January 13, 2015 - 12:11 PM
PENTICTON - The Penticton market has breached the benchmark figure of one dollar per litre for gasoline.
The price of a litre of regular gasoline broke under the one dollar per litre barrier on Sunday, Jan. 11, as gas stations in the city posted prices of 99.9 cents per litre for regular gas.
The one exception, according to the website Gas Buddy BC, is Super Save Gas on Green Mountain Road, where the price sits at 98.9 cents per litre.
The price of a barrel of oil sat at $54.90 Canadian on world markets on Tuesday, Jan.13. Website Tomorrows Gas Prices Today predicts lower prices with 100 per cent probability over the next week as it appears there is no end in sight yet to falling world prices for oil.
The Penticton market has been slower to react to falling prices than at other stations in the South Okanagan. Kaleden Petro Can dropped below a dollar per litre during the last week of December, and is now at 96.9 cents per litre. Penticton’s prices have been dropping since then, but did not break through the dollar barrier until Sunday.
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News from © InfoTel News Ltd, 2015