Expect a dip in how much you pay when you fill up your vehicle.
With fall set to start Wednesday, September 22, the winter blend of gasoline will flow as the Canada market mimics what the United States does with oil.
The Head of Petroleum Analysis Patrick De Haan tells Acadia News that between June 1st and September 15th, the U.S. Environmental Protection Agency (EPA) regulates gasoline to ease emissions in the warmer months.
“It may bring a relief by the end of the month between three to five cents a litre,” says De Haan. “The relief may take a while to realize because of the hurricanes that have impacted several key refining hubs in the United States and oil production.”
De Haan admits this summer was abnormal as compared to 2020.
“Because of what COVID-19 brought last summer, Canadians stayed far closer to home, which reduced demand and as result oil companies lowered production. This summer, on an account potentially of the vaccine boosting consumer confidence and bringing down cases at least early on, Canadians got out in very significant numbers, as a result of oil companies that had just trimmed production last year, we saw a very remarkable jump in demand which was not accompanied by an increase in supply.”
According to GasBuddy the price in Thunder Bay at most stations Wednesday is close to 147 a litre although there are a few that sell it for as low as 121.6.
Stations in Kenora and Dryden sell fuel for 141.9 while the Fort Frances price remains at 147 a litre.
