Gas is down in the Okanagan, selling for 109.9 per litre at more than ten gas stations in Kelowna. (Photo - Jen Zielinski)

Gas is down in the Okanagan, selling for 109.9 per litre at more than ten gas stations in Kelowna. (Photo - Jen Zielinski)

Gas prices drop in Okanagan as world economy continues to plummet

Gas is as cheap as 109.9 cents per litre in Kelowna

Gas prices in the Central Okanagan have dropped after stock markets around the world continue to plunge in the wake of the COVID-19 pandemic.

On Tuesday, oil traded for less than $30 a barrel, the lowest price since 2016. Analysts said prices may continue to decline as the coronavirus pandemic impacts demand and Saudi Arabia and Russia battle for market share.

Countries around the world, including Canada, are trying to take the appropriate measures to slow the spread of the virus, which is also reducing the demand for crude oil and products such as gasoline.

Currently, in Kelowna gas is selling for as low as 109.9 cents per litre at more than ten gas stations throughout the city.

In Penticton, it’s selling for an average of 110.9 cents per litre.

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Daniel Taylor
Reporter, Kelowna Capital News
Email me at daniel.taylor@kelownacapnews.com
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