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Tuesday, September 28, 2021

Some Calgary Petro-Canada locations facing gas shortages – Calgary


If you’ve tried to fill up your gas tank at a Calgary Petro-Canada recently, you might have run into a problem.

The company is experiencing a supply shortage, which has left some stations empty.

Global News reached out to Petro-Canada and Suncor, which owns the former, to find out what’s behind the shortage, but neither responded by publication time.

Read more:
Albertans need to get used to paying higher prices at gas pumps: expert

Petroleum analyst and president of Canadians for Affordable Energy Dan McTeague believes it’s either a terminal issue or a problem with the refinery.

“It sounds like Suncor has got a problem both with its terminal here in Calgary, but it may very well be an issue between Suncor and Esso as other stations are now forced to basically take up the slack left by problems,” said McTeague.

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“It’s really unfortunate that we don’t have notices given of an impending crunch or what they call allocation. I see these things from time to time, but if they want to keep it secret, it stays secret. Except it’s no secret when it hits consumers.”


Click to play video: 'What’s fueling the spike in gas prices across Canada?'







What’s fueling the spike in gas prices across Canada?


What’s fueling the spike in gas prices across Canada? – Aug 15, 2021

His bigger concern is high gas prices.

“Gas stations are buying their fuel for about $1.14, $1.15 but charging $1.36,” McTeague said.

“That’s a 21-cent a litre retail margin. Perhaps they may want to curb their enthusiasm and realize that the consumer can only go so far when it comes to these kinds of price spikes at a time in which prices are dropping dramatically.”

A Petro-Canada gas station in Calgary on Sunday, Aug. 22, 2021.


A Petro-Canada gas station in Calgary on Sunday, Aug. 22, 2021.


Jackie Wilson/Global News

McTeague expects prices to decrease this week but noted that the Delta variant of COVID-19 is dampening oil and gas futures.

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“Markets are spooked,” he said.

“The reality is that all of these things could mean a lessening of demand, at least the market is seeing it that way. So while it isn’t great for the energy sector, it should at least be good for consumers.”

Read more:
COVID-19 Delta variant fueling gas price spike across Canada, analyst says

Consumers could be facing a week or two of supply issues, he explained.

“There isn’t an indication of what is causing this other than perhaps maintenance has gone on much longer than expected at the Suncor refinery. For that reason, there just isn’t enough to go around temporarily, so make do with what you have,” McTeague said.

“No need to fill up. There’s no massive shortage or anything like that. We have enough refinery capacity. Just happens that one of three major players here in the province has experienced a bit of a hiccup.”




© 2021 Global News, a division of Corus Entertainment Inc.





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