TORONTO

Toronto

Current Weather 7 Day Forecast

CityNews Snow contest

Sunday, February 12, 2012

Imperial Oil Nanticoke Refinery Back To Full Production

03/16/2007  | CityNews.ca Staff

share via email
Imperial Oil Nanticoke Refinery Back To Full Production

A month after a massive blaze forced the shutdown of Imperial Oil's Nanticoke refinery and caused gas shortages and price hikes across the GTA, the facility is fully operational once again.

There was some relief at the pumps Friday morning, as prices hovered around the dollar-a-litre mark, a few cents down from where they had been. It's still much higher than what motorists were paying before the blaze - in the mid-80-cent range.

It will likely be several days before Esso stations around the GTA are fully restocked.

Shell and Petro-Canada stations were also affected by the shortage, forced to put up signs saying they were out of fuel. That meant many drivers were forced to shop around for gas, and when they did find a station to fuel up, they were paying through the nose.

A strike by CN Rail employees also contributed to the situation because other fuel supplies couldn't be transported into the province.

The strike has since ended, and now that the supply is returning to what it was before the fire, prices could go lower still.

However, though the price of crude oil has fallen to below US$60 a barrel, decreased gasoline stocks could keep the cost of a fill-up high. According to reports gasoline prices in 2007 have increased at a higher rate than they have in previous years.

Toronto residents may think they have it bad, but prices are even steeper in other parts of Canada. In Montreal, for example, residents are paying $1.08 a litre.

 
Stay Connected with CityNews

Latest life Headlines

Maximize your RRSP in your 50s and 60s
2012/02/12 14:59:22
2012/02/12 15:01:49
Air Canada reaches tentative deal with its largest union
2012/02/10 19:58:05
2012/02/10 20:11:44
Cuts to elderly benefits years away: Flaherty
2012/02/10 16:20:08
2012/02/10 16:21:40
Current tests for ovarian cancer 'not enough': study
2012/02/10 10:36:21
2012/02/10 10:45:19
Traffic
Weather

Facebook
Twitter
[+] show more
[-] show less
Featured Partners Content
Rogers Digital Media