Skip to content

Gas prices set to drop to lowest level since January

The drop at the pumps coincides with falling oil prices.
lovro77 via

If you can hold off to fill up your gas tank, you will be able to save a few dollars at the pumps, as the price for gas in Ottawa is set to drop to the lowest point since January.

Roger McKnight, Chief Petroleum Analyst at En-Pro International, told CityNews that the price of gas is expected to fall by four cents on Wednesday, Nov. 30 to $1.429/litre at most Ottawa stations.

Last Friday, the price for gas was $1.529/litre before dropping six cents over the weekend to $1.469/litre. With the latest drop expected on Wednesday, gas prices will have fallen by 11 cents in a week.

Back in January, gas prices dropped to $1.409/litre. It then peaked at a record $2.149/litre in June before falling to below $1.44/litre in September.

The drop at the pumps coincides with falling oil prices. This time Monday morning, the price for oil was down to its lowest level in around a year to below US$74 a barrel.

The lower price at the pumps may not last, as OPEC is already talking about cutting production by two million barrels a day to stabilize the energy market.

Rogers Sports & Media
2001 Thurston Drive Ottawa, ON, K1G 6C9
© 2006-2023 Rogers Sports & Media. All rights reserved.
push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks