Egland scores Teddy Bear Toss goal but Pats lose in OT
2h ago
Over 3,000 stuffed animals were tossed onto the ice.
As the temperature is rising, it seems the gas prices are doing the same — much to the chagrin of drivers.
Gas in Regina is sitting at an average of about $1.13 per litre — up from just under $1.04 on Feb. 24.
Gas Buddy’s Dan McTeague told the 980 CJME Greg Morgan Morning Show the price of oil — West Texas Intermediate — has increased from $42 a barrel to nearly $59 a barrel since Christmas. During this time, the gasoline wholesale price has jumped about 25 cents per litre.
“I’m surprised frankly to see that gas is still holding at about $1.149 because it’s costing most gas stations here in Regina, unless they are getting big fat massive concessions from their supplier or refiner, it’s costing most of them about $1.11, $1,12 to buy their gasoline,” McTeague said.
Those hoping for a drop in the price shouldn’t expect to see one soon; prices are supposed to increase when the carbon tax comes into effect April 1.
“Unless they’ve got a rich uncle, a generous bank or perhaps they’ve got an accounting problem, they’re not going to be able to sell for under $1.16, $1.17 next week,” McTeague said.
He said the price of gas could get to be more than $1.20 for drivers in the Queen City.