Pump the brakes: What’s with Calgary’s inconsistent gas prices? | 24CA News

If your gasoline tank is working low, you would possibly wish to keep away from your typical spot to replenish and have a look round earlier than you hit the pump.

Fuel costs throughout the town of Calgary noticed wild fluctuations on Wednesday, with some stations promoting common gasoline for as little as $1.16 per litre and others as excessive as $1.34.

So what’s with the discrepancy?

“It’s all a money grab by everybody. The government and oil companies,” driver Gerry Kievit alleged.

But is the fluctuation actually a cash seize or a legit value hike? Energy specialists say it’s the latter.

Kalibrate analyst Paul Pasco stated wholesale costs of gas are on the upswing, and when gasoline stations should restock on the dearer gas is when clients will see the value bounce on the pump.

“It’s just that (some stations) haven’t taken delivery of the more expensive fuel — wholesale fuel — so once they take the extra delivery, when you see the big truck there, prices will go up immediately following that,” Pasco stated.

“We were really lucky over the Christmas period — crude prices were down, travel was down, demand was down — so we got to see some low prices.”

So why are costs going up?

Pasco stated there are quite a lot of elements, together with an increase in each value and demand for crude oil all of the whereas Russian shipments of oil and general refinery provides are on the decline.

And Pasco doesn’t suppose the value on the pump will go down anytime quickly.

“Starting in May we’re probably going to see a substantial creep,” he stated.

“I wouldn’t be surprised if June and July broke the records of last summer.”

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