Gas prices expected to fall another 10 cents in time for long weekend
If you think that long weekends always means a spike in gas prices, you’ll be pleased to know that this Victoria Day weekend is expected to be the exception to that rule.
While the price at the pumps fell by about three cents on Thursday to approximately $2.06 per litre of regular in London, it’s expected to drop another ten cents on Friday to around $1.96.
Not everyone is impressed.
“I mean it’s crazy,” said one driver filling up at a west London gas station Thursday. “If you remember the first time it crossed the one dollar, everybody was going nuts. And now we’re kind of getting used to two dollars, so going down, I think it’ll be good.”
Dan McTeague, the president of Canadians for Affordable Energy said the upcoming price drop was unexpected, but is the result of volatility in the markets this week.
“We’re seeing a drop on Friday because of what happened in markets, which was Wednesday where we saw gasoline drop almost 30 cents, 32 cents a gallon,” said McTeague. “In fact the Canadian dollar picked up a tiny bit of steam, so that really helped as well.”
While ten cents may seem like a large decrease at one time, it’s but a drop in the jerry-can for some.
“It’s ridiculous, $30 gives you 14 litres,” complained another driver at the same West London gas station. “It’s absolutely unheard of. Somebody’s making a lot of money and it’s not us little people, that’s for sure.”
Meantime, don’t get too used to the lower price. Dan McTeague says the decrease at the pumps may only be a temporary reprieve.
CTVNews.ca Top Stories
Liberal MP says she's leaving politics over disrespectful dialogue, threats, misogyny
Liberal MP Pam Damoff says she won't run again in the next federal election, saying she has experienced misogyny, disrespectful dialogue in politics and threats to her life.
Concerns about Plexiglass prompt inspections at some Loblaws locations in Ottawa
Inspections are underway at more than one Loblaws location in Ottawa after complaints were filed about tall Plexiglass barriers.
Federal employees will be required to spend 3 days a week in the office
Starting in September, public servants in the core public administration will be required to work in the office a minimum of three days a week. The Treasury Board Secretariat says executives will need to be in the office four days per week.
OPP officer said 'someone's going to get hurt' before wrong-way Hwy. 401 crash
As multiple Durham police cruisers were chasing a robbery suspect on the wrong side of Highway 401 Monday night, an Ontario Provincial Police officer shared his concerns, telling a dispatcher, "Someone's going to get hurt."
Ont. woman who faked pregnancy to defraud doulas arrested again on similar charges
Victims of a Brantford, Ont., woman who was sentenced to house arrest earlier this year for defrauding and deceiving doulas say they’re not surprised she’s been apprehended again on similar charges.
Five human skeletons, missing hands and feet, found outside house of Nazi leader Hermann Göring
Archeologists have unearthed the skeletons of five people, missing their hands and feet, at a former Nazi military base in Poland.
Poilievre returns to House unrepentant for calling Trudeau 'wacko,' Speaker not resigning
An unrepentant Pierre Poilievre returned to the House of Commons on Wednesday to pepper the prime minister about his drug decriminalization policies after being booted the day prior for refusing to take back calling Justin Trudeau 'wacko' over his approach to the issue.
Police killed student outside Wisconsin school after reports of someone with a weapon, official says
Police shot and killed a Wisconsin student outside a middle school after receiving a report of someone with a weapon while class was in session Wednesday.
Highway collapse in southern China kills at least 36 people
A section of a highway collapsed after heavy rains in southern China, sending cars tumbling down a slope and leaving at least 36 people dead, authorities said Thursday.