Gas prices at 7/11 Petro Canada Thursday morning, Aug. 4. Gas prices at Circle K Esso on Thursday morning, Aug. 4.
Safeway in Terrace was selling regular gas at $1.95.9 cents per litre Thursday morning, a full 4 cents lower than at the 7/11 Petro Canada station on Hwy 16 where a litre of fuel would set you back $1.99.9. Prices had already dropped to $1.84.9 at the Petro Canada in Kitwanga on Wednesday. The Wesco in New Hazelton was observed at $1.90.9 the same day and Kyah Gas in in Witset was selling for $1.92.9.
He said it’s part of a global trend as wholesale gas prices decline. Oil was off about $40 a barrel from its peak in early March after Russia invaded Ukraine, according to De Haan. Part of this is due to a small improvement in supply, but De Haan pointed to concerns around an economic slowdown as the biggest downward driver.
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