Southern Ontario seeing 'unprecedented' decline in gas prices as rates set to fall this weekend

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Gas prices in southern Ontario are set to drop again this weekend, continuing a series of decreases at the pumps “never been seen before.”

A woman fills her vehicle with fuel during the COVID-19 pandemic in Toronto on Tuesday, October 19, 2021. THE CANADIAN PRESS/Evan Buhler

Gas prices in southern Ontario are set to drop again this weekend, continuing a series of decreases at the pumps that one industry analyst says has “never been seen before.”, says the current rate of decline is “unprecedented.” “I have never seen a period of 72 hours when gas prices drop 20 cents a litre,” he told CTV News Toronto Friday morning.per litre, bringing it down to 167.9 cents per litre – a price the province hasn’t seen since April 13.

But on Saturday, that four-month low is set to see a new record, according to McTeague. He expects a further 8 cents decrease to 159.9 per litre.McTeague anticipates this trend will push through the rest of the weekend.While cheaper fuel is good news for drivers after“Prices could snap back very violently and quickly,” he said.

Source: News Formal (newsformal.com)

 

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Big woop. Hard to get excited about this. Wonder if Trudeau's flights cost more these days 🤔 No, he's fine, it's just working Canadians who he'll make suffer.

Here in Chatham Ontario gas prices still higher than anywhere in province. Why?....

About time the gouging stopped

And yet people wonder why conservatives won again. This is why. Blue wave!

This a April fools joke ?

Maybe they are giving us a break to raise back again in September…

Good, good, good, good. We need relief. 🍁👩‍🦰👌😎🙂

Guess that will make up for the 'never seen before Hikes' in gas prices over the last 2 years😏 WTH is it like to be this gullible...

I never saw 0.05 cents a liter..pls drop to that amount

They go up massively - then drop down a small portion - and we are supposed to get excited? I’ll cheer when we are back under a buck a litre, thank you very much!

Don’t make it out that they are doing us some huge favour! Gouging is at the pumps to enrich a few top oil companies has been going on for decades. Time to make fuel reasonable.

'Never been seen before' except march 2020 when we were paying .87$ a litre...

Gas is almost double since Joe Biden got into office, we ignore our oil supply and the jobs it would bring because our government is engaged in a climate scam.

Almost as if it really was profiteering this whole time.🙄 CdnMediaFailed

Imagine how cheap they would be if we never had Trudeaus stupid carbon tax

Gas prices are declining. Question for Candice & Pierre: Have you thanked the Prime Minister for lower gas prices? You blamed him when prices (worldwide) increased ...

Of course no ones seen it before because gas has never been this high before

Well... let's see... our supplies never really dropped... price of oil has been down for a while... I guess the oil Corps got their fill on artificially jacked up price profits...

Since the price of oil per barrel hasn't really changed that much yet the cost of fuel has doubled I expect prices to continue to decline unless our federal government still has a grudge against Canadians and wants us to continue to suffer like slaves

😂😂😂ya after an unprecedented move up, stop amplifying click baits

Lmfao. Down 10 cents up 30 next week. Talk to me when it gets. Closer to a buck…. This is straight up Biden BS from the US. 🤡🤡

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