City of Moose Jaw – Request for Proposals for Investment Management Services

 For more information

click here...

What might you be paying at the pump this year?

The price at the pumps is always a hot topic, and GasBuddy.com predicts that'll go up in Saskatchewan for the 2018 year.

Dan McTeague is their senior petroleum analyst and said a four to five-cents-per-litre increase is likely for Moose Jaw and Saskatchewan as a whole from 2017 prices.

"It's going to be a very robust year for both oil and gasoline, in terms of production and demand," the former Liberal member of parliament said. "We saw 2017 prices move an average of about four to five cents above 2016, and that momentum is going to continue. A strong US economy demand for gasoline continuing to break record after record, month after month, including of course the value of the Canadian Dollar, which is sum, and very often challenged, because of the low price of our oil as well as our continuation of our inability to sell as much oil as we did in the past."

McTeague's views don't align as much with the federal Liberals as they once did, as he's very critical of Canada's lack of pipeline use.

"I'm standing back and watch a minority basically block pipelines in this country that are the lifeline of our standard of living," said McTeague, speaking of environmentalists and Aboriginal groups protesting.

"It seems to me that it's something that's extremely important to Canada's economic well-being and that we have nothing to hide in terms of our ability to provide sustainable development of the oil industry. But no one's going to invest in oil if they can't get it to market."

When McTeague spoke with Golden West Radio, West Texas Intermediate Oil was selling for $62 a barrel, which was about $25 higher than the price of Canadian oil. 

"It's very injurious to our energy sector, but it's also potentially threatening the finances of the province as well as that of the national government, that by no coincidence has increased its debt to a level, in two years, that'll take 25 years to repay. If we continue to devalue our resources, for whatever political reasons, we are going to pay a cost not just this year in terms of gas prices, but a much larger cost across the country for years to come."

McTeague also says the cold weather that's hit parts of the prairies and eastern Canada down into the US also contribute to higher prices. Buying gas in Saskatchewan looks like it will be slightly less expensive than other provinces, as there is no carbon tax in Saskatchewan.

"I'm concerned that Keystone XL will not see fruition," said McTeague. "We've already seen the loss of Energy East's potential boost to the Canadian economy - east and west, some $14-15 billion a year. I don't think we can afford to lose another pipeline, even with approval of Transmountain Pipeline, and the rebuild of Line 5 Enbridge, will not be enough to offset the growth and development of the Canadian oil sands industry, which, of course, is able to produce a lot more oil to a market that is willing to accept it, not just globally but also the United States."

More Local News

Impaired Driver Sentenced for Death of Moose Jaw Woman

He says he'll take the time to better himself and then apologized for his actions, saying the horrible decision tears him apart. Adrian McLaren, of Moose Jaw, gave that statement in the Swift Current…

Addressing Mental Health Funding

Statistics from the Canadian Mental Health Association (CMHA), through a survey conducted by Maru Voice Canada, found that 53% of 1,510 Canadians aged 18 and up believe that anxiety and depression is…

Hunters Can Help Prevent the Spread of CWD

The Ministry of Environment wants hunters to help with the studies that will help to prevent the spread of Chronic Wasting Disease (CWD). CWD is a fatal, infectious disease that affects members of…

Freshening Up Sidewalk Days for 2020

After some turmoil, Sidewalk Days found stability in a brand new, dedicated group of volunteers and now that group wants to find some new recruits to take them to the next level. Jacki…

City Hit With $240,000 Bill During Transmission Line Project

Just like when you're renovating your home, you never know what you're going to face until you start a project. That has certainly been the case with underground infrastructure work in Moose Jaw this…

Newest K9 and Officer Ready for Good and 'Ruff' Days

Last week two new recruits for our local police force made their debut at an open house event. The Moose Jaw Police Service is beefing up their K9 Unit, but shortly after they were introduced to the…

Group Looks to Support Those With Autism & Aspergers

Reaching out to someone while going through a difficult life experience is tough, and it can be even more difficult when you have Autism or Aspergers. For these conditions, there often isn't much…

Ticketmaster in Hot Water After Price Inflation Allegations

A law firm in Regina is in the middle of a class action lawsuit against Ticketmaster after allegations that the company manipulates their inventory to raise the prices of tickets. Merchant Law has…

Cookies Bring a Smile to Local Health Foundation

There's no better way to treat yourself and treat the local health foundation with a donation, by buying a smile cookie. Running until Sunday, Tim Hortons locations across Canada will be running…

Issues Continue with Public Alerting System

It's not the first time and it looks like they still don't have it figured out. The Ministry of Government Relations is responding after the SaskAlert push notification for Sunday's Amber Alert was…

DiscoverMooseJaw.com is Moose Jaw's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login