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HomeStratford NewsGas prices on the rise in Stratford

Gas prices on the rise in Stratford

Prices at the gas pumps across the province, including in Stratford, are set to rise.

As of midnight Tuesday, the price of gas will go up 4 cents a litre as stations switch from the winter blend of gasoline to the summer blend which costs more for refineries to make because they have to put in additives in that stabilize fuel during the warmer months.

That means the price will be hovering around a $1.33 a litre and we wont be getting a break any time soon with prices expected to go up another cent Thursday.

Dan McTeague is with gas price watchdog website www.GasBuddy.com and says we could see even more of an increase come the summer.

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“The last time we hit these prices was late September 2014 so there’s a great likelihood that during the summer, when we do see demand increase and supply get somewhat constrained by hurricane weather related events, there is a real potential we hit $1.40.”

McTeague adds we haven’t seen prices as high as $1.40 a litre in about 10 years.

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