The average cost per litre of regular fuel in cities nationwide gained 3.9 cents between June 27 and July 4, according to data from Kalibrate.
Gas prices could rise as weather agencies predict an active hurricane season for the U.S. Gulf Coast . Gas prices climbed nearly four cents per litre of regular fuel across Canada over the past week. Analysts say rising oil prices and an active hurricane season on the U.S. Gulf Coast threaten to raise fuel costs as the summer continues.
En-Pro chief petroleum analyst Roger McKnight warns that prices will be tough to predict this summer, as storm season kicks off in a key U.S. refining hub."Since about 50 per cent of U.S. refining capacity is located along the Texas/Louisiana coast, any actual or guesstimates of where Hurricane Beryl’s ferocious path will hit along the Gulf of Mexico can move gasoline pump prices in the wrong direction overnight," he wrote in a blog post on Thursday.
An extremely dangerous, unusually long heat wave is intensifying and spreading up the West Coast – and there will be no relief for days.Environment Canada issues multiple warnings as B.C. braces for weekend heat
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