Harvey fallout means more gas pains over long weekend, analyst predicts

[guest]

If you’re planning a road trip this long weekend, it may roll over your wallet.

In Ottawa Friday morning, drivers reported gas prices topping out at 123.9 cents a litre, according to ottawagasprices.com. The cheapest gas was 109.9 cents a litre.

Late Thursday night, one motorist spotted gas at a whopping 129.9 cents a litre at a Nepean gas bar.

Petroleum industry analyst Dan McTeague predicted Thursday that Ottawa would see a five-cent rise in gas prices Friday followed by a nine-cent hike Saturday.

Hurricane Harvey has shut down a string of Gulf Coast refineries.

Meanwhile, Canadian prices rise “faster and higher” than anywhere else due to a tight petroleum supply and limited competition, McTeague said.

Gas Price Alert #Toronto #GTA #Hamilton #LdnOnt #Ottawa to

a 5 ct/l RISE @ ??Friday followed by a 9 ct/l HIKE Saturday (to 132.9 cpl in GTA)

— Dan McTeague (@GasBuddyDan) August 31, 2017
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Canadian ??prices rise faster & higher than anywhere else in the world signalling tight petroleum supply and market discipline: oligopoly https://t.co/0XxUAjNdgH

— Dan McTeague (@GasBuddyDan) September 1, 2017
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