The gas here went up agan last night.
From 76.9 to 88.5. Thats 16 cents in 7 days!
Out in British Columbia, gas is around 98.5 depending on the location.
From our Sun paper:
Thanks to rising gas prices which shot up yesterday to posted record amounts of 88.5 cents a litre in Edmonton - showing someone you care costs more. "At this point our (flower) delivery price has gone up $1 per delivery," said Shannon Stormes, a floral designer at Boonie Doon Flowers. "Definitely because of the fuel prices."
The flower shop's delivery charge went up on Saturday to $10 from the previous $9, after city gas prices hit 82.5 cents per litre last week, she said.
Gasoline analyst Michael Ervin, president of MJ Ervin and Associates in Calgary, said the increase is due to several factors bumping up the price of wholesale gas. One factor is the price of crude oil going up, which yesterday hit $39.75 US per barrel for West Texas Intermediate.
"The more important factor relates to very tight supply, very tight inventory of wholesale gasoline right now," said Ervin. "When supply is tight the prices are up."
Ervin said there are still not enough refineries to meet demand. "There's just too much demand and refineries cannot keep up with that demand nor can they do anything in the short term to increase their infrastructure to meet the demand for the summer."