Although Canadian refineries aren't directly impacted by the storm, they don't have enough capacity to meet all the needs, he said.
McTeague says gas prices will go up at least five cents a litre overnight into Friday, and the best-case scenario he sees for the weekend in the Peterborough area is $1.20 a litre to $1.30 if the stations decide to dig into that profit margin.
This is amid reports of shortages due to extensive flooding in Texas and other states along the U.S. Gulf Coast.
According to McTeague, "Canadian gas prices rise faster and higher than anywhere else in the world".
"Until we get engineers into the refineries to assess the damage it's all speculation", he said.
On Thursday in NY, the price of a barrel of crude oil for delivery in October rose USA $1.27 at closing, to U.S. $47.23.
Toronto's projected Saturday price represents a 22-cents-per-litre hike since last week, said McTeague.
TD Securities analyst Bart Melek said in a note Friday he expects crude oil prices to strengthen to above US$50 per barrel before the end of September as Houston refineries, ocean import facilities and pipelines gradually return to normal operations.
"And a potential increase for Sunday", McTeague added.
The online gas price monitoring site essencemontreal.com is showing the $1.35 price in several Montreal neighbourhoods, including Ahuntsic, Villeray, Saint-Henri, Saint-Léonard and downtown.
Roger McKnight, senior petroleum analyst with En-Pro International Inc., said he has never seen such a big price increase.
Longer term, both Mr. McKnight and Mr. McTeague expect prices to remain elevated.
After the city of San Marcos voted last week to file an amicus brief in support of El Cenizo and the other litigants, state Rep. He also said in his 94-page ruling that the law would ultimately make the state less safe.
Moreover, for the first time, Ivy and David even did not see each other, due to the fact that their communication was online. It should be noticed that these two people began relations just as friends, as they lived in different countries.
They are shown fending them off using everything from guns and grenades to what looks like Michonne's sword. The real world will blend with digital objects including show characters and other elements.
France's President Emmanuel Macron said Tuesday he will visit Israel next year amid a new French peace push in the Middle East. Mr Macron argues the measures are needed to introduce greater flexibility in France's rigid labour law to encourage hiring.
While Luke will probably have a key role to play in the new movies, it’s certain the new actors will dominate the storyline. He felt he needed to know what all those years have done to Luke even if the material doesn’t get told in the actual movie.
Spectacular dancers will complement the spectacular dance of any composition, leaving an unforgettable impression in your memory. A special chic to the club is given by colorful and incendiary performances, over which a professional choreographer works.
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Historic flooding caused by Harvey knocked one-fifth of the nation's refining capacity offline, according to S&P Global Platts. That includes the biggest USA refinery, Motiva's Port Arthur facility, which can handle more than 600,000 barrels a day.
This competition of managers started by Pep became even more interesting than the competition of their football teams. He believes that the tough competition will help him and his Manchester City team to go to the next higher level.
The reputation of Macao as the place of the famous casinos, brothels and clans triads selling opium was born in the 18th century. And it lasted until the 60s of the 20th century, while a powerful businessman Stanley Ho became interested in the region.