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Gas prices in the North still unstable

Gas prices continue going up across Ontario, but the North remains in it’s own league.

Dan McTeague, gas price analyst and President of Canadians for Affordable Energy, says the Wild North, as he calls it, moves on a very different schedule with retailers driving prices up and down without any rhyme or reason.

The north is all over the map, you can have a situation where some of it is 1.97, some of it is 2.02, and some might be a dollar 86 or 84,” McTeague says.

He says retailers calling the shots on prices will keep happening at least until Costco opens their pumps in the North.

Don’t even bother looking at gas prices in central and southern Ontario tomorrow (Thursday).

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McTeague is predicting a 6 cent a litre jump on Thursday. “Thursday is just not a day to fill up or to buy fuel. Wait until Friday to do that, I’m expecting at least a five cent decrease, the first decrease of this scale in several weeks,” McTeague says.

It’s looking like we are heading for yet another record high for gas prices, he says, but thankfully that may be the end of the line at least for now.

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