2018 is going to be an expensive year for gas.
Gasbuddy.com is out with its yearly forecast which shows an increase in oil demands, possibly reaching 100-million barrels of oil a day.
Senior Petroleum Analyst Dan McTeague says because of the output cuts from OPEC nations, we will likely see an oil shortage causing for higher prices at the pump by about 5 to 7 cents a litre.
McTeague says demand for gasoline products, a strong U.S. economy and a weak Canadian dollar are also to blame.
Right now in Dryden, gas is sitting between 116.9 to 117.9.
McTeague says it’s likely the wholesale price for gasoline in Western Canada will continue to rise and that will affect the entire country.
He expects an increase in the next couple of weeks.
