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Retail prices averaged 128.2 cents per litre for regular unleaded gas across the Ottawa region Saturday, up 7.8 cents per litre from Friday according to GasBuddy.com, a website that tracks energy prices across North America.
On average, prices were up a dramatic 27.5 per litre from a month ago, before Hurricane Harvey shuttered one-third of America’s oil refining capacity.
The increases in prices across the region have been significantly faster than has been the case across Ontario, where retail prices averaged 126 cents per litre, up just four cents from Friday and 16.4 cents from the pre-Hurricane Harvey period.
There’s no real explanation for extra zip in the capital region’s gas prices, especially considering that pump prices in Ottawa-Gatineau have generally lagged those of Ontario for at least the past seven years.
And the tab is likely to continue to rise in coming days.
Economists at the TD Bank predict prices could reach a three-year high, which would mean Ottawa motorists could soon be paying more than 140 cents per litre.
The all-time high for the capital region, according to GasBuddy.com was 142.4 cents per litre, reached on Sept. 15, 2008.
That was days before the onset of the global economic crisis, which pushed prices all the way down to 73.3 cents per litre by early 2009.
We are unlikely to see anything approaching those kinds of plummeting prices this time around. Hurricane Harvey is natural disaster, which means prices will likely retreat to previous levels as soon as the refineries begin humming again.
Meantime, be prepared for short-term pump shock.
查看原文...
On average, prices were up a dramatic 27.5 per litre from a month ago, before Hurricane Harvey shuttered one-third of America’s oil refining capacity.
The increases in prices across the region have been significantly faster than has been the case across Ontario, where retail prices averaged 126 cents per litre, up just four cents from Friday and 16.4 cents from the pre-Hurricane Harvey period.
There’s no real explanation for extra zip in the capital region’s gas prices, especially considering that pump prices in Ottawa-Gatineau have generally lagged those of Ontario for at least the past seven years.
And the tab is likely to continue to rise in coming days.
Economists at the TD Bank predict prices could reach a three-year high, which would mean Ottawa motorists could soon be paying more than 140 cents per litre.
The all-time high for the capital region, according to GasBuddy.com was 142.4 cents per litre, reached on Sept. 15, 2008.
That was days before the onset of the global economic crisis, which pushed prices all the way down to 73.3 cents per litre by early 2009.
We are unlikely to see anything approaching those kinds of plummeting prices this time around. Hurricane Harvey is natural disaster, which means prices will likely retreat to previous levels as soon as the refineries begin humming again.
Meantime, be prepared for short-term pump shock.
查看原文...
