Gas prices drop 8 cents Wednesday in southern Ontario, to drop further: analyst
Global News
The price of gas on Wednesday dipped to $1.629 a litre in the Greater Toronto Area and southern Ontario.
Gas prices dropped eight cents a litre on Wednesday in the Greater Toronto Area and most of southern Ontario but they are set to dip a little further, according to an analyst.
The price of gas on Wednesday dipped to $1.629 a litre.
Dan McTeague, president of Canadians for Affordable Energy, said if drivers can wait to fill up Thursday it is projected to see another one or two cent drop.
“We’re looking at a penny or maybe a two-cent further decrease come Thursday. If you don’t like a $1.629 at the top end wait until Thursday for a $1.619 or maybe even $1.609,” McTeague said.
“That’s a price we haven’t paid in over two months.”
The last time prices were this low for gas was in mid-July.
However, McTeague notes this time last year, drivers were paying $1.459 on Sept 20, 2022, which he says is a bigger concern as the rate of inflation in the country rose to four per cent announced by Statistics Canada on Tuesday.
“That’s still 17 cents higher than last year,” McTeague said.
Police said they were called to the store, which is located on Rue De Liege in Montreal, around 6:30 p.m. on Sunday.
After telling customers in October that Dec. 31 would be the last day those forms of payment would be accepted, the TTC decided this month to extend it to June 1, 2025.
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