Wait a few hours before filling up your car, an expert advises. You’ll save a lot if you wait until Wednesday.
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“It’s not a good idea to go to the gas station today. Prices are at $1.84 a liter in many places, but tomorrow they will drop to $1.74,” predicts Dan McTeague, a gas price analyst who has been interested in the issue since 1994. “And I have a near 100% success rate with this type of prediction,” he boasts.
Dan McTeague also predicted a sharp increase in pump prices last spring, a prediction that turned out to be correct.
DECEPTION
What’s happening is that oil companies in Canada and the United States are having to make a production change in the gasoline they sell. “It’s that time of year when we replace various components that go into making gasoline,” explains the man, who is also president of the group Canadians for Affordable Energy. “For example, we add butane and reduce the amount of alkali used in the summer when it is hotter.”
Two times a year
We have been doing this type of modification for about thirty years, twice a year, he explains. This is an obligation for petroleum companies provided for in the law. “Normally it is the second week of September and the second week of April. “That’s also why prices often go up in the spring, not only because of demand, but also because we change the ingredients in the gasoline,” he says.
In short, waiting until tomorrow could be worth it for drivers. “Thanks to Dan McTeague, people will get at least two free coffees,” the expert is sure.