Pump It Up…

Gas prices set to rise this weekend

A prudent person will be pumping gas tonight ahead of the long weekend.

Dan McTeague at gasbuddy.com has been watching the markets closely. He says the U.S. Weekly Petroleum Status Report shows U.S. oil inventories have crashed by 12.8 million barrels.

What that’s likely to mean, he says, is a 1 cent/litre hike in the price of gas in the GTA – including Barrie – tonight and as much as 2-4 cents/litre on Friday