Gas prices not reflected in crude five week low
Aug 4, 2011 | 12:39 PM
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The price oil has hit a five week low, but that doesn’t necessarily reflect what you pay at the pump.
As of August 4, gas was selling for 122.9 a litre at most places in Saskatoon and 123.9 in Regina.
Analyst Roger McKnight does expect the price at the pump to fall.
“Once the hurricane season finishes, which is mid-October, then prices may come down,” said McKnight.
McKnight says typically that for every two dollars crude drops gas should fall by about a cent.
news@panow.com
