Looks like Dan McTeague's predictions came true....
Quote:
Dan McTeague, senior petroleum analyst at GasBuddy, expects prices could rise to between 98.9 to 102.9 cents per litre as wholesale prices slowly increase.
He said gas stations can’t make money on current prices that have recently been as low as 84.9 cents per litre in Calgary.
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Quote:
“We could see prices moving to 102.9 (cents per litre)– worst-case scenario. Best-case scenario, 98.9 (cents per litre) for the foreseeable future,” McTeague said.
He said it’s costing gas stations at least 90 cents per litre to buy their gasoline today, so they’re currently losing money.
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http://globalnews.ca/news/3632390/hi...lgary-analyst/