Rising gas prices around Branch Co could go higher

Prices spike and there could be another hike right behind

McTeague said there are several factors causing the gas price bump-the weak Canadian dollar, a major pipeline that delivers gas from Gulf Coast refineries to the United States mid-west now shut down for maintenance, reduction in the glut of oil on the world market and a booming American economy.

After several months of low gas prices, a price spike could be on the way for Stateline area drivers according to a report by the Chicago-based gas monitoring website GasBuddy. "It the case of Exxon Joliet refinery, (It's) nearly two-and-a-half times the size of the Co-op refinery we have in Regina, that has gone through maintenance as did two other refineries".

In the past week, gas prices in Wyoming fell 1.4 cents per gallon, while nationally gas prices rose 0.6 per gallon.

In addition, the 700,000 barrels per day Explorer Pipeline from the Gulf Coast had a leak last week.

Those issues have led to the lowest gasoline inventories since 2015 when the BP refinery shut down in Whiting, Indiana. GasBuddy estimates prices could soon rise to $2.99/gallon in MI, $2.95/gallon in IN, and $2.89/gallon in OH and Kentucky.

The highest recorded average price for IN since 2008 was $4.25 IN May 2011. Some refiners postponed scheduled maintenance as hurricane Harvey approached, now that maintenance and some repairs are underway.

DeHaan says the fix could be completed in a few days, but that it will still take more maintenance to set it right.

Gas prices have spiked again and GasBuddy's Patrick Dehaan says we could see another big jump, to almost $3/gallon in the coming days because of a "perfect storm" of problems between the well and the pump.

GasBuddy is a leader in crowd-sourced information for, real-time fuel prices at more than 140,000 gas stations in the U.S, Canada and Australia.

Even then, it will take days for gasoline flows to return to normal. Prices in Coldwater Thursday morning ranged from $2.63 to $2.69 per gallon.

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