Oil has dipped below $100 per barrel for the first time in quite some time, and that means we’re in for some significant decreases in fuel prices.
Dan McTeague, a watchdog with Canadians for Affordable Energy, says it would be best to hold off on filling up that tank until after midnight.
He expects the price to drop by about 12 or 13 cents per litre in Ontario and Quebec and says the Public Utilities Board should lower it in Newfoundland and Labrador by about 10 cents leaving it at roughly $2.05 per litre in the St. John’s area.
McTeague says the P.U.B. should also pass on savings on other fuels including diesel by 7 cents and home heating by 9 cents.