However, Dan McTeague, president of Canadians for Affordable Energy, is calling for prices on Friday morning to drop by an average of 12 cents to $1.679 in Toronto From jefflagerquist
A leading expert on Canadian gas prices says the current relief at the pump may be short-lived.
suggest demand slipped more than one million barrels per day below pre-COVID seasonal norms. According to the report, the four-week running average for the week ending July 31, 2020, during widespread COVID-19 lockdowns, was 8.656 million barrels per day. The average for the week ending July 29 this year was 8.592 million.
McTeague predicts"short-term gain and long-term pain" for drivers in Canada, calling for prices on Friday morning to drop by an average of 12 cents to $1.679 per litre of regular gasoline in Toronto. He expects average prices in Montreal to dip to $1.829, and $1.859 in Vancouver.
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