It looks like we will all be paying a little more to fuel up our vehicles over Christmas.
Gas prices in Regina and Saskatoon have taken a sharp jump to around 102.9 cents-a-litre.
That’s a hike around 7 to 8 cents.
Dan McTeague, a senior gas analyst with GasBuddy Dot Com says he saw the price hike coming a couple of days ago.
He says whatever affects the Chicago futures market like Exxon’s Joliet refinery’s recent flaring, will determine how wholesale gas prices in western Canadian will be affected.
“South of the border Exxon Mobil’s Joliet Refinery in Illinois flared out over the weekend”, says McTeauge. “That leaves about 250 thousand barrels of oil unprocessable.”
McTeague says there may be more bad news as another U.S. Refinery — B.P. Whiting outside of Chicago — may be running into some processing trouble.