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
Poilievre will do 'anything to win,' must condemn Alex Jones endorsement: Trudeau
Prime Minister Justin Trudeau is ramping up his attacks on Conservative Leader Pierre Poilievre as he promotes his government's federal budget.
'My stomach dropped': Winnipeg man speaks out after being criminally harassed following single online date
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
Ukraine uses long-range missiles secretly provided by U.S. to hit Russian-held areas, officials say
Ukraine for the first time has begun using long-range ballistic missiles provided secretly by the United States, bombing a Russian military airfield in Crimea last week and Russian forces in another occupied area overnight, American officials said Wednesday.
'One of the single most terrifying things ever': Ontario couple among passengers on sinking tour boat in Dominican Republic
A Toronto couple are speaking out about their 'extremely dangerous' experience on board a sinking tour boat in the Dominican Republic last week.
All Alberta wildfires to date in 2024 believed to be human-caused: province
There are 63 wildfires burning in Alberta's forest protection area as of Wednesday morning and seven mutual aid fires, including one in the Municipal District of Peace.
7 surveillance videos linked to extortions of South Asian home builders in Edmonton released
The Edmonton Police Service has released a number of surveillance videos related to a series of extortion cases in the city now dubbed 'Project Gaslight.'
Suspects waving weapons, smashing glass in Toronto jewelry store robbery caught on video
Arrests have been made after five men were captured on video rampaging through a jewelry store in Toronto, waving weapons and smashing glass display cases.
New evidence challenges the Pentagon's account of a horrific attack as the U.S. withdrew from Afghanistan: CNN exclusive
New video evidence uncovered by CNN significantly undermines two Pentagon investigations into an ISIS-K suicide attack outside Kabul airport, during the American withdrawal from Afghanistan in 2021.
Pilot proposes to flight attendant girlfriend in front of passengers
A Polish pilot proposed to his flight attendant girlfriend during a flight from Warsaw to Krakow, and she said yes.