TORONTO – Some drivers across the Greater Toronto Area are waking up to gas prices below the dollar-a-litre mark.
A gas station at Warden and Ellesmere was offering gas at 99.9 cents-a-litre overnight.
The plummeting prices are a reaction to the drop in oil prices which fell by nearly three dollars Monday to $63 per barrel.
Experts say the impact on the economy is profound.
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Investment firm Morgan Stanley has predicted that the price of oil could drop down as low as $43 dollars per barrel in the new year .
Gas prices haven’t been this low since the fall of 2010.
Meanwhile, a Global News viewer in Alliston, Ont. saw the price of gasoline hit 90 cents-a-litre Monday night.
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