By Greg Fry

Gas price hike predicted for Kamloops drivers

Dec 20, 2017 | 3:58 PM

KAMLOOPS — Motorists in Kamloops are about to get a lump of coal in their stockings.

GasBuddy.com is predicting gas prices could rise as much as 10 cent-per-litre as early as tonight (Wednesday).

“Kamloops, the BC Interior, Kelowna, all of Western Canada with the exception of the Lower Mainland is looking at what’s amounted to almost a 10 cent-per-litre wholesale price increase,” says senior petroleum analyst Dan McTeague.

“It’s something a lot of us couldn’t have seen last week as a result of at least one major refinery in the U.S. Midwest out of Chicago which seems to have run into some trouble and has a lot of speculators assuming there wouldn’t be enough gas to go around the Prairies or at least the U.S. Midwest.”

He says that means gas stations have to adjust. 

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So, what does it mean for Kamloops?

“What it really means for us here in Kamloops is we’ve seen prices move from $1.12 to $1.179  and that $1.179 could go as high as $1.279 and probably will fall back to $1.239 by Friday or Saturday.”

Looking ahead McTeague says the prices will likely go down to about a $1.20-per-litre mid-week next week until New Year’s.