10 May Jump at the Pump
- flooding conditions in Louisiana and Mississippi could cause damage to the refineries;
- pipe line outages could occur
- summer time driving season
All of these factors boost the demand for gasoline and cause supply shortages. Gas price watcher Dan McTeague told 680News he feels that drivers in the GTA are being gouged:
“What is driving this is literally almost stock market mentality, where you buy and hold or increase, you leverage in the amount of money you’re putting in buying positions on oil or gasoline and as a result distorting prices above levels that are economically viable”.
So, will people start driving less, or carpooling? Will we see less cars on the road? Will road rage increase? Will the TTC get busier?