Gasoline Prices Have Risen Significantly in Recent Weeks
Gasoline prices have risen significantly in recent weeks and industry experts expect more of the same for the near future.
This is the third consecutive week the average price has risen.
If everyone wants gas ... the prices will keep going up, regardless of how much it costs to get the oil.
Ottawa refineries have completed their transition from winter-grade to summer-grade gasoline.
That causes a slight loss in refining capacity because it takes longer to process summer-grade fuel.
This is also traditionally the time when we see price increases because of increasing demand.
No one is saying whether Ottawa gas will hit the $1.25-per-liter mark this summer on average, but some local fuel prices are already nudging that mark.
In the last week, gas stations at Hull posted regular unleaded gas at $0.99 per liter.
Ethanol - the latest gasoline additive designed to help reduce air pollution - also figures into the equation.
More regions in the country are using ethanol in summer blend gasoline to meet clean air standards, and prices are going up as supplies of this additive are being stretched.
This is the third consecutive week the average price has risen.
If everyone wants gas ... the prices will keep going up, regardless of how much it costs to get the oil.
Ottawa refineries have completed their transition from winter-grade to summer-grade gasoline.
That causes a slight loss in refining capacity because it takes longer to process summer-grade fuel.
This is also traditionally the time when we see price increases because of increasing demand.
No one is saying whether Ottawa gas will hit the $1.25-per-liter mark this summer on average, but some local fuel prices are already nudging that mark.
In the last week, gas stations at Hull posted regular unleaded gas at $0.99 per liter.
Ethanol - the latest gasoline additive designed to help reduce air pollution - also figures into the equation.
More regions in the country are using ethanol in summer blend gasoline to meet clean air standards, and prices are going up as supplies of this additive are being stretched.
posted by Ottawa Gas Prices | 8:19 PM
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