According to GasBuddy, gas prices in Manitoba have dropped 8 cents in the last week and are now averaging 95.1 cents per litre.
In Dauphin at the Co-op gas bars, prices are at 97.9 c/L which is down from 104.9 c/L this time last week.
Patrick DeHaan, head of petroleum analysis for GasBuddy, says gas prices are plummeting in every town, city and province with the Canadian national average seeing one of its biggest weekly declines in the last decade.
“The number of stations selling gasoline under $1 per litre has surged, while retail prices have collapsed to as low as 69.9c/L in Alberta last week, with more price drops coming for nearly every station in the week ahead as they continue to pass along the lower replacement cost. The root cause continues to be coronavirus related, since demand for oil slumped globally, inducing the current price war between Russia and Saudi Arabia as they both raise output, causing oil prices to crash through the floor. Such a large decline at this time of year is mind-blowing, as gas prices have risen in all but one year in the last ten during the spring. All good things may not last forever, however, as rumors swirl that Russia and Saudi Arabia are holding high level talks to reign in the collapse in oil prices, which could eventually end the party at the pump."
Comparing Dauphin’s 97.9 c/L, Winnipeg has an average price of 84.8 c/L, and Saskatchewan has an average price of 96.1 c/L.
