{"id":7876,"date":"2026-11-12T18:00:00","date_gmt":"2026-11-13T01:00:00","guid":{"rendered":"https:\/\/infonews.ca\/?p=7982673"},"modified":"2026-11-12T18:00:13","modified_gmt":"2026-11-13T01:00:13","slug":"take-it-while-you-can-expert-says-lower-gas-prices-in-kamloops-okanagan-wont-stay","status":"publish","type":"post","link":"https:\/\/infonews.ca\/inwheels\/news\/7876\/take-it-while-you-can-expert-says-lower-gas-prices-in-kamloops-okanagan-wont-stay\/","title":{"rendered":"\u2018Take it while you can\u2019: Expert says lower gas prices in Kamloops, Okanagan won&#8217;t stay"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">For people who are paying attention to politics south of the border, last week\u2019s U.S. midterm election results might have been a glimmer of hope for prices at the pump.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even though gas prices have plummeted around Kamloops and the Okanagan, experts warn that it\u2019s just a mood swing. The underlying supply problems and global market instability haven\u2019t gone anywhere, and neither has President Donald Trump.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gas prices are down in Kelowna to roughly $1.55, in Vernon prices are around $1.45, in Kamloops prices are in the $1.65 range and in Penticton it\u2019s about $1.60.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That\u2019s roughly a 40 cent drop in Kelowna and a 36 cent drop in Kamloops over the past 30 days after <a href=\"https:\/\/infonews.ca\/inwheels\/news\/7001\/gas-price-roller-coaster-continues-in-kamloops-okanagan\/\">months of dramatic price fluctuation and prices nearly hitting $2.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cPeople should enjoy what they\u2019re getting right now because I don\u2019t think it\u2019s going to last,\u201d chief petroleum analyst for En-Pro Roger McKnight told iNFOnews.ca.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/infonews.ca\/news\/7978042\/after-the-us-midterm-rout-of-trumpism-the-world-struggles-to-trust-america-again\/\">Democrats won huge in the midterms<\/a>, taking back both houses of Congress. That means a check on Trump\u2019s power, but McKnight doesn\u2019t think it will materially change the global gas market enough to keep gas prices as low as they are today.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAs long as President Trump is President Trump. He has the veto power so he can change any decision overnight. We\u2019ve got another two years of this coin tossing and I\u2019m running out of change,\u201d McKnight said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">McKnight said the markets have reacted well since the Democrat win suggests the possibility of stability in Iran and the Strait of Hormuz. But, that\u2019s temporary since the months of supply shortages have no solution in sight.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe problem is refined products. The inventory of gas, diesel and jet fuel. That\u2019s not recovering well. That\u2019s where the problem is going to be in the near future once we get over the euphoria of the midterms,\u201d he said. \u201cThe other problem is the war in Iran. The Strait of Hormuz situation hasn\u2019t been solved and I don\u2019t think it will get resolved anytime soon as long as President Trump is President Trump.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If there\u2019s ever been a time to fill up, McKnight said it\u2019s now.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe\u2019re skating on pretty thin ice. Take it while you can,\u201d McKnight said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;We\u2019ve got another two years of this coin tossing and I\u2019m running out of change.\u201d<\/p>\n","protected":false},"author":547,"featured_media":5698,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"guid":"","_duplicate_post":false,"rank_math_canonical_url":"","source":"","byline":"","published":"","updated":"","_infotelid":"","_prepressid":"","_multisite_post_sync":"","_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1285,492,493],"tags":[61],"region":[206,207,208,209],"class_list":["post-7876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-local","category-topnews","tag-gas-prices","region-kamloops","region-kelowna","region-penticton","region-vernon"],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/infonews.ca\/inwheels\/news\/7876\/take-it-while-you-can-expert-says-lower-gas-prices-in-kamloops-okanagan-wont-stay\/","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"\u2018Take it while you can\u2019: Expert says lower gas prices in Kamloops, Okanagan won&#8217;t stay","url":"http:\/\/infonews.ca\/inwheels\/news\/7876\/take-it-while-you-can-expert-says-lower-gas-prices-in-kamloops-okanagan-wont-stay\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/infonews.ca\/inwheels\/news\/7876\/take-it-while-you-can-expert-says-lower-gas-prices-in-kamloops-okanagan-wont-stay\/"},"thumbnailUrl":"https:\/\/infonews.ca\/inwheels\/wp-content\/uploads\/sites\/5\/inwheels-Screenshot-2026-04-30-at-2.29.24-PM.png?w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/infonews.ca\/inwheels\/wp-content\/uploads\/sites\/5\/inwheels-Screenshot-2026-04-30-at-2.29.24-PM.png"},"articleSection":"Featured","author":[{"@type":"Person","name":"Jesse Tomas"}],"creator":["Jesse Tomas"],"publisher":{"@type":"Organization","name":"iNwheels","logo":""},"keywords":["gas 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