If you’re looking for cheap gas, look south of the border.
Dan McTeague, with gasbuddy.com says the prices we pay for gasoline in Canada hinges on what happens on the wholesale side in the U.S-midwest market, and those prices have increased for a variety of reasons, like refinery turn-around and spring maintenance.
“My wholesale price is $1.04, I can’t sell it for $1.04, and honor your credit card which takes two or three cents off my bottom line, turn on my pumps, pay for the electricity, pay my staff, my overhead, taxes and the cost of amortization to run my gas station,” McTeague said.
Everyone in Canada will see gas start to rise due to the switch over to summer-spec gasoline that will guarantee an across the board hike of four cents a litre in the first part of April.
McTeague said Saskatchewan has some of the lowest prices for gasoline in the country. Lower mainland BC has some of the highest, where they were paying as much as $1.55 for a litre of regular unleaded on the weekend.