National

What's Up For Canada Day? For A Change, It's Not Average Gasoline Prices

Darpan News Desk, 30 Jun, 2017 11:44 AM

CALGARY — Canadian motorists hitting the road for the country's 150th Canada Day weekend are expected to find the lowest average gasoline prices in seven years, according to GasBuddy.com.

The retail fuel price tracking company says that drivers will be paying an average of 104.4 cents per litre, 13 cents less than the 10-year average of $1.17 and the lowest Canada Day long weekend price since 2010.

GasBuddy senior petroleum analyst Dan McTeague says the prices are a welcome relief after years of summer price increases.

He says this weekend will "put to rest the myth" that gas prices always go up for the holidays.

Michael Ervin, a fuel market analyst with the Kent Group, says lower gasoline prices mainly result from North American refineries being able to buy oil at lower prices.

He said refinery production has been strong, allowing gasoline inventories to build and preventing an imbalance in supply and demand that might force prices higher.

Prev Next

MORE National ARTICLES

'Canada's Defence Investments Will Grow Innovative Businesses and Create Jobs'

The Canadian aerospace and defence sector supports more than 240,000 jobs and contributes $31 billion annually to Canada's gross domestic product.

'Canada's Defence Investments Will Grow Innovative Businesses and Create Jobs'

'It Hurts:' Family Angry Over Jailing, Shackling Of Sex Assault Victim

EDMONTON — The family of an indigenous sex assault victim who was jailed and shackled while testifying against her attacker is angry about how she was treated by Alberta's justice system and wants the man to spend the rest of his life in jail.

'It Hurts:' Family Angry Over Jailing, Shackling Of Sex Assault Victim

B.C.'s NDP-Green Agreement Required Reading Ahead Of Likely Minority Government

VICTORIA — The recently signed New Democrat and Green party manifesto to form what is likely to result in British Columbia's first minority government in sixty-five years has become required reading for business, social and labour groups.

B.C.'s NDP-Green Agreement Required Reading Ahead Of Likely Minority Government

First Supervised Injection Site To Open In Surrey But Some Say They Won't Use It

SURREY, B.C. — Drug users will start injecting their own heroin or other illicit substances at a new supervised injection site opening this week in Surrey, B.C., in efforts to curb a crisis in overdose deaths.

First Supervised Injection Site To Open In Surrey But Some Say They Won't Use It

B.C. Veterinary Group Sorry For Discrimination Against South Asian Members

The College of Veterinarians of British Columbia was ordered to pay each doctor between $2,000 and $35,000 for "injury to dignity," plus thousands of dollars for loss of salaries and expenses.