Gas prices will drop 10 cents on Wednesday
Posted March 9, 2020 4:24 pm.
Last Updated March 10, 2020 1:45 pm.
This article is more than 5 years old.
If you can wait until tomorrow to fill up your car, your wallet will thank you.
En-Pro tells 680 NEWS gas prices will drop by 10 cents first thing Wednesday morning, which would bring the average price to 92.9 cents/litre at most GTA gas stations.
The discount at the pumps comes after the price of oil plummeted more than $10 on Monday — the biggest drop since 1991.
Industry analyst Roger McKnight said that the price could keep dropping throughout the day – meaning the GTA could easily be looking at the mid 80 cent range in some cases later in the day.
The energy market collapsed Monday with a price war between Saudi Arabia and Russia — oil prices dropped by 24 per cent.
McKnight says its been almost 30 years since we’ve seen moves of this magnitude.
The price for oil bounced back Tuesday morning meaning gas prices could start moving back up on Thursday.
680 NEWS reporter Mark Douglas spoke with McKnight about the massive gas price fluctuation. Listen to his complete interview below:
