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'The Hurricane Harvey effect:' storm behind gas price hikes
03 September 2017, 04:32 | Simon Arnold
Aftermath of Hurricane Harvey in Texas- the most powerful hurricane to hit the US in more than a decade
Meanwhile in Montreal, he said the price is expected to jump eight cents to as much as $1.42 per litre at some point over the weekend or early next week.
Dan McTeague, senior petroleum analyst at GasBuddy.com, predicted in tweets that Greater Toronto, Hamilton, London and the Ottawa area can expect to see a five-cent gas price hike on Friday. The average price in Montreal was expected to climb as high as $1.42 a litre at some point over the Labour Day long weekend.
If the price on any given day increases more than six Canadian cents per litre, the New Brunswick Energy and Utilities Board activates its interrupter clause, which allows the board to increase the maximum price gas can be sold for.
Vayu senior energy analyst Keith Donnelly
A key pipeline carrying oil from the gulf coast to the eastern seaboard shut down on Thursday, raising the possibility of gas shortages in the US southeast, mid-Atlantic and northeast, Nasdaq.com reports.
It appears New Brunswickers are in store for a major jump in gas prices - perhaps by nine cents a litre by midnight tonight.
McTeague said gas prices may continue to rise Saturday and Sunday.
On Thursday in NY, the price of a barrel of crude oil for delivery in October rose USA $1.27 at closing, to United States $47.23. As of Friday, most pumps sat around 110 cents a litre for regular fuel in the Queen City. That's likely to keep prices high and lead to another spike several months from now as working refineries eventually have to go into maintenance, he said.
N.Korea near 'large-scale conflict': Putin
Trump also said " talking is not the answer " to the crisis, without giving more details about his next move. Just a few days back, North Korea had fired a ballistic missile over the Japanese territory.
Weather system could turn tropical off Carolinas coast
Additional rainfall is expected Sunday into Monday across the Florida peninsula, before this system moves out of the area. The system is then forecast to hug the coast of North and South Carolina Monday evening into Tuesday morning.
17 bodies recovered as another Rohingya boat capsizes
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Yingluck skips court; arrest warrant issued
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