Gas prices could rise later this week due to Hurricane Harvey

By CHAT News Today
August 28, 2017 - 4:59pm

MEDICINE HAT, AB — Albertans are advised to pay attention to gas stations, as the price to fuel up vehicles is expected to rise later this week.

The price jump is a result of Hurricane Harvey making landfall in Houston, which has shut down numerous oil refineries in the city.

In Medicine Hat this afternoon, several stations have raised their prices to $1.01 cents per litre, while the majority of stations in the city are still selling fuel at 99 cents per litre. Costco still has the lowest fuel price in the city, with members paying 95.9 cents per litre.

However, wholesale fuel prices are expected to rise by an average of two to four cents by Thursday.

However, some cities, including Calgary, could see prices rise as high as eight cents.

According to the Canadian Press, Dan McTeague, an alalyst with GasBuddy, says it appears most companies are taking a wait-and-see approach before raising prices.

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