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				Fuel prices skyrocket as Ike nears
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					Posted: 
					
						Sep 12, 2008 11:17 AM
					
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					Last Updated: May 31, 2012 02:57 PM
				
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				<p>TORONTO -- Fuel prices shot up across Canada, but diesel was spared the dramatic pump increase for gasoline.<br />
<br />
Gas jumped more than 13 cents a liter overnight in many regions amid fears that Hurricane Ike would reach the Gulf Coast this weekend and disrupt U.S. oil refining capacity.</p>
<p>The average price now is about $1.36 a liter, <a target="_blank" href="http://canadianpress.google.com/article/ALeqM5heRhg0jVtK0Kd--coTIqFpYXoSgQ">according to media.</a></p>
<p>Liberal MP Dan McTeague, a longtime fuel price watchdog, told Toronto media that this is the largest single price hike in 24-hours that he's ever seen.</p>
<p>Known as a vocal critic of large oil companies, he said the oil giants are taking advantage of motorists.</p>
<p>Diesel, which has been untraditionally higher than gas for most of the year, also increased in over yesterday, but only by an average of 3 cents a liter -- from about $1.24 to $1.27 a liter.</p>
<p>According to <a target="_blank" href="http://www.ontariogasprices.com">www.ontariogasprices.com</a>, which rates gas and diesel prices across the province, diesel was lowest in Peterborough and Napanee (around $1.20) as of this morning, while service stations in Englehart, Ont. has posted prices of $1.50 a liter for diesel.</p>
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