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2014-04-23 at 15:29

Spring spike

A fuel nozzle is shown at a Montreal gas station on Wednesday, April 23, 2014. It
Ryan Remiorz, The Canadian Press
A fuel nozzle is shown at a Montreal gas station on Wednesday, April 23, 2014. It's not unusual for gas prices to rise around this time of year, when refineries switch from producing diesel and heating fuel to gasoline. But analysts say there are a few aggravating factors that are making this year's bump especially painful.
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By The Canadian Press

CALGARY - A gasoline price spike is to be expected around this time of year, when refineries switch from producing heating fuel to gasoline.

But this year's pre-Victoria Day bump has been especially painful, with the national average above $1.37 per litre, according to price-tracking website GasBuddy.com. The price is a big jump from last year's $1.23.

GasBuddy co-founder Jason Toews says the price has never been this high at this time of year — although it hasn't surpassed the all time record of $1.42 in September, 2008.

John Kiemele, chief operating officer at energy consultant En-Pro International, says there are a few factors aggravating the price spike this time around.

For instance, the extreme weather in Canada has led to a delay in building up inventories of gasoline, just as demand is starting to pick up.

The loonie's drop against the U.S. dollar is also making things worse, because energy products are bought and sold in American currency.

 

 

The Canadian Press
© The Canadian Press, 2014

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Comments

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Loudmouth101 says:
Hurry, hurry...we need to get more pipe lines built so we can export our gas and oil resources so those resources can be sold back to us at a premium...can you say NATIONAL ENERGY PROGRAM REQUIRED?
4/23/2014 5:27:46 PM
chezhank says:
All the more reasons not to proceed with the Energy East's plan for a pipeline.Lower gas prices for Canadians or NO ENERGY EAST PIPELINE Steve! henry wojak
4/23/2014 6:53:41 PM
kensington says:
all a load of BS! Its all greedy profits running this! A barrel is low for the price screw! Dryden is 10 cents less! Highest in Canada southern cities!! But nobody does nothing!Check the prices on gasticker.com and see!
4/23/2014 9:21:51 PM
ranma says:
When Toronto starts paying what we pay, maybe, just maybe something will be done about it. It's pretty sad that Dryden and Fort Frances get their gas shipped to them from Thunder Bay, yet they both have considerably cheaper gas prices.

The federal government must be loving the amount of tax dollars they are collecting. Gotta get back those BILLIONS they swindled I guess.
4/23/2014 10:41:00 PM
Berzerker says:
its the provincial government that gets the lions share plus the added hst now. look no further than gravelle and Mauro for the happiest taxing people around. you guys didn't think the government buying you things was going to come out of their own personal accounts did you? everytime you cry for the government to do something and they do it just costs us more money. get smarter and say no to more government welfare, or this is what happens.
4/24/2014 8:44:46 AM
Eastender says:
How about just calling it what it is, price gouging, never mind the BS.
4/23/2014 11:39:19 PM
nvjgu says:
And all the while, nobody is making any money. I here it all the time.
4/24/2014 3:41:55 AM
jimbob100 says:
STAYING AWAY FROM ESSO AND SHELL....IF I ABSOLUTELY HAVE TO GO THERE IT'S TO FILL MY TIRES WITH AIR....OH YEAH, THEY EVEN CHARGE FOR THAT NOW....ANYONE KNOW THAT K & A IS SELLING THEIR GAS ON SPECIAL RIGHT NOW???? WORTH THE DRIVE FOR $108.00....
4/24/2014 6:27:15 AM
reese says:
Trudeaumania strikes again
4/24/2014 7:21:55 AM
fastball says:
We all know what it is - they charge us this price for one reason....because they can.
Bottom line - what are you going to do about it? The answer is nothing - unless you consider bitching and whining and getting all angry about it as "doing something".
Nope - we continue to buy our big trucks and SUV's, knowing full well that they get lousy fuel economy - and then we complain about gas prices.
Sorta like the junkie complaining about the price of drugs.
4/24/2014 9:26:23 AM
Tbayvoter says:
I would say it is time to severe the connection of having to use USD as currency.... When the Rest of the world converts to another currency we will be sucked under....
4/24/2014 12:07:43 PM
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