Windsor gas prices soar after Hurricane Harvey shuts down U.S. refineries

McTeague said it's likely prices will continue to rise through the Labour Day weekend.

The cheapest local listing remains Costco at 4411 Walker Rd., selling regular gas at 113.9 cents as of 10:30 a.m.

For the second time in a week, gas prices in Regina have spiked.

The Eastern Canadian price hike can be read as a "shot across the bow" to signal that refineries in Ontario and Quebec don't have excess product to sell into the US market, Mr. McTeague said.

It could always be worse, however - McTeague said prices rose in Ontario and Quebec by 20 cents a litre across the board.

Although Canadian refineries aren't directly impacted by the storm, they don't have enough capacity to meet all the needs, he said. "There isn't a lot of spare wiggle room".


"Inventories are declining, wholesale prices are rising, and that will have an impact in Eastern Canada more than in Western Canada, just because of its proximity to that major market in the States", said Kent Group senior vice-president Michael Ervin. "There's a cascading effect where wholesalers in the east will be looking for spare barrels anywhere they can get them, and they may go as far as Chicago".

McKnight said he thinks gasoline prices will drop back by two or three cents per litre next week throughout Canada.

"The refineries are actually built to withstand a hurricane", he said.

Toronto's projected Saturday price represents a 22-cents-per-litre hike since last week, said McTeague.

In Vancouver, McKnight predicted little change on the weekend but McTeague says he expects a five-cent jump on Saturday.

“And they will — theres a shortage coming out of the United States, ” McTeague said.


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