Petro Can repairs pushing up pump prices
Posted May 7, 2013 4:05 pm.
This article is more than 5 years old.
Issues at a Petro Canada refinery are driving up gas prices in Calgary.
Petro Can stations are recieving a limited supply of gas while a refinery in
Edmonton is repaired.
Various stations in YYC are already charging $1.18, but an expert says it’s likely to be short-lived.
Those hitting the road for may long weekend may have to budget a little more money for gas, but don’t worry, it won’t last the entirety of your road trip season.
Analyst Michael Ervin, President of MJ Ervin and Associates tells 660News, the industry is in a crunch during an already high demand season.
“We do typically see pump prices go up seasonally, so that’s nothing unusual. Of course, it’s exacerbated by the fact that refinery issues are existing right now.” He says.
Ervin explains, the spiking prices will be short-lived.
He doesn’t see any significant rise in pump prices into the summer.
