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
American millionaire Jonathan Lehrer denied bail after being charged with killing Canadian couple
American millionaire Jonathan Lehrer, one of two men charged in the killings of a Canadian couple in Dominica, has been denied bail.
LeBlanc says he plans to run in next election, under Trudeau's leadership
Cabinet minister Dominic LeBlanc says he plans to run in the next election as a candidate under Prime Minister Justin Trudeau's leadership, amid questions about his rumoured interest in succeeding his longtime friend for the top job.
Sports columnist apologizes for 'oafish' comments directed at Caitlin Clark. The controversy isn’t over
A male columnist has apologized for a cringeworthy moment during former University of Iowa superstar and college basketball’s highest scorer Caitlin Clark’s first news conference as an Indiana Fever player.
U.S. vetoes a widely supported UN resolution backing full membership for Palestine
The United States has vetoed a widely backed UN resolution that would have paved the way for full United Nations membership for the state of Palestine.
Grandparent scam suspects had ties to Italian organized crime, police allege
A group of suspects that allegedly defrauded seniors across Ontario and other parts of Canada using a so-called emergency grandparent scam appear to have ties to 'Italian traditional organized crime,' according to an investigator involved in the OPP-led probe.
Health Canada to change sperm donor screening rules for men who have sex with men
Health Canada will change its longstanding policy restricting gay and bisexual men from donating to sperm banks in Canada, CTV News has learned. The federal health agency has adopted a revised directive removing the ban on gay, bisexual and other men who have sex with men, effective May 8.
Prince Harry formally confirms he is now a U.S. resident
Prince Harry, the son of King Charles III and fifth in line to the British throne, has formally confirmed he is now a U.S. resident.
Cat found on Toronto Pearson airport runway 3 days after going missing
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
N.L. gardening store revives 19th century seed-packing machine
Technology from the 19th century has been brought out of retirement at a Newfoundland gardening store, as staff look for all the help they can get to fill orders during a busy season.