The price of gas is going up and it has little to do with the partial reinstatement of the provincial gas tax on Saturday.
The gas tax will add 4.5 cents per litre at the pump, but Dan McTeague, president of Gas Wizard, said Tuesday the biggest issue is the closure of two refineries in the U.S.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
“That has an impact,” he said. “So you tighten the belt, you spend less, you go out less, you manage it.” McTeague, who has called out gas stations this summer over price gouging, pointed to issues south of the border for the latest increase. A major fire at a BP oil refinery in Oregon, Ohio, shut it down on Sept. 21, while a refinery in Ferndale, Was., has been closed for maintenance. The Olympic pipeline, which serves refineries in the Pacific Northwest, is also set to be shut down for maintenance.