What might you be paying at the pump this year?

The price at the pumps is always a hot topic, and GasBuddy.com predicts that'll go up in Saskatchewan for the 2018 year.

Dan McTeague is their senior petroleum analyst and said a four to five-cents-per-liter increase is likely for Weyburn and Saskatchewan as a whole from 2017 prices.

"It's going to be a very robust year for both oil and gasoline, in terms of production and demand," the former Liberal member of parliament said. "We saw 2017 prices move an average of about four to five cents above 2016, and that momentum is going to continue. A strong US economy demand for gasoline continuing to break record after record, month after month, including of course the value of the Canadian Dollar, which is sum, and very often challenged, because of the low price of our oil as well as our continuation of our inability to sell as much oil as we did in the past."

McTeague's views don't align as much with the federal Liberals as they once did, as he's very critical of Canada's lack of pipeline use.

"I'm standing back and watch a minority basically block pipelines in this country that are the lifeline of our standard of living," said McTeague, speaking of environmentalists and Aboriginal groups protesting.

"It seems to me that it's something that's extremely important to Canada's economic well-being and that we have nothing to hide in terms of our ability to provide sustainable development of the oil industry. But no one's going to invest in oil if they can't get it to market."

At the time of the interview with McTeague, West Texas Intermediate Oil was selling for $62 a barrel, which was about $25 higher than the price of Canadian oil.

"It's very injurious to our energy sector, but it's also potentially threatening the finances of the province as well as that of the national government, that by no coincidence has increased its debt to a level, in two years, that'll take 25 years to repay. If we continue to devalue our resources, for whatever political reasons, we are going to pay a cost not just this year in terms of gas prices, but a much larger cost across the country for years to come."

McTeague also says the cold weather that's hit parts of the prairies and eastern Canada down into the US also contribute to higher prices. Buying gas in Saskatchewan looks like it will be slightly less expensive than other provinces, as there is no carbon tax in Saskatchewan.

"I'm concerned that Keystone XL will not see fruition," said McTeague. "We've already seen the loss of Energy East's potential boost to the Canadian economy - east and west, some $14-15 billion a year. I don't think we can afford to lose another pipeline, even with approval of Transmountain Pipeline, and the rebuild of Line 5 Enbridge, will not be enough to offset the growth and development of the Canadian oilsands industry, which, of course, is able to produce a lot more oil to a market that is willing to accept it, not just globally but also the United States."

Forecast Shows Promise for Producers

Following weeks of cold and wet conditions, it appears Mother Nature has had a change of heart. The southeast corner, as well as many other parts of the province, are being hit with a "heat wave" in…

Local Plumbing Apprentice Aims to Compete Internationally

One local apprentice plumber is competing for Skills Canada's top plumber under 22 years of age. Next May, 19-year-old Carson Colqhoun will compete against one other young Canadian for the…

Premier Says The Province is Still Waiting for Ratification of Equivalency Agreement

During a visit to Estevan on the weekend, Saskatchewan’s Premier Scott Moe addressed the concerns of those in the area in regards to power generation. He said he has a number of concerns with the…

Temporary Paving on Government Road in Progress

Detours are a traffic inconvenience, especially when a highway that runs through a city is closed for nearly four months. The inconvenience has been, arguably, worst for the residents of the area.…

Cannabis Legalization Not A Free For All

The day is here. Cannabis is now legal for recreational purposes across Canada and can be legally purchased from licensed retail and online stores. A question comes to mind for many, however. What…

How You Can Make a Difference on Children's Wish Day in Saskatchewan

Today is Children’s Wish Day in Saskatchewan. With the goal of raising $40,000, the Children's Wish Foundation has partnered up with Golden West Radio to help grant the wishes of local children with…

High Speed Pursuit Near Weyburn Leads to Arrest

A high-speed pursuit by Weyburn RCMP has led to the arrest of a 23-year-old man. Derek Debnam is facing several charges, including flight from police, after RCMP received a call about an erratic…

Police Seeking Information on Vehicle Theft

It's not the best way to be reminded to lock up your possessions while you're swimming, but one local resident received the harsh reminder during his swim earlier this week. Members of the Weyburn…

Big Change to Weyburn Airwaves

Weyburn residents awoke to a new sound on the radio today. The station formerly known as K106, has been relaunched as BIG106. Along with a new name, the station will be operating under an entirely…

Charges Laid After Pedestrian Struck by Vehicle

Weyburn Police Service received a call yesterday at 5:00 p.m. of a vehicle-pedestrian collision at the intersection of Coteau Avenue and Second Street. “The vehicle was making a left-hand turn onto…

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

Search the Biz Guide

Login