On Monday, the average price on the island was $1.16.
Also, if Canada's gas prices stay low, the Americans can come scoop up the supply, driving up the prices. "And simply because buyers in the States would be looking to Canada for supply, we're seeing higher wholesale prices in Eastern Canada, as well", Ervin said.
The Eastern Canadian price hike can be read as a "shot across the bow" to signal that refineries in Ontario and Quebec don't have excess product to sell into the US market, Mr. McTeague said.
The Canadian average gasoline price has risen above $1.16 per litre, according to GasBuddy.
"We may be looking at a 10 percent or maybe 15 percent increase, but I don't expect that to last for a very long time". However, most of the change is being driven by pessimistic speculation on the part of oil traders in the Northeast, he said, adding that it's too early to say whether there will actually be a shortage in the U.S. Once they hit the road. they'll notice higher gas prices.
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After wreaking havoc in the southern United States, the effects of Hurricane Harvey will continue to linger for quite a while. Right now, the statewide average for a gallon of regular unleaded gas in SC is $2.10 and in North Carolina is $2.22.
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Our nation has not seen comprehensive tax reform in 31 years. "In laying out what he called his principles for a tax overhaul, Mr. Former White House Press Secretary Ari Fleischer immediately noted the lack of empathy following Trump's Tuesday visit to Texas.
Gilead to buy Kite Pharma for about $12 billion
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Mueller working with Schneiderman in Manafort probe
Manafort has denied wrongdoing, and Politico reported that no decision has been made on whether to pursue charges. Trump last week announced the first pardon of his presidency, for former Arizona Sheriff Joe Arpaio .