Page 4 - inSide DrumhellerAug 21 2015

4 - Friday, August 21, 2015 inSide Drumheller | inSideDrumheller.com

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Gas prices spike at local stations

Sarah Devereaux | inSide Drumheller cal stations increased their price to 122.9 per litre, Van Kannel, General Manager of Drumheller Co-op.
but by Sunday evening had returned the price back Van Kannel said he has heard of some other sta-
Over the past week the cost of gas has hit the down to 112.9 per litre.
pockets of many Drumheller residents and through- tions around Calgary who have increased their pric-
out the province and the country. She said she doesn’t understand why the prices are es to as much as 129.9 per litre.
increasing and decreasing so much.
Last week on Wednesday gas was sitting at 105.9 “It is definitely not a local situation or even nation-
per litre at most stations in Drumheller, but when “In Calgary, Airdrie, Strathmore it is 122.9, the ally (because) it extends right down into the (United)
residents woke up Thursday morning their wallets price is going up, going down, going up, going down States,” he said.
got a wake up as well. and I don’t know why, maybe they have a crazy sys-
tem,” she said. He also said that during the summer season the
The price increased to 112.9 per litre and by the demand is higher for gasoline so that “compound’s it
weekend some gas stations in town had increased On Monday, Palk had her station price at 122.9 per as well.”
their price to 122.9 per litre following what many litre but decreased it to 112.9 per litre by Tuesday
stations in Calgary and other surrounding cities had morning. As of Tuesday morning the current national aver-
their prices set to. age is 117.42 per litre with the Alberta average just a
The Drumheller Co-op was able to keep their bit higher at 118.98 per litre according to calgarygas-
Sook Palk, owner of Esso Drumheller said the prices at 112.9 per litre until Tuesday morning when prices.com. The price of crude oil is $42.68 US per
prices have gone up very quickly over the past week. they increased the price to 117.9 per litre. barrel.
She said she increased her price to 122.9 per litre on
Friday. “The only thing that I understand is that we all look Secretary II
at the price of crude oil coming down, but I think
Over the weekend she saw that no other gas sta- there is certainly a lot more to it than that. I think DVSS is accepting
tion in Drumheller increased their price, until she it seems to come down to supply and demand and applications for a
saw that on Sunday morning one of the other lo- right now the supply seems to be short. I think that Secretary II position
is probably what is impacting it the most,” said Gord in the office.
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