Gas prices could be going up soon in the area.
 
On Thursday (January 11) morning, the cost of fuel for consumers was 105.9 cents per litre. Local stations were purchasing the fuel for 103.8, meaning they're only making about two cents on the litre.
 
"I would expect prices are going to have to move up," said GasBuddy senior petroleum analyst, Dan McTeague. "You're not going to be able to make ends meet with current prices, that's barely enough to honour a credit card."
 
In the cost of fuel right now, the wholesale purchasing price is 69 cents per litre. Add into that 10 cents for the federal tax, 13 cents for provincial tax, 6.73 cents for the carbon tax and multiply by five to account for GST. The grand total is 103.77 cents per litre.
 
"If you're selling under $1.07 or $1.08 today, you've got to find a way to cross-subsidize that loss... sometimes it could be diesel or premium gas price differentials."
 
The normal profit margin is about four to five cents per litre.

More Local News

Update: area highway closed after collision

A portion of Highway 28A has reopened after an incident earlier this morning (Feb.17).

Sunglasses in the winter: Polarized or non-polarized?

According to Optometrists, caring for your eye health in the winter months is just as important as in the summer.

Strathcona County to install new traffic cameras

Drivers can expect to see traffic cameras installed at two more intersections in Sherwood Park this year.

Plenty to do for Family Day long weekend

Don't let the cold stop you and your family from having fun this weekend.

Ward boundary adjustments coming in Strathcona County

With more and more residents calling Ward 4 home, Strathcona County is looking to redraw its ward boundaries.

Fort Saskatchewan woman charged after police pursuit

Four people, including a woman from Fort Saskatchewan, were recently arrested.

Are you getting too much screen time?

How much time do you spend looking at your phone?

Facey to offer students new AP program this fall

Bev Facey Community High School is looking to give its students a leg up before and after graduation.

Pet registration deadline around the corner in Strathcona County

The deadline to register your pets is coming up soon in Strathcona County.

Winterfest cancelled in Fort Saskatchewan

The frigid weather isn't just wreaking havoc on our vehicles and skin.

DiscoverWestman.com is Westman's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login