Gasbuddy.com, in its daily survey of 81 gas outlets in Saskatoon says the average retail gasoline prices in Saskatoon have fallen 1.6 c/L in the past week, averaging 170.57 c/L Sunday.

This compares with the national average that has fallen 1.6 c/L in the last week to 174.23 c/L, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Saskatoon during the past week, prices yesterday were 36.2 c/L higher than the same day one year ago and are 8.4 c/L higher than a month ago.

If you want marginally cheaper gas – head south. Regina is selling regular unleaded at 168. 49 cents per litre.

In a news release, Patrick De Haan, head of petroleum analysis at GasBuddy says the relief at the pumps including diesel in most provinces may be short lived. He suggests that the temporary suspension of the federal fuel excise tax may be quickly offset by surging oil prices.

De Haan points out, “Crude rallied sharply in Sunday night trading after Iran re-closed the Strait of Hormuz and President Trump signaled further escalation if Tehran does not come to an agreement.”

He says the continued global uncertainty could drive fuel prices up in the days ahead, eroding much- if not all- of the savings from the tax pause.