• Print
  • Send to a friend
  • Comment (0)
  •  

Pump prices to spike as much as three cents a litre overnight, gas watcher says

Published on June 26, 2012
Published on June 26, 2012
Topics :
Canada , U.S. , Kamloops

A gas price watcher is warning that pump prices will rise significantly overnight, up to three cents a litre in parts of the country.

Dan McTeague's website Tomorrow's Gas Prices Today notes the rise would come ahead of the busy long weekend in both Canada and the U.S.

He predicts one of the biggest jumps in prices will come to Kamloops B.C., where he expects prices to rise three cents a litre.

Prices in other Western Canadian cities were expected to see smaller increases but McTeague says gas prices in cities in that region already carry a premium of 10 cents a litre.

His website predicts an overnight hike of 2.8 cents a litre in Toronto and a similar jump in surrounding areas.

It also projects a two cent a litre spike in Montreal, a jump of 2.7 cents in Ottawa and one cent in Calgary.

Oil prices have fallen dramatically this year and now hover under $80 a barrel. However, analysts note that prices at the pump don't necessarily move in tandem with the global market for crude.

© Canadian Press

Submit a comment

Submit a comment (we keep all emails private)
Agreement

We ask that users remain courteous. You may not post insulting, discriminatory or inappropriate content, which may be removed at our discretion. We are not responsible for user content and opinions. Use of this site as well as content submission & ownership are governed by our Conditions of Use and Privacy Policy.

Member organizations should be non-profit in nature, and promote legal activities. Any organization found promoting illegal activities or commercial products or services will be deleted from the site.

I agree with these conditions.

Advertising

Business Directory


Milestones Moving Up

Newsletter

Please enter your email to receive our free newsletter

Subscribe to news alerts

Advertising