Gas prices hit year-low in K-W
A fire sale at the pumps Friday afternoon brought gas prices down even further with drivers looking to take advantage of year-low prices.
Gas prices have been dropping all week, and on Friday, a one-day sale organized by Circle K saw customers at select stations benefit from an additional 10-cent drop per litre.
According to fuel expert Dan McTeague, this recent drop in prices is the product of an unsteady market.
McTeague says several global factors, from concerns about a recession to rising interest rates and COVID-19 lockdowns in China, are all contributing to the lower prices.
He expects they'll stay this low until at least the third week of January
Several drivers filling up told CTV News they didn't even need gas, but they thought it was a good idea to top up while it was so cheap.
“I was really surprised. I thought it was really amazing when I came by. I was just at another place, and it was $1.35, and here it is a $1.25,” said driver Cheryl Hamilton.
Experts say since Nov. 10, prices have dropped around 35 cents a litre, meaning a trip to the pumps for a 40-litre fill-up is now $14 cheaper.
“We’ll welcome as low as it can get, and it’s definitely better than when it was up past two dollars a litre back in spring. It was ridiculous,” said Erik Glasfor.
Heather Kocsis, who was getting gas, told CTV News she saw the price while driving from Cambridge and thought to herself how awesome it was.
CTVNews.ca Top Stories
'They needed people inside Air Canada:' Police announce arrests in Pearson gold heist
Police say one former and one current employee of Air Canada are among the nine suspects that are facing charges in connection with the gold heist at Pearson International Airport last year.
Disappointment widespread over budget's proposed $200-month disability benefit funding
Advocacy groups across Canada are expressing widespread disappointment about the amount of funding earmarked in the 2024 federal budget for the long-awaited Canada Disability Benefit.
BREAKING Toronto Raptors player Jontay Porter banned from NBA
Toronto Raptors player Jontay Porter has been handed a lifetime ban from The National Basketball Association (NBA) following an investigation which found he disclosed confidential information to sports bettors, the league says.
Earthquake jolts southern Japan
An earthquake with a preliminary magnitude of 6.4 hit southern Japan late on Wednesday, said the Japan Meteorological Agency, without issuing a tsunami warning.
ArriveCan contractor to be admonished by MPs in extraordinarily rare parliamentary display
Enacting an extraordinarily rarely used parliamentary power, MPs have summoned an ArriveCan contractor to appear before the House of Commons on Wednesday afternoon to be admonished publicly for failing to answer their questions.
opinion Don Martin: Gusher of Liberal spending won't put out the fire in this dumpster
A Hail Mary rehash of the greatest hits from the Trudeau government’s three-week travelling pony-show, the 2024 federal budget takes aim at reversing the party’s popularity plunge in the under-40 set, writes political columnist Don Martin. But will it work before the next election?
Gas prices across Ontario expected to climb to levels not seen since 2022, analyst says
Ontario is going to see a big jump at the pumps later this week as gas prices in the province hit levels not seen in nearly two years, according to one industry analyst.
Ancient skeletons unearthed in France reveal Mafia-style killings
More than 5,500 years ago, two women were tied up and probably buried alive in a ritual sacrifice, using a form of torture associated today with the Italian Mafia, according to an analysis of skeletons discovered at an archeological site in southwest France.
Paul McCartney and John Lennon’s sons have released a single together
A new Lennon and McCartney collaboration is the last thing anybody expected.