Gas prices down across Canada, likely to last a few weeks leading up to holidays
CTV
Drivers hoping for cheaper gas can fill up after the price at the pump across Canada dropped today to 143 cents.
Drivers hoping for cheaper gas can fill up after the price at the pump across Canada dropped on Thursday to an average 143 cents per litre.
A senior director of public affairs at CAA National said the national gas price average has dropped by about 30 cents since last month but the price has not fallen as low as the 136.5 cents average that was recorded on Dec. 9, 2021.
Kristine D'Arbelles said gas prices are driven by a number of factors including seasonality, geopolitical conflicts, supply and demand and weather changes.
She said gas prices are expected to remain relatively low in the next couple of weeks, when they may go up again due to higher demand closer to Christmas.
"We're actually heading into the holidays, so we might see a slight increase in demand and if we see an increase in demand, we tend to see an increase in prices," she said.
"If we do see an increase, it'll be in the next couple of weeks and it will be very small."
D'Arbelles said drivers should take advantage of the drop in prices as they might see prices go up again soon.
