Finally some good news is hitting Western Canada when it comes to fuel, as gas prices begin to lower and shortages become a thing of the not-so-distant past.
Photo Credit: KelownaNow.Petro-Canada stations in Kelowna began to run out of fuel on June 3.
With wholesale prices on the decline and the retail margin normally in the range of 12 cents a litre in Kelowna, Dan McTeague with GasBuddy.com told KelownaNow drivers can expect to see gas drop from 123.9 to 116.9 as of Wednesday.
2/ Gas Alert #Regina #Saskatoon should fall 6 cents a litre with #Calgary #Edm falling 5 cpl. #Kamloops should drop 3-5 cpl, Kelowna -7 cts
— Dan McTeague (@GasBuddyDan) June 14, 2016
McTeague said there will be a minimum decrease of about seven cents a litre for customers, because of the market south of the border.
“What happens in Chicago matters affects all of Western Canada prices. As quickly as they went up eight, 10, 12 cents a litre in the past few weeks, as of last Friday, it’s come down 13 cents a litre on the wholesale side,” he explained.
McTeague also talked about the gas shortage, which he said seems to be coming to an end, with Suncor in Edmonton, which supplies Petro-Canada stations across Western Canada, getting part of its system back up and running.
“There’s a sense that they’ll have most of their stations restocked,” McTeague said. “So I’m thinking next time this week there won’t likely be an issue.”
Gas stations still may be a little short on supply, according to McTeague, but most of this will be just due to lag in distribution.
The shortage, which hit Kelowna just under two weeks ago, affected about half of the Petro stations across most of Western Canada.



