Jumps at the pumps hit residents in the pocket book

You may want to hold off filling-up your gas tank, as gas in the city jumped almost to a dollar a litre overnight.

Most stations in Prince Albert are selling regular gas for 97.9 cents per litre today, Dec. 13. Oil analyst Roger McKnight said gas wasn’t selling at a profit, hence the large spike.

“The normal margin is about 7.5 cents a litre and at 87.9 they were basically buying it at that price and selling it at that price,” McKnight said.

“So someone said enough is enough and decided to get back into the business of selling gasoline as a profit…or at least to cover their costs,” he added.

McKnight expects prices to fall a few cents over the next week or so. 

2023-24 Hardware

AAA Stars celebrate best of season with year-end awards

6h ago

Riding boundaries changing

MP Gary Vidal announces he won't seek re-election in next election

6h ago

Safety first

Safety concerns and tips surrounding discarded needles in P.A.

7h ago

“I feel you’ll probably see a little drop of 3 cents over the next few days…because the margin that you’re at now is 10 cents a litre and that is a bit high,” he explained.

According to gasbuddy.com, prices were similar outside Prince Albert, as well.

Nipawin currently sits at 97.9, North Battleford the same. Melfort is selling at 89.9, while La Ronge is at 93.9.

–with files from CJME.

teena.montelone@jpbg.ca

On Twitter: @teena.monteleone