger at the same price. It improved, as 106 investors sold GILD shares while 656 reduced holdings. 111 funds opened positions while 421 raised stakes.

"Despite the country's overall oil and gasoline inventories being at or above five-year highs, until there is clear picture of damage and an idea when refineries can return to full operational status, gas prices will continue to increase", said Jeanette Casselano, a AAA spokeswoman.

"The supply is having to come from different areas farther away.You know they are having to truck gas in from different areas from different regions, and that raises the price", Tim Taylor, Manager of Smith's Chevron said.

TD Securities analyst Bart Melek said in a note Friday he expects crude oil prices to strengthen to above US$50 per barrel before the end of September as Houston refineries, ocean import facilities and pipelines gradually return to normal operations.

“And they will — theres a shortage coming out of the United States, ” McTeague said. There is enough gasoline to meet needs, especially with Edmonton and Regina refineries alongside smaller ones elsewhere.

Related news:

Hot News

isis-killer-beheading-video-story-top Microsoft pushes 'mixed reality' features with Windows 10 update
Sep 02, 2017 - 01:15
The Explorer will come in two versions - the headset by itself for $349.99, or the headset with the touch controllers for $449.99. That's £399 including the standard design motion controllers as part of a bundle, an expensive enough add-on in their own right.

isis-killer-beheading-video-story-top U.S. economy creates fewer jobs than expected in August
Sep 02, 2017 - 01:14
The ranks of the unemployed rose by 151,000 to 7.13 million, while the employment level fell 74,000 to 153.4 million. Construction and manufacturing industries were bright spots, picking up 28,000 and 36,000 workers respectively.

isis-killer-beheading-video-story-top Mother, son found safe, kidnapping suspect free
Sep 02, 2017 - 01:12
Venzor-Gonzalez also has warrants out for his arrest on suspicion of burglary and failure to appear, according to Pueblo police. Samantha Adams has cancer survivor and butterfly tattoos on her right wrist, the Sheriff's Office said.

isis-killer-beheading-video-story-top Nigeria vs Cameroon: how and where to watch
Sep 02, 2017 - 01:09
To get to Russian Federation , we need to beat Cameroun. "We are ready, the team is a mixed of young and experienced players". Nigeria have to prove they deserve to be on top of our group, we also have to prove that we deserve to be African champions.

isis-killer-beheading-video-story-top Mandira Bedi joins Prabhas starrer Saaho..
Sep 01, 2017 - 02:13
Since the film boasts of high octane sequences, worldwide stunt co-ordinators have been invited to direct the same for the film. Baahubali actor Prabhas has become one of the hottest properties in the Indian film industry, with many vying to with him.

isis-killer-beheading-video-story-top London cricket ground evacuated after 'crossbow bolt lands on field'
Sep 01, 2017 - 02:12
Middlesex fan Jeremy Lawrence saw players being rushed off the pitch shortly after the arrow landed. Mr Lawrence, who is a regular attendee at the Oval, said he had "never seen anything like it".

isis-killer-beheading-video-story-top United Kingdom and Japan to work 'quickly' on post-Brexit trade deal
Sep 01, 2017 - 02:12
Before the meeting, May described Japan as "the UK's closest security partner in Asia" and a "like-minded partner". She and Japanese Defense Minister Itsunori Onodera met on the Izumo at a naval base in Yokosuka, south of Tokyo.

isis-killer-beheading-video-story-top ND company selected to develop prototype for border wall
Sep 01, 2017 - 02:11
Customs and Border Protection, Ronald Vitiello, called the contractor selection "a significant milestone". Mr Trump promised in his election campaign past year to build a wall to keep out illegal immigrants.

isis-killer-beheading-video-story-top Sharapova drops 1st set in 2nd round at US Open
Sep 01, 2017 - 02:11
The 2006 US Open champion broke in the following game and held to clinch the second set as Babos sensed her chance was gone. Timea Babos hits a backhand slice during her second-round match against Maria Sharapova at the 2017 U.S.

isis-killer-beheading-video-story-top Chelsea complete deal for Torino full-back Zappacosta
Sep 01, 2017 - 02:05
News the deal had gone through came via the Blues' official website , with Zappacosta signing a four-year deal with his new club. Antonio Conte is eager to complete the signing of the defender before the transfer deadline.

isis-killer-beheading-video-story-top Renowned doctor's body found near Worli seaface
Sep 01, 2017 - 02:05
Amarapurkar, 58, was a senior gastroenterologist working with Bombay Hospital and is survived by his wife and two children. In a tragic turn of events, the 59-year-old was confirmed dead earlier this morning after his body was found near Worli.

isis-killer-beheading-video-story-top Gas prices in IL , country increase because of Harvey
Aug 31, 2017 - 01:46
While not yet known, early indicators do not seem to point to extensive damage to majority of refineries in the gulf. Refineries not affected by the storm will work over time and benefit from "crack spread".

isis-killer-beheading-video-story-top First FDA-approved genetic therapy fights leukemia
Aug 31, 2017 - 01:44
Centers for Medicare and Medicaid Services under which payment for the therapy will be based on clinical outcomes achieved. This type of immunotherapy, known as a CAR-T cell therapy, was known by the term CTL019 until now.

isis-killer-beheading-video-story-top FDA announces firmware update to resolve cybersecurity vulnerabilities in Abbott pacemakers
Aug 31, 2017 - 01:44
Abbott described the full update process in a Dear Doctor letter issued August 28, according to a safety update issued by the FDA. The update is part of Merlin@home v8.2.2, but pacemakers manufactured from 28 August will already contain the security patch.

isis-killer-beheading-video-story-top Viewpoint - Transgender military ban makes no sense
Aug 31, 2017 - 01:43
The White House had said that transgender people would be allowed to continue serving until Mattis had completed such an analysis. Mattis had requested six more months to study the issue when Trump tweeted about barring transgender service members.