6 cent drop today, another 6 cent drop tomorrow
A day after predicting gas prices in Niagara would fall 6 cents a litre today, an industry analyst is predicting another drop tomorrow.
Canadians for Affordable Energy President Dan McTeague says prices will drop by an average of 12 cents a litre by tomorrow morning bringing the cost of fuel down to its lowest level in four months.
That could bring the average cost of a litre of gas to about $167.9 cents a litre, a price we haven't seen since mid April.
McTeague says energy markets are casting aside a tight global oil market in favour of tiny pledge from oil producing export countries to increase production.
Last August motorists were paying about $1.40 a litre.
Moyer Farms Making $12M Investment
Niagara Falls Going Green for St. Patrick's Day
St. Catharines RIDE Campaign
Davies Challenges Gov't on EV Support
Welland's Plan for Hospital Contribution
New GO Station Coming to Niagara
Most Serious Collisions in Summer: Region
Coach Service Added to Airport