UPDATE:Gas prices expected to rise Wednesday - InfoNews

Current Conditions

Partly Cloudy
11.6°C

UPDATE:Gas prices expected to rise Wednesday

Image Credit: Shutterstock
April 22, 2019 - 10:56 AM

Be prepared to shell out at the pumps this week.

Dan McTeague, an analyst with GasBuddy.com, says in a Tweet that due to a U.S. oil embargo on Iranian oil, gas and diesel prices are expected to climb drastically by Wednesday.

The wholesale price for gas today is at about $1.36 per litre, McTeague told iNFOnews.ca. That number is likely to rise two cents in just two days.

"Gas stations can't operate without a six-cent-per-litre margin," McTeague says on the phone. "So $1.43 might be seen at many stations by Wednesday beginning tomorrow."

Kamloops drivers are seeing prices of $1.329 today; Kelowna prices are at about $1.379; Penticton's are at $1.359; and Vernon is seeing $1.409.

Gas prices in B.C. are already up $0.11 from yesterday sitting at an average of $1.553 per litre. Premium fuel prices in the Lower Mainland went over $2 per litre at some stations. These are the highest rates in the country.

 

 

—This story was updated at 12:06 p.m. on April 22, 2019 to include new information.


To contact a reporter for this story, email Shelby Thevenot or call (250) 819-6089 or email the editor You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw.

We welcome your comments and opinions on our stories but play nice. We won’t censor or delete comments unless they contain off-topic statements or links, unnecessary vulgarity, false facts, spam or obviously fake profiles. If you have any concerns about what you see in comments, email the editor in the link above. 

News from © Infotel News Ltd, 2019
Infotel News Ltd

  • Popular kelowna News
  • Comments
View Site in: Desktop | Mobile