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
From outer space? Sask. farmers baffled after discovering strange wreckage in field
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
NEW Iconic Canadian song turns 50
Andy Kim's 'Rock Me Gently' is marking a major milestone, as it celebrates its 50th anniversary.
Oprah Winfrey: I set an unrealistic standard for dieting
Oprah Winfrey said on Thursday evening that she has long played a role in promoting unhealthy and unrealistic diets.
Prince Harry, Meghan arrive in Nigeria to champion the Invictus Games and meet with wounded soldiers
Prince Harry and his wife, Meghan, arrived in Nigeria on Friday to champion the Invictus Games, which he founded to aid the rehabilitation of wounded and sick servicemembers and veterans, among them Nigerian soldiers fighting a 14-year war against Islamic extremists.
Countries struggle to draft 'pandemic treaty' to avoid mistakes made during COVID
After the coronavirus pandemic triggered once-unthinkable lockdowns, upended economies and killed millions, leaders at the World Health Organization and worldwide vowed to do better in the future. Years later, countries are still struggling to come up with an agreed-upon plan for how the world might respond to the next global outbreak.
Toronto police called to Drake's Bridle Path mansion for another alleged intruder on Thursday
Toronto police say a man who allegedly attempted to access Drake’s Bridle Path property was taken to hospital on Thursday after an altercation with security guards.
Ontario family receives massive hospital bill as part of LTC law, refuses to pay
A southwestern Ontario woman has received an $8,400 bill from a hospital in Windsor, Ont., after she refused to put her mother in a nursing home she hated -- and she says she has no intention of paying it.
Flat tire on a highway? Here's why you shouldn't try to fix it
If you're cruising down a highway and realize you have a flat tire, you may want to think twice before stopping to fix it on the side of the road.
Storm-battered U.S. South is again under threat. A boy swept into a drain fights for his life
Dangerous storms crashed over parts of the U.S. South on Thursday even as the region cleaned up from earlier severe weather that spawned tornadoes, killed at least three people, and gravely injured a boy who was swept into a storm drain as he played in a flooded street.