Residents in Okotoks and across Central and Southern Alberta are wondering what is happening with the vast differences in gas prices as they travel through the province.

Dan McTeague, Senior Petroleum Analyst for Gas Buddy, says the cost of gas for retailers is the same across the board, so the only explanation for the price differences is competition.

"Hash tag gas bar shenanigans. Gasoline in Okotoks is the same wholesale and taxes in as it is in Calgary, Lethbridge, Medicine Hat, take your pick. Anywhere in Central, Southern Alberta tends to be pretty much the same price," he said.

McTeague says the differences at the pumps are due to the retail margin the provider is aiming to earn, while remaining competitive.

"That can be as high as twelve cents per litre. It is that twelve cents a litre, which is being treated, really, as a football. It's getting kicked around, causing a lot of confusion for folks. One day it's up, one day it's down. It's gas retailers really trying to keep their market share, while at the same time, ensuring to keep their nose slightly above the financial water line," he said.

He adds that the easy answer to the question as to what's going on with Alberta gas, is that retailers are in a gas war.

"It's a cut throat competition. It looks like Co-Op, Costco and No Frills are duking it out in Okotoks, along with Shell over there by Railway and 32nd street," he said.

McTeague says many retailers appear to be selling gasoline at below cost currently, so it's best to take advantage while you can.

Questions, comments, or story ideas? Email [email protected]

More Local News

Junior Achievement Approaches a Century Of Teaching Finance To Kids

It all starts with a lemonade stand for grade 4 students in the Foothills, as the Junior Achievement program works with kids from elementary to high school on critical financial and entrepreneurial…

Free Sand To Combat Slick Surfaces

The constant freeze thaw cycle can make for slick roads and sidewalks. To help make sure residents don't slip on the ice, the Town of Okotoks is offering free sand. All residents need to do is bring…

Turner Valley RCMP On The Lookout For Suspects Involved In A Break And Enter

Turner Valley RCMP are looking for a few suspects, after a break and enter incident at a property in Priddis. The property owner was awakened on the morning of December 10, by the sound of their dog… is Okotoks' only source for community news and information such as weather and classifieds.