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					                    <h1 class="story-h gn-speakable-title">Hurricane Harvey&#8217;s impact on London gas prices expected to be unprecedented</h1>
										
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    	<p>Londoners may remember gas prices jumping when Hurricanes Ike and Katrina hit, but a petroleum analyst is warning the price increase due to Hurricane Harvey will be unprecedented.</p>		<p>
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			READ MORE: 			<a href="https://globalnews.ca/news/3708730/greater-toronto-area-gas-prices-harvey/" target="_blank">
				Harvey: GTA gas prices could see sharp hike in coming days due to flooding, damage			</a>
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	<p>&#8220;We&#8217;re talking about a supply constraint, a very real one,&#8221; said Dan McTeague, senior Canadian petroleum analyst with GasBuddy.</p><blockquote><p>&#8220;By the looks of it, about 31 per cent of total U.S. gasoline production and diesel production is now sidelined.&#8221;</p></blockquote><p>Prices in the London region hit an average of 120.8/litre on Friday with some gas bars selling for as low as 113.9/litre, bringing the average down.</p><p>Another five- or six-cent per litre jump is expected by Saturday, frustrating many London drivers.</p><div class="embed-twitter"><blockquote class="twitter-tweet" data-width="500"><p lang="en" dir="ltr">Gas prices are skyrocketing in the aftermath of <a href="https://twitter.com/hashtag/Harvey?src=hash">#Harvey</a>, and <a href="https://twitter.com/hashtag/ldnont?src=hash">#ldnont</a> resident Khoshava Chikko says it&#39;s &quot;crazy.&quot; <a href="https://t.co/YsvvHU1ehN">pic.twitter.com/YsvvHU1ehN</a></p>	<div class="story-ad-read-more"><a href="javascript:void(0);">Story continues below</a></div>
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<p>&mdash; Liny Lamberink (@LinyLamberink) <a href="https://twitter.com/LinyLamberink/status/903302746450919424">August 31, 2017</a></p></blockquote><p><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script></div><p>&#8220;Just on the wholesale side — I&#8217;m just having a quick look at the prices last week compared to what they will be going into the weekend — you&#8217;re looking at about an 18 cent a litre wholesale price increase, with taxes that brings it almost to 20 cents,&#8221; McTeague explained.</p><blockquote><p>&#8220;I would categorize this as, from an impact for consumers, the greatest we&#8217;ve experienced. Period.&#8221;</p></blockquote>		<p>
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			READ MORE: 			<a href="https://globalnews.ca/news/3591275/price-war-drives-gas-in-st-thomas-to-86-6-cents-per-litre/" target="_blank">
				Price war drives gas in St. Thomas to 86.6 cents per litre			</a>
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	<p>The high prices could last all of September, depending on when production is able to resume.</p>	
		
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