Gas prices this week in the Okanagan are all over the map.
On Thursday morning, a litre of gas in the Central Okanagan was 122.9 cents, however the best bang for your buck was in Penticton with the average price hovering around 118.9 cents per litre. The lowest price in the region was 117.8 cents per litre at the Super Save on Green Mountain Road.
In Kelowna the cheapest gas price was 121.9 cents per litre at the Husky gas station located at 3941 Sexsmith Road and Highway 97, while in Vernon the gas prices were significantly higher at 129.9 cents per litre. In Lake Country it was selling for as low as 120.9 cents per litre.
Elsewhere in the province, the cheapest gas can be found in Prince George going for 109.9 cents per litre for regular.
Compared to Vancouver, prices in the Okanagan are quite reasonable, with a lite of gas selling for 139.9 cents.
Comparing provinces, BC. isthe most expensive for gas with an average price at 136.4 cents per litre, while Alberta is the cheapest at 94.5 cents per lite.
Retail gasoline prices are mainly affected by crude oil prices and the level of gasoline supply relative to gasoline demand. Strong and increasing demand for gasoline and other petroleum products in the United States and the rest of the world can increase pressure on available supplies, according to U.S. Energy Information Information Administration.
Unfortunately, when comparing the Okanagan’s prices globally, there is a little to be upset about.
For example, in Sudan gas was recorded as being as cheap as 0.14 per litre on Nov. 4, according to globalpetrolprices.com
Angola is right behind Sudan coming in at 0.32 per litre.
On the other side of the spectrum, the most expensive gas in the world can be found in Hong Kong, costing on average $2.04 per litre, according to the Business Insider. Right behind Hong Kong is Norway at $1.85 per litre.