Gas prices taking a dive in the Okanagan and Kamloops
Gas prices have been steadily dropping over the last few weeks in Kamloops and the Okanagan.
The biggest change has been in Kelowna where the price has fallen by 11 cents a litre this month and 17 cents since mid-June.
Quite often changes in gas prices happen overnight. What’s different about the latest decline is how slow it has been.
On June 12, a litre of regular gas was selling for $1.79.9 in Kelowna. It fell to $1.73.9 by the end of June and today, July 26, is listed by GasBuddy.com as $1.62.9 at most stations.
But it ranges from a low of $1.59.9 (Canco on Ethel Street and Costco) to a high of $1.79.9 at half a dozen stations.
The changes have not been as big in other cities in the region.
Penticton’s prices dropped by 10 cents per litre from mid-June until today, sitting at $1.69.9.
Vernon is actually up two cents from mid-June but down seven cents from its peak in late June, also sitting at $1.69.9 for most stations.
Kamloops has only dropped five cents since mid-June to $1.67.9, although Costco is down at $1.64.9.
There are price differences between stations listed in all these cities.
The drops come on the heels of news Canada's inflation rate dropped to 2.8% in June, in part because of falling gas prices.
READ MORE: Canada’s inflation rate tumbles to 2.8%, but economists warn inflation fight not over
Vancouver shows a range of $1.62.9 to more than $2 per litre, with most stations being on the higher end.
Most Calgary stations range from $1.39.9 to $1.44.4 while Toronto comes in at $1.63.9 to $1.68.9.
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