Relief at the Pump to Last Through Next Week
Prince George, B.C. – Gas prices are down around a dime a litre in Prince George from earlier this week.
By Friday afternoon gas cost 105.9 a litre at Costco and 109.9 most everywhere else.
“A lot of it has to do with the fact that U.S. prices, particularly out of Chicago, went up as much as 50 cents a gallon at the end of May, beginning of June,” says Dan McTeague, senior petroleum analyst at GasBuddy.com.
“And those prices have now really climbed down rather rapidly and so much so that it’s caught a lot of gas stations off guard because of course when prices drop that dramatically, they’re still left with inventory that’s very expensive. But they’ve clearly gone through that.”
He says the good news doesn’t stop there as the price of wholesale gas should drop again by Monday with prices dipping as low as 104.9 or 105.9.
“We’re looking at prices on the whole about 18 cents a litre less than they were at this time last year so big savings for consumers and I’m not seeing much change between now and Canada Day.”