Saskatchewan gas prices could drop even lower

A national expert on gas prices believes the low prices we've been seeing at the pump could last all winter.

Jason Toews, co-founder of the websiteGasBuddy.com, believes gas prices are likely to go down another four or five cents this winter, and will likely stay therefor the most part.

"In Regina, we're almost below 90 cents a litre," said Toews. "We're actually seeing some of the lowest gas prices in the country right now."

Gas prices saw a similar dip at this time last year.

So, what's going on?

Toews says it's a simple matter of supply and demand.

"During summer driving season, there's a lot of demand for gasoline," he said. "People are going out to the lake, they're taking family vacations, and of course, we've got a strong agricultural society here, so a lot of farms are using fuel."

In the summer, many refineries runat full capacity, meaning they are already making as much gas as they can.When demand spikes, the price at the pump can spike as well, regardless of low crude prices.

"Gasoline gets a little bit disconnected from the price of crude oil in the summer months because of the law of supply and demand," Toewssaid.

Other than a likely spike around Christmas, gas prices areexpected to stay low until the spring.

Once April or May hits, prices are expected to return to the $1.20/litre mark.