Canadians to get biggest drop in gasoline prices since 2009 over COVID-19 variant fears

  • 📰 CP24
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 17%
  • Publisher: 67%

Canadians should experience the fastest drop in gasoline prices in nearly 13 years on Sunday as fears about a virulent new COVID-19 variant are expected to provide a break of 11 cents per litre at the pumps.

Canada Headlines News

Canada Latest News, Canada Headlines

Dan McTeague, president of Canadians for Affordable Energy, said the national average price could drop to about $1.32 per litre but begin to rise again midweek.

The January crude oil contract fell 13.1 per cent or US$10.24 on Friday and currently stands at US$68.15 per barrel.“Sunday and Monday are going to be the best days for Canadians to fill up, including British Columbia,” McTeague said East Coast residents won't reap the immediate benefits of Sunday's price drop because its regulated regional system averages price movements. That provides price predictability but blunts price discounts.

“My sense is that the decreases that we saw were a little exaggerated and overbought, and for that reason I think we might see a little bit more balance come back to the markets and fundamentals by Wednesday,” McTeague said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Oh how convenient for now. Looks like the government wants us to travel so that we have to spend on PCR tests. So much politics. I see right through them. It sucks that we live in government controlled world. If the government was so concerned about our health, PCR would be free.

Just proves the price is completely subjective. The cartel just decides what they want to charge.

Perhaps we can stop blaming the Prime Minister now for gas prices

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Merck's COVID-19 pill significantly less effective in new analysisMerck & Co said on Friday updated data from its study of its experimental COVID-19 pill showed the drug was significantly less effective in cutting hospitalizations and deaths than previously reported.
Source: CTVNews - 🏆 1. / 99 Read more »

Saskatchewan extends COVID-19 measures to limit transmission over holiday seasonSaskatchewan announces that masks to remain mandatory for indoor public spaces, vaccine passport system to remain in place over holidays Sasks top doc recommended until March. But the gov doesn’t listen to doctors.
Source: globeandmail - 🏆 5. / 92 Read more »

'Only a matter of time' before Omicron COVID-19 variant reaches Canada, expert saysIt’s 'only a matter of time' before cases of the new Omicron COVID-19 variant are detected in Canada, according to the medical director of the National Foundation for Infectious Diseases. Spoiler alert: the vaccinated will be fine ... CTV is really going for the doomscroll clicks fml Do you remember when they told us COVID vaccines are completely safe and effective? The anti vaxxers better be afraid.
Source: CTVNews - 🏆 1. / 99 Read more »

Government of Nunavut expects pediatric COVID-19 vaccine will arrive this weekendShipments of the COVID-19 vaccine for children are expected to arrive in Nunavut over the weekend with first doses to be administered Monday. But they can't get clean water.
Source: CTVNews - 🏆 1. / 99 Read more »

Alberta doctor calls for interprovincial travel restrictions to prevent spread of new COVID-19 variantPremier Jason Kenney says he is supporting the federal government’s decision to ban all foreign nationals from entering Canada from several African countries but a prominent emergency room doctor says Alberta should take additional steps. Keep all Albertans in Alberta. Please. Whistler’s deadly COVID experiment… Newsflash, it's probably already there...
Source: CTVNews - 🏆 1. / 99 Read more »