Thursday, March 06, 2008

Bad time to run out of gas...


With the price of gas rising at the pump, Esso stations across Western Canada may find that the line ups are getting smaller. But it won't have anything to do with the increase in price, rather it will be all about supply, or lack of it.
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Esso stations across the west have been advised that they may soon see shortages of both gasoline and diesel, as refinery problems in Edmonton limit the supply to retail operations.

Already this week stations in Alberta have had to close down their pumps as shipments have been cancelled and tanks run dry, leaving motorists to drive around to alternate locations to fuel up.

The refinery problems are expected to continue for at least a couple of more weeks while Esso engineers attempt to solve the reduced production troubles. And the push will be on to get things back on track shortly, as the demand for gas increases with the warmer weather months.
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Some observers suggest that the price will actually spike upwards through this month , as more and more motorists get ready to hit the roads for Spring break. It's expected that the price of gas is going to jump to 1.40 a litre and possibly beyond that level by this summer.
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So Esso will probably make back a good portion of their missing revenues in the heavy travel months ahead, providing they can get the gas to the stations.

Vancouver Sun--Esso running on empty

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