Christmas came early to Moose Jaw motorists as the price of gas has yet again dropped within the city.
This time the price has gone down to as low as 133.9 cents per litre at one station in Moose Jaw. This marks the lowest price the city has seen this year since Jan. 11, according to GasBuddy data when a listed price of 134.9 cents per litre was recorded.
Elsewhere around town, three stations have a listed price of 137.9 cents per litre, according to GasBuddy, while the other stations are recording prices of between 146.9 to 150.9 cents per litre.
GasBuddy Petroleum Analyst, Patrick DeHaan says there are a number of reasons why prices continue to fall.
“Oil prices have declined, retail gasoline prices at gas bars have followed at a slower pace, and still some decreases in the pipeline,” says DeHaan.
The recent decline in wholesale oil prices has allowed gas station owners to lower much more than just their gasoline prices.
“Now diesel prices at most stations are just under $2/litre but that should continue to decline as well as we’ve seen improvements in gasoline and diesel supply.”
DeHaan adds that it is unclear if prices will increase or decrease in the coming weeks, as new data continues to flow in.
“We could see it go a little bit lower, although with numbers just out from the US Government it does look like inflation may be slowing down and that could heat oil prices back up. Maybe in the next week or two, we may see a soft landing for prices.”
As of Tuesday morning, the average price of gasoline in Moose Jaw is listed at 146.9 cents per litre. Provincially the average is six cents lower at 140.3.
The price of gasoline in Moose Jaw has dropped nearly 70 cents from its highest-recorded average of 206.9, which was seen back on June 9, 2022.
Gasoline price decreases have been seen across Canada, as the highest fuel price listed is in Fort St. John, BC at 177.9. The cheapest gasoline price can be found in Thunder Bay, ON coming with the low price of 113.9 cents per litre.