A tightness in supply, political instability,as well as a never-ending appetitie for gasoline is pointing to motorists in Saskatchewan paying more for fuel this year.
Dan McTeague is a senior petroleum analyst who says a more expensive year ahead is in the cards -- given the economic momentum of last year as well as increases in consumption for fuel. McTeague says these ingredients will likely lead to prices in Saskatchewan staying above the dollar-per-litre mark for the time-being. And McTeague says the lower prices last year took a toll on retailers.
McTeague says making oil accessible to North American markets is an emerging concern for provinces like Saskatchewan. He says supplies from the prairies moving to the US are crippled by pipeline and rail-capacity constraints. He susggests Saskatchewan should be more focused on building more pipelines as Canadian heavy oil is the largest imported crude supplier to the U.S. (Christina Cherneskey, CKRM Jan 1/18)