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
Indian envoy warns of 'big red line,' days after charges laid in Nijjar case
India's envoy to Canada insists relations between the two countries are positive overall, despite what he describes as 'a lot of noise.'
Stormy Daniels describes meeting Trump during occasionally graphic testimony in hush money trial
With Donald Trump sitting just feet away, Stormy Daniels testified Tuesday at the former president's hush money trial about a sexual encounter the porn actor says they had in 2006 that resulted in her being paid to keep silent during the presidential race 10 years later.
U.S. paused bomb shipment to Israel to signal concerns over Rafah invasion, official says
The U.S. paused a shipment of bombs to Israel last week over concerns that Israel was approaching a decision on launching a full-scale assault on the southern Gaza city of Rafah against the wishes of the U.S.
Former homicide detective explains how police will investigate shooting outside Drake's Bridle Path mansion
Footage from dozens of security cameras in the area of Drake’s Bridle Path mansion could be the key to identifying the suspect responsible for shooting and seriously injuring a security guard outside the rapper’s sprawling home early Tuesday morning, a former Toronto homicide detective says.
Northern Ont. woman makes 'eggstraordinary' find
A chicken farmer near Mattawa made an 'eggstraordinary' find Friday morning when she discovered one of her hens laid an egg close to three times the size of an average large chicken egg.
Susan Buckner, who played spirited cheerleader Patty Simcox in 'Grease,' dead at 72
Susan Buckner, best known for playing peppy Rydell High School cheerleader Patty Simcox in the 1978 classic movie musical 'Grease,' has died. She was 72.
Jeremy Skibicki has 'uphill battle' to prove he's not criminally responsible in Winnipeg killings: legal analysts
Accused killer Jeremy Skibicki could have a challenging time convincing a judge that he is not criminally responsible for the deaths of four Indigenous women, a legal analyst says.
Bye-bye bag fee: Calgary repeals single-use bylaw
A Calgary bylaw requiring businesses to charge a minimum bag fee and only provide single-use items when requested has officially been tossed.
Alcohol believed to be a factor in boating incident after 2 men die: N.S. RCMP
Two Nova Scotia men are dead after a boat they were travelling in sank in the Annapolis River in Granville Centre, N.S., on Monday.