Sticker shock: The impact of the floods near Houston, Texas, will be most severe on gas prices on Saturday. Motorists awoke to a hike of about five cents a litre on Friday, and will likely see the price rise another nine cents Saturday, says petroleum analyst Dan McTeague. Hurricanes Katrina and Ike each brought an increase of between 12 to 14 cents per litre to Toronto, McTeague explained. Article Continued BelowHe predicts there will be a two-cent decrease in gas prices on Sunday night and that price will hold at the pumps at least until Thursday. The highest price Torontonians have paid for gas was $1.477 on July 4, 2008, McTeague said.

Source: thestar September 01, 2017 16:27 UTC