Gas prices at Lloydminster pumps went up on Thursday to $1.47, except at the Safeway gas bar. That changed Friday as the new owners also moved up the price.
Empire, the company that owns Sobeys and Safeway, is selling off its gas stations to a Shell subsidiary. The deal was announced in December to let go of 56 retail gas/convenience stores across western Canada for $100 million.
The sale to Canadian Mobility Services Ltd. was revealed as Empire announced a healthy bottom line of $189.9 million or 73 cents per share for the quarter ended Nov. 5. That’s up from $175.4 million or 66 cents per share in the same quarter in 2021.
