Prince George drivers can expect another hike in gas prices.
Most stations in our city are 189.9 cents per litre while Costco remains a few cents cheaper at 184.9.
Dan McTeague with Canadians for Affordable Energy told MyPGNow.com.
“We are looking at 195.9 by the weekend. The 189.9 may not last much more than the next day or so.”
As for the summer, McTeague expects fuel prices to crack two bucks a litre in PG as the demand for the summer gasoline will rise ahead of the long weekend.
He stated the sanctions against Russian oil, the most recent COVID lockdown in China and an expected spike in vacation travel will play a role in where the price lands.
“Summer demand driving has not begun. It doesn’t start until the May two-four weekend here in Canada and Memorial Day, which starts at the same time in the US. Once that happens, the real tightness in gasoline, diesel, and oil supplies will start to become more obvious.”
“If Vancouver and Victoria go to $2.25 or $2.30, that would put your numbers closer to two dollars or $2.05 – so I think worst-case scenario we will be a nickel above two dollars a litre on certain days this summer.”
McTeague added fuel prices would be so much cheaper if more pipelines were built and things like the Carbon tax and other green initiatives didn’t exist.
“In a perfect world, if Canada continued to do what it has done very well environmentally, from a human rights perspective, producing energy the world needs, we would be paying 50, 60 or 70 cents less a litre than what we are paying today. But, such is the world we have elected and such is the world we now have to pay for.”
“Had we not been so eager to kill the Northern Gateway Pipeline and Energy East, we might be able to provide two million barrels of oil to an economy that could desperately use it. That short-fall is about two to three million barrels that would have easily seen oil drop 10, 20, 30 dollars a barrel, which would have meant a savings of 15 to 20 cents a litre.”
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