U.S. refinery issues send Calgary gas prices shooting up
Posted May 20, 2015 11:35 am.
This article is more than 5 years old.
Calgary is experiencing some sticker shock.
Gas prices have shot up in the city, in some cases by as much at 12 cents per litre.
The average is now $1.056 a litre.
Dan McTeague with GasBuddy.com tells 660News, the increase is being driven by unexpected refinery problems in the U.S. midwest.
“What is driving this is a short term problem with respect to supply down there. That obviously means that prices are now, sort of, going back up to levels we haven’t seen in quite some time. $1.05 in Calgary — we haven’t seen certainly in the past nine months,” he said.
He isn’t sure where prices will go as we head into the summer driving season.
While oil prices may fall, that likely won’t happen with gasoline because it is in much shorter supply than crude.
