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Gasoline analyst says price at the pump should soon decrease

first_imgMcTeague says he still remains confident prices will go down barring some sort of major geopolitical incident. He says gasoline prices have been way too high over the past month.“I think you’re going to see the speculators get burned and do a U-turn here, and start putting prices down that reflect the realities.”At the other end of the list, the three Prairie Province averages were all still below $1.00 a litre, and all more than $0.20 a litre less than the B.C. average, which was $0.10 higher than the national average.At $1.08.1, it was also nearly a nickel less than the common posted price for a regular litre in Fort St. John, which was holding steady at a $1.12.9.Advertisement “The increase has been very exaggerated on the markets, and I think we might be in for a correction for the rest of the year,” says senior analyst for gasbuddy.com Dan McTeague. “But it’s very hard to make long-term forecasts because so many players involved [are] ignoring supply and demand fundamentals, and that’s why prices remain steadily high.”“Just based on supply and demand, the fundamentals don’t support these higher prices, but it doesn’t have to have higher taxes in British Columbia, but that always adds to why prices tend to be much higher…not so much where you are – Vancouver and Victoria particular.”On the other hand, McTeague says the Canadian dollar’s strong position, if maintained, could result a downward price correction.- Advertisement -“It’s gained $0.08 value in the past five weeks – four weeks , so if oil and gasoline prices begin to tumble as they should –reflecting supply and demand realities – we could see prices well below the $1.00 litre range for the Fort St. John area,’ explains McTeague.This comes at a time when gas prices generally increase during tourism season.“It tends to peak at the end of April, and then it starts to come down, but it takes a couple of weeks for that the happen,” McTeague goes on to say. “But remember, depending on what gas stations have in terms of its capacity reservoir they can hold out or have to replace whatever cost is there – it may take a couple of weeks for theses things to make its way through.”Advertisement That put it $0.14 a litre higher than what gasbuddy.com had as the low-end price in the province – which was $0.98.9 98 a litre at the Prince George Costco outlet.That in turn was the only survey price in B.C. below a dollar a litre,  but it resulted in a $0.31 provincial differential because the high end price cited at 15 Greater Vancouver area outlets was $1.29.9.Still things remain much better now than they were a year ago when the B.C. average price was $1.42.9 a dollar, and the national average a $1.37.4.last_img read more

Memorial is today for Jennifer Moss

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals E-mail condolences can be sent to the family at [email protected] Bryan Dunlap Jr. service set today A memorial service for Bryan William Dunlap Jr. of Littlerock will be held at 4 p.m. today at Chapel of the Valley Mortuary, 1755 E. Ave. R, Palmdale. Born April 30, 1979, in Northridge, he died Wednesday at age 26 in a car crash in Littlerock that also killed his fiancee, Jennifer Lee Moss. Survivors include his parents, Barbara and Bryan Dunlap; grandfather, David Dunlap; grandmother, Mary Overlock and her husband, Richard; grandfather, Clarence Ellis; sister, Amanda Dunlap; aunts, Sue Pennington, Theresa Kosty and Cindy Mortenson; uncle, David Dunlap; and numerous cousins. Chapel of the Valley Mortuary is in charge of arrangements. E-mail condolences can be sent to the family at [email protected] 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! A memorial service for Jennifer Lee Moss of Littlerock will be held at 4 p.m. today at Chapel of the Valley Mortuary, 1755 E. Ave. R, Palmdale. Born May 30, 1986, in Sun Valley, she died Wednesday at age 19 in a car crash in Littlerock that also killed her fiancee, Bryan William Dunlap. Survivors include her mother, Catherine Katie Ings, and her mother’s husband, Fred; father, Lionell Moss; maternal grandparents, Amory and Catherine Parker; brothers, Ronald “Buddy” Ratliff, Lionell “Kayo” Moss, Michael Lee Moss and Frederick Ings II; sisters, Penny Lee Moss and Jessica LoPresti; aunts, Marma Lee Brehm, Jackie Wilder and Deborah Steffen; uncle, Amory Parker III; and numerous cousins, nieces, nephews, and in-laws. Chapel of the Valley Mortuary is in charge of arrangements. last_img read more