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Commodities Briefing - Categorized | Oil, Price Watch more

4 reasons why gas prices are rising

Posted on 25 April 2014

Gas prices typically rise in the spring as refineries slow down operations in order to switch from producing winter fuel blends to less polluting summer grades. Gasoline demand is also ramping up as we head into the summer driving season.
This is also the time of year when many refineries schedule their annual maintenance. On Tuesday, Suncor announced a four-week shutdown of its Montreal refinery, taking as much as 137,000 barrels per day offline. During this period the company will be forced to pay higher prices by import supplies from Ontario and the Northeastern United States………………………………………..Full Article: Source


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