Gas price hike predicted for Kamloops drivers

By Greg Fry
December 20, 2017 - 4:58pm

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. 

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.

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