There may not be a long weekend coming up, but Canadians should be prepared to see a rise in gas prices of up to eight cents a litre. Specifically, western Canada's gas prices will be higher than normal starting Wednesday, Sept. 18. The increase is tied to the drone attack that occurred in Saudi Arabia.
The attack, which occurred on Sept. 14, targeted one of the largest crude oil processing plants in the world and halted production of 5.7 million barrels of crude oil a day. That's good news for the Canadian energy sector, but not such great news for consumers who have to pay more to fill their tank.
Gas Price 🚨: #Winnipeg #Regina #Saskatoon #Edmonton #Calgary #Kamloops #PrinceGeorge #ThunderBay and most Western C… https://t.co/ygjz6Ll020— Dan McTeague (@Dan McTeague)1568721268.0
Gas price analyst Dan McTeague wrote on Twitter that cities in western Canada including Kamloops, Winnipeg, Saskatoon, and Edmonton are most likely to see a drastic price increase.
However, McTeague also noted that this will be temporary. He told Global News that since there is a switch over from summer to winter-blend gasoline this time a year, price increases will be mitigated by the usual price drop that comes with the switch.
"A lot of people in North America have grown complacent about supply risks," says Clay Seigle of Genscape. The re… https://t.co/yV7ZjNHxDN— Collin Eaton (@Collin Eaton)1568671419.0
Despite the mitigating factor, McTeague also said that if an interruption of production continues, then prices are likely to keep rising.
Anyone who drives a car knows that gas is a necessity, however, and when you have to pay more, you just have to suck it up. However, gasbuddy.com can help you find the lowest gas prices in your city.
Disclaimer: Cover photo used for illustrative purposes only.