Gas prices in southern Ontario are expected to fall another four cents a litre on Thursday, according to a fuel analyst.
“In the short term, we can expect gas prices that fell 4 cents a litre today in Ontario, will fall another 4 cents a litre tomorrow,” said Dan McTeague, president of Canadians for Affordable Energy.
Prices dropped Wednesday to 172.9 cents a litre and another four-cent drop could see prices dip to 168.9 litre for regular gas on Thursday.
Read more: GTA gas prices to go up 20 cents over 4 days, $2 a litre is ‘in the cards’ for winter: analyst
He also added that markets “seem to be indicating a further drop in the price,” although McTeague noted it was too early to definitively say.
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The projected eight cent drop over two days comes as gas prices went up around 20 cents a litre just two weeks ago at the end of October.
“I think markets are still in a major tug of war,” McTeague said.
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