Massive flooding in southeast Texas has already impacted gasoline prices in the surrounding area, and one expert says the same could soon happen in Canada.
Hurricane Harvey's remnants left much of Houston underwater on Sunday, and the National Weather Service says it's not over yet:
Some parts of Houston and its suburbs could end up with as much as another 1.3 metres of rain.
The storm has affected about 2.2 million barrels per day of refining capacity in the United States, including ExxonMobil, Shell and Phillps 66 operations that began shutting down Sunday.
Vancouver, Victoria and most of B.C. should expect a hike of about three cents a litre, while Calgary, Edmonton, Regina, Saskatoon and Winnipeg may see prices rise three to eight cents a litre
Toronto and most of Ontario are in store for a five-cent hike, while Montreal may see the biggest jump — as much as a 15-cent increase to about 127.9 cents a litre by mid-week.
"For the Maritimes and Newfoundland, which follow last week's prices under their regulated price regimes, a five cent a litre increase should be expected with the possibility that their 'interrupter clause' may be deployed before Thursday and Friday," McTeague said Monday.