Brief relief at the pumps as gas prices dip before long weekend

It was a sight many people were waiting for early Tuesday morning: relief at the gas pumps.

For the first time in weeks, gas was under $2 per litre at a number of stations.

Saskatchewan will not be the only province benefiting from the dip in prices, according to gas analyst and president of Canadians for Affordable Energy, Dan McTeague.

“We’re going to look at prices dropping in places like Manitoba, Saskatchewan, Alberta and central B.C.,” McTeague told CKOM and CJME’s John Gormley in an interview Tuesday morning.

But don’t get used to lower prices, McTeague warned, because the savings aren’t going to last long. He said many factors on the market are likely going to bring prices back up again.

Going into the long weekend, McTeague explained, the demand for gasoline is high and the supply is low, which likely means drivers will be paying more at the pumps next week.

“At the end of this week we start to see gasoline, diesel and of course petroleum companies, oil companies, making a little bit more money with oil going back up a bit,” McTeague said.

On Tuesday, the national average for regular gasoline was just above $2 per litre.