If you need to fill up and you drive a diesel, you're going to want to do it today.
Anyone using diesel fuel will want to get out to the pumps today before a major price jump hits us tonight.
Senior Petroleum Analyst with GasBuddy.com and founder of TomorrowsGasPriceToday.com Dan McTeague says they are predicting a huge jump. "The reality is that diesel tends to drive the world economy. So this evening in Ontario we're going to look at about a 6 cent a litre increase. Some places may hold back a couple of days, but that increase will be passed on tonight." The price is expected to jump 7 cents in Quebec, 3 cents in the Maritimes and most of Western Canada.
This jump will hit diesel drivers hard, but even if you don't drive a diesel you could still see some of the backlash in other places, like the grocery checkouts according to McTeague.
There are many factors at play here. "Well in this case, two of the three refineries in Ontario, particularly a terminal in Ontario and two refineries in Sarnia, appear to be struggling with diesel output. That mean, of course, that they are what is referred to in the industry as allocation," McTeague says. He also points to the problems Shell and Suncor experienced last month, and the increase in demand for diesel fuel during harvest season.
"All three of those factors combined explain why we are seeing, and we and we are about to see a pretty dramatic increase in diesel prices which have pretty tame and quiet for the past several weeks. Typically they start to move up at the beginning of October and we didn't see that because the world is fairly well supplied in diesel but right now locally and within Canada there seems to be a bit of a shortage at least for the foreseeable future."
A similar jump in gasoline isn't expected - the price is expected to hold fairly steady in the immediate future.
Upgrades Completed for Woodstock Disc Golf Course
OPP Enforcement for Civic Holiday Weekend
Woodstock Candidate Profile - Anthony Scalisi
Drug Trafficking Investigation Leads to Charges
EZT Candidate Profile - Don Chowan
Oxford County Requesting Public Input
Norwich Man Charged in Brant County
SPWH Wants You to Know Drinking Risks
Charges Laid after Truck Hits Bridge
Ingersoll Candidate Profile - Mike Tucker
Motorcyclist Killed in Oxford Collision
Tip Tuesday with the Oxford OPP - July 2026
Oxford OPP Briefs - July 28th, 2026
Cat Thrown from Vehicle in Norfolk County
Environment Canada Issues Yellow Watch for Thunderstorms
Oxford Mosquito Traps Tests Positive for West Nile
Woodstock Candidate Profile - Sandeep Sidhu
Last Call for WPS Online Survey
Winning Lottery Ticket Sold in Oxford
Comments
Add a comment