With the recent dip in stock markets, the price of gas in Saskatchewan went down too.

Now that the stock market has stabilized, so should gas prices, according to one expert.

Senior petroleum analyst with GasBuddy Dan McTeague said there is a role speculators play in influencing commidity prices, like gas prices.

"On the fundamental side it's a different group that is involved with supply and demand dealing with reality. But you have infused in all commodities a larger section of paper investments called the pseudo market which is really based on innuendo and on rumors and gut senses of where the economy as a whole is heading, and there was obviously a correction on the equities side that took energy prices for a ride - it appears that for now is over."

McTeague added that he believes the heavy fluctuation in the stock markets moved gas prices down by a few cents per litre.

"Not very often that we seen the equities market having an impact on energy prices - it's only because the connection is rather remote, but you have to look at this point at the speculators  - those who are taking those positions. You know the stock market went down 2 weeks ago and took a lot of other commodities and other industries down with them."

He also said the price at the pumps should now remain stable around $1 per litre at least for the next couple of weeks.