Sharp Drop in Gas Prices Expected

Thursday, 16 June 2022 12:35

By Linda Morgan

Analyst Dan McTeague says prices will dip below $2 per litre.

Expect a price drop at the pumps soon.

Dan McTeague, President of Canadians for Affordable Energy telling CTV News that on Sunday, prices are set to dip to under $2 per litre in Ontario.

This would be the first time since May that the average price of gas in the province was less than $2 per litre.

This week, prices dropped three cents on Wednesday and one cent on Thursday.

McTeague also expects another three cent decrease tomorrow.

However, the analyst also says due to a lack of supply, he doesn't expect prices to recover.

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