Most people are still cringing when they head to the pumps to fill up their vehicles.
The fact is; however, things have trended in the right direction in the past week as gas prices remain at 1.99 c/l, down from about 2.07 c/l just more than a week ago. Patrick DeHaan with GasBuddy does also provide some intriguing news.
"I do think we could go down another five to 10 cents a litre of the next week or two here," said DeHaan. "As long as there isn't any interruption to oil markets, I believe the price should continue to decrease."
When it comes to the more long-term gas forecast, Patrick said that's very hard to determine what will happen. Factors such as the war between Russia and Ukraine, the state of the economy, the job market or whether we see a major hurricane can all have a major impact on the price.
"We have seen a lot of volatility this summer which makes it very tough to predict where things will go in the longer term," ended DeHaan.
Gas prices in Ontario have been reported to be as low as 1.71 c/l. That's because they have the 'Gas Tax Holiday', something that Manitoba doesn't have.
