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Gas Pumps Running Dry And Prices Going Up - Frost__2001 - 02-26-2007
Gas pumps running dry and prices going up
toronto.ctv.ca
02-26-2007
As gasoline prices edge towards the $1 per litre mark, several Toronto filling stations ran dry as a fuel shortage continued in Toronto. It caused frustration for motorists who either could not get gas or were upset with the high price.
Several Esso and about 10 Petro-Canada stations shut off their pumps because their storage tanks were dry. Some stations with gasoline set limits on how much customers could buy.
"I drive a minivan and it's all a little bit insane," one driver told CTV's Alex Mihailovich on Sunday.
Fuel supply issues are related to two incidents at Ontario oil refineries, including one fire. Both refineries, operated by Imperial Oil, are being repaired but fuel supplies have been strained in the meantime.
The CN Rail strike has also created delivery problems for Imperial Oil, further complicating the fuel shortage. A tentative settlement has been reached and the union is encouraging its members to return to work pending the result of a ratification vote.
Fuel outages, which Esso said may be short-lived and rotating, are expected to continue at into this week.
Diesel supply for commercial customers will also be limited, but supply for home heat customers will be adequate to meet demand, Imperial Oil said.
With the economic rules of supply and demand at work, the resulting price increase has angered motorists who seem to think oil companies are simply taking advantage of the situation.
"It's really a game that the big corporate players are playing to gouge the consumer," another driver said.
Federal NDP Leader Jack Layton agrees with that opinion.
"I think, frankly, consumers are being taken advantage of by these big oil companies," Layton said Sunday.
"They've got unbelievably huge profits right now. It's not as though the cost of the fuel has gone up for them, it's just that there's a shortage."
While fuel supplies are expected to return to normal levels this week, some experts speculate that it could take as long as a month before pump prices follow suit.
Over the weekend the highest price in the city was listed as $1.06 per litre by the website Torontogasgrices.com. It also listed the lowest price as 93.9 cents per litre.
With a report from CTV's Alex Mihailovich
Gas Pumps Running Dry And Prices Going Up - hardk0re - 02-26-2007
Supply vs Demand, if Layton doesn't understand that he's an idiot.
Gas Pumps Running Dry And Prices Going Up - NOS2Go4Me - 02-27-2007
It's over a buck a litre right now in North Bay and I'm at just under 1/4 tank. This may suck.
Gas Pumps Running Dry And Prices Going Up - hyprlte - 02-27-2007
we are at .97 in toronto this morning
Gas Pumps Running Dry And Prices Going Up - Frost__2001 - 02-27-2007
just hit $0.999 ltr here in KW
Gas Pumps Running Dry And Prices Going Up - NefCanuck - 02-27-2007
97.9 in Mississauga on my way back from the chiropractor tonight <_< (Filled up at 96.9 on the weekend and needed 3/4 of a tank :( )
NefCanuck
Gas Pumps Running Dry And Prices Going Up - NOS2Go4Me - 02-27-2007
I just filled tonight at 100.9. Something tells me that was actually a good idea from what I'm reading here tonight.
Gas Pumps Running Dry And Prices Going Up - oldeguy - 02-27-2007
I went to fill up at the town's Petro Canada. No gas. The Shell was 97.9.
Gas Pumps Running Dry And Prices Going Up - CanadaSVT - 02-27-2007
Let's see. Imperial supplies Esso in Ontario, but Shell supplies Esso in Quebec, and Shell says they are running low? Nah, there's no coersion(sp) going on with the oil companies.
Run them dry. Then I don't have to go to work! :)
Gas Pumps Running Dry And Prices Going Up - PARKINGLOT - 03-06-2007
yea, it's gay. 3 different day's I've went to fill up the work truck at the petro-pass (on the 401 @ cambridge, homer watson @ kitchener and walker road @ windsor) and they've been dry....good thing our windsor yard had fuel pumps, and when cambridge was out kitchener had some, and visa-versa....it still crap though. Why would Imperial/Esso have an effect on Petro? damn oil compaines, they are all a bunch of theves....
Gas Pumps Running Dry And Prices Going Up - paolo - 03-06-2007
yeah its very gay!! You would figure, bronze would be the first to run out at the pumps, but nope, its the silver and gold grades which are dry.. and at $1.02 /l this isn't helping much