'Puzzling': Gas retail margins in Calgary are more than twice the national average yyc gasprices abenergy
was being sold at Costco outlets for 147.9 cents per litre while one of the cheapest non-Costco options was Safeway selling at 178.9 cents per litre. The average price in the city was 180 cents per litre. Meanwhile, Edmonton’s average gas price was 175 cents per litre and Red Deer was averaging 178 cents per litre. Several locations across southern Alberta were trending around similar to prices to Calgary while areas near Edmonton were seeing prices as low as 167 cents per litre on average.
Earlier this year, the province introduced a tax break that saw the 13 cents per litre provincial tax on gasoline temporarily removed as West Texas Intermediate gas continued to trade at high prices. Premier Jason Kenney said at the time the province would be watching retailers closely to ensure those savings were passed on to the consumers. WTI was trading around $95 a barrel Friday, down from a high of around $123 a barrel in March.
He has also directed Service Alberta to explore if there are any tools the province could use under the Consumer Protection Act on the matter. Thomas Holloway, a senior instructor at the University of Calgary’s Haskayne School of Business, said while gas prices are high, there are small things drivers can do to help keep their costs down. He said driving slower, shortening trips and driving less frequently are all measures that can be taken.
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