Motorists rejoice: Montreal is seeing a major drop in gas prices.
While the cost was about $2 a liter over the long weekend of July 1, the price of the city’s unleaded fuel has not dropped below a record high since mid-May. Now a huge decline of 12 percent is expected on Thursday. That means drivers could see prices as low as $1.94 a liter over the next 24 hours, according to GasWizard.
CAA-Quebec reports that the city’s average price at the pump on Wednesday will be $2.05. While the site recommends filling your tank under the expected average based on current prices, waiting for Thursday’s drop makes more sense.
Average gas prices in the city have fluctuated over the past six months, reaching a peak of $2.22 a liter in mid-June.
GasBuddy showed that Montreal has outperformed the national average by about 10 cents since January. Average gas prices across Canada have also been delayed by a week or two, compared to the hike in Montreal prices over the past two months.
Chart showing a six-month average for gas prices in Montreal compared to the Canadian average.Courtesy of GasBuddy
If you want to get a head start in anticipation of gas station lines this weekend, GasBuddy shows that the cheapest station in Montreal is Costco on Rue Bridge, with regular gas priced at $1.98 a liter.
The Shell gas station at Maisonneuve in the village ranks second with $2.02 per litre.