Prices at the gas pump across Canada have fallen to their lowest level since February of this year.
New data from Kalibrate shows that the national average for gasoline in Canada is currently at $1.51 per litre, the lowest level in eight months.
Prices fell, on average, by $0.03 per litre between Sept. 5 and Sept. 12. It was the sixth consecutive week that gas prices declined in Canada on a national level.
The biggest drop in gasoline prices over the past week occurred in Sarnia, Ontario, where costs declined by $0.12 a litre.
Vancouver, British Columbia was the only market in Canada where gas prices increased during the past week.
The lower prices at the pump are due to declining crude oil, say analysts.
West Texas Intermediate (WTI) crude oil, the U.S. standard, is currently trading at $69.72 U.S. per barrel.
Brent crude oil, the international benchmark, is trading at $72.60 U.S. a barrel.
Both crude oil benchmarks are near 52-week lows, exerting downward pressure on consumer gas prices.
Related Stories
