Analysts predict a 10-cent increase between Tuesday and Wednesday, with another small hike possible later in the week.
"Every week it seems to bump up and down five, 10 cents, I can't really track it anymore," says Wood. Dan McTeague, the president of Canadians for Affordable Energy, says it's "really being driven by global circumstances in particular OPEC that's likely to cut oil production to get… oil prices back up to where they believe it should be which is $90/barrel versus $76-$77."
Experts say the closure of some refineries in the U.S. for annual maintenance is also driving up prices across the country."Usually I would put platinum in my car, today I had to put silver because [it's] $1.50," says Gillian McDonald."Watch diesel, airline jet fuel and heating oil go through the roof and bring natural gas with it," McTeague said.
Just in time for heating season JUSTINflation TrudeauMustGo
Line at Costco gas right now is wild.
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