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
Police arrest 3 Indian nationals in killing of B.C. Sikh activist Hardeep Singh Nijjar
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
Grandparents killed in wrong-way crash on Hwy. 401 identified
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Quebec man who threatened Trudeau, Legault online sentenced to 20 months in jail
A Quebec man who pleaded guilty to threatening Prime Minister Justin Trudeau and Premier François Legault has been sentenced to 20 months in jail.
TD worst-case scenario more likely after drug money laundering allegations: analyst
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
Canadian doctor concerned new weight-loss drug Wegovy may be used inappropriately
As Wegovy becomes available to Canadians starting Monday, a medical expert is cautioning patients wanting to use the drug to lose weight that no medication is a ''magic bullet,' and the new medication is meant particularly for people who meet certain criteria related to obesity and weight.
Biscuits with possible plastic pieces, metal found in ground pork: Here are the recalls for this week
Here are the latest recalls Canadians should watch out for, according to Health Canada and the Canadian Food Inspection Agency.
Britney Spears 'home and safe' after paramedics responded to an incident at the Chateau Marmont, source tells CNN
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
Local MP, MLA call on federal government to remove sunken vessel in Saint John River
An MP and an MLA are calling for the removal of a sunken vessel in the Saint John River.
Human remains found in rural Sask. possibly a decade old, RCMP say
RCMP say human remains found in a rural area in central Saskatchewan may have been there for a decade or more.