Windsor gas prices soar after Hurricane Harvey shuts down U.S. refineries

Harvey makes second landfall in Louisiana residents urged to go into ‘survival mode

The gulf coast of Texas is about 3,000 km away but we're feeling Hurricane Harvey here.

Prices always rise in the summer with holiday travel, and this weekend's Labor Day getaway is usually the last spike before prices subside.

Average Canadian gasoline prices are set to soar this weekend after already jumping almost 10 cents per litre since Hurricane Harvey roared ashore in Texas a week ago.

According to the price setting regulations, if the price fluctuates between six cents and eight cents a litre, the URB may use the interrupter to set the price ahead of the normal weekly price setting time of midnight Thursday.

The site's sources say prices in Quebec and B.C. jumped by several cents per litre since Thursday, when their provincial averages were just below $1.20 per litre.

Terry Pratchett gets his wish: Unpublished works crushed by steamroller
Pratchett, who died in March 2015 at the age of 66, had requested the unique method of destroying his work. Leave it to Terry Pratchett to deal with the remainder of his writings in a delightfully ridiculous way.

Fourteen oil refineries, representing around 30 per cent of all oil-refining capacity in the US, have been closed because of the flood water that has devastated Houston and dozens of other towns along the Gulf of Mexico coastline, said Dan McTeague, senior petroleum analyst with GasBuddy.com.

McTeague said they'll likely stay high throughout September, at least. At the start of the week, prices were about $1.14 a litre.

Roger McKnight, senior petroleum analyst with En-Pro International Inc., said he has never seen such a big price increase. "There's a cascading effect where wholesalers in the east will be looking for spare barrels anywhere they can get them, and they may go as far as Chicago".

McTeague and Roger McKnight, chief petroleum analyst for EnPro International, agreed that prices on the Prairies will be stable over the weekend after rising by five to 10 cents to about $1.10 per litre in the past few days.

While he said he can not give an exact timeline as to when gas prices may dip back down, he does say they won't be changing too quickly. "Yeah, so here, they don't have it either", Beasley said.

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