Gas prices falling in Kamloops and Okanagan, most noticeably in Penticton - InfoNews

Current Conditions

Mostly Cloudy
3.8°C

Gas prices falling in Kamloops and Okanagan, most noticeably in Penticton

The price of gas has fallen across the Thompson-Okanagan with Penticton seeing the largest drop. Prices are closing in on last year's average low price in some markets.
Image Credit: Shutterstock
November 18, 2019 - 5:00 PM

Gas prices are have been dropping in Kamloops and the Okanagan, most noticeably in Penticton.

Gasbuddy.com reports today, Nov. 18, prices are down 22 cents from last month’s average in Penticton, where a litre of regular gasoline is selling for $112.9.

That compares with $120.9 in Kelowna, where prices are down six cents a litre from last month’s average.

Vernon’s price is also down six cents over last month’s average at $123.9.

The Kamloops market has noticed the most negligible drop, down just two cents from last month’s average at $119.9.

Gas Price Wizard analyst Dan McTeague said with taxes in, most stations in the Okanagan are paying $115.0 to replace the fuel they are selling.

“It’s something of a gas war and drivers are actually doing quite well. Not sure if it will last, as $122.9 would be more in keeping with gas bars not losing their shirts,” McTeague said in an email.

According to Gasbuddy.com, the lowest recorded price for a litre of gas in local markets since 2008 ranges from a low of 74.6 cents a litre in Kamloops on Dec. 15, 2008, to 89.7 cents a litre in Vernon on Feb. 16, 2016.

Penticton and Kelowna recorded their lowest average price of 75.9 cents a litre in December 2008.

This lowest average price last year for a litre of gas in the Thompson-Okanagan was $108.9 in Kamloops, $112.9 in Vernon, $117.9 in Kelowna and $105.9 in Penticton.


To contact a reporter for this story, email Steve Arstad or call 250-488-3065 or email the editor. You can also submit photos, videos or news tips to tips@infonews.ca 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 © iNFOnews, 2019
iNFOnews

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