The hike in gas prices today is going to get worse.
Prices across the Okanagan Valley averaged around 119.9/litre, but it香蕉视频直播檚 expected to exceed the 125.9/litre very quickly .
香蕉视频直播淚f you see gas at 119 now, I would jump on it because it香蕉视频直播檚 going to go up further today possibly and very likely tomorrow,香蕉视频直播 said Dan McTeague, a senior petroleum analyst with GasBuddy.com.
香蕉视频直播淓veryone needs to fasten their seat belts as it香蕉视频直播檚 going to be a rough ride at the gas pumps for awhile.
香蕉视频直播淚 don香蕉视频直播檛 see a downward trend in gas prices for at least the next two weeks.香蕉视频直播
McTeague said there are several factors causing the gas price bump香蕉视频直播攖he weak Canadian dollar, a major pipeline that delivers gas from Gulf Coast refineries to the US mid-west currently shut down for maintenance, reduction in the glut of oil on the world market and a booming American economy.
香蕉视频直播淭he American economy is on fire right now. People are working, wages are up and the demand for fuel has shot up,香蕉视频直播 he said.
香蕉视频直播淢ost of the fuel delivered to the B.C. Interior comes from Edmonton and Edmonton fuel pricing is based on U.S. mid-west gas price futures set in Chicago. And the pipeline disruption is very sensitive to US mid-west pricing, so that香蕉视频直播檚 a key factor behind what香蕉视频直播檚 going on right now.
香蕉视频直播淲e could see a 12 to 13 cent a litre increase in the B.C. Interior before things cool off.香蕉视频直播
From a global perspective, McTeague says renewable energy source development is important, but the world appetite for fossil fuels continues to expand.
香蕉视频直播淭he developed world economies are looking for ways to cutback on oil consumption, but the for the developing world countries, which is 90 per cent of the global economy, oil consumption continues to increase,香蕉视频直播 he said.