You still may have time to get a reasonable deal on gas if you shop around. Gas shot up at a few local gas stations Tuesday morning to $122.9 a litre from 110.9 yesterday.
Esso stations, owned locally by McDougall Fuels is known to be first out of the gate when prices shoot up and today was no exception. Two weeks ago gas was going for as low as 97 cents.
As of noon Tuesday, Petro Canada was still selling for $1.10.9 , a full 12 cents cheaper than its competitor. Circle K on Second Line is also posting cheaper prices.
The prices are going up because of “seasonal factors” such as refineries changing from winter blend gas to summer blend. “It costs more for refineries to produce and put additives in the gasoline to allow it to become less volatile under heat as temperatures that are warming up, so is the price of fuel.” said Dan McTeague, an analyst from GasBuddy.com
Southern Ontario also saw a jump of about 6 cents Tuesday, the latest increase locally puts the price of unleaded fuel the highest its been this year and the highest since 2015. In January of this year a carbon tax of 4.6 cents per litre plus GST was introduced by the Ontario Liberal Government.