Prices Creeping Up in the Sault

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Depending where you fill up for gas will depend on the price you pay at the pumps Thursday in Sault Ste. Marie.  At least a few stations have increased the price about 5 cents a litre.  Shell stations and Esso raised the prices Thursday morning to $1.24.9 up from $1.19.9 yesterday.

Other stations have not followed suit yet.

By comparison, in Canadian dollars, the same litre of fuel cost just .92 cents a litre in the Michigan Sault.

Oil closed yesterday at $74.1 CND a barrel

The increase is being blamed on demand. “There’s no mistaking it: There’s pretty good demand for both crude oil and gasoline in the United States now and it could stay this way the next couple of months,” said John Kilduff, partner at New York energy hedge fund Again Capital.

Tomorrow’s Gas Prices Today, a popular website to follow price increases in almost every city in Canada is calling for no change of price at the pumps however, nationally it’s calling for a two cent price increase on average.

Gas prices started to plunge late in 2014 and dropped further in the early part of 2015 to just .98 cents a litre, since then prices have crept up slowly during the winter months. Prices held steady for several months at $1.09 a litre in March and then rose about 15 cents a litre since then in Sault Ste. Marie.

 

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