Hurricane Harvey forces gas prices to skyrocket across New Brunswick
New Brunswick sees largest increase in gas prices in 9 years
It's official: New Brunswick gas prices haven't been this high in almost a decade jumping by13.1 cents a litre onThursday.
The maximum price of regular self-serveis sittingat $1.26/litre. This is the biggest increase in gas prices the province has seen innine years.
- Predicted gas increase causes lineups at the pumps
- Gas prices expected to jump 13 cents Thursday, biggest increase in 9 years
- Fill up now: Big gas increase a matter of when, not if, says analyst
TheThursdayrise is a delayed reaction to Hurricane Harvey, which caused turmoil in petroleum markets and rising street prices across much of eastern North America all last week.
Some gas stations across the province were extra busy Wednesdayas consumers made sure to fill up before apredicted increaseof 14 cents a litre wentinto effect at midnight.
There were lineups at some stations, including theFrederictonCostco,where employees weredirecting traffic as vehicles lined up to fill their tanks.
The wholesale prices of gasoline jumped 14 cents per litre last week as Harvey slammed Texas oil refineries and petroleum traders in New York bid prices up rapidly.
The last major one-day price increase on gasoline in New Brunswick was 12.8 cents on Sept. 13, 2008. That was triggered by another hurricane Ike, which hit Texas. But the increase lasted less than a week.
Robert Jones