Montreal Gas Prices Reach Lowest Point in 18 Months
Montreal, Quebec – Gas prices in Montreal have hit their lowest mark in 18 months, providing some relief for drivers in the city. According to GasBuddy, the average price for a litre of regular gas in Montreal is currently sitting at $1.20, a significant decrease from the $1.50 average seen just a few months ago.
This drop in gas prices can be attributed to a combination of factors, including a decrease in demand due to the ongoing COVID-19 pandemic and an increase in supply from oil-producing countries. The Organization of the Petroleum Exporting Countries (OPEC) and its allies have also agreed to gradually increase oil production, which has contributed to the decrease in prices.
For Montreal drivers, this means significant savings at the pump. According to GasBuddy, the average driver in Montreal will save approximately $15 per fill-up compared to just a few months ago. This is welcome news for many, especially as the holiday season approaches and people may be traveling more frequently.
However, experts warn that these low gas prices may not last forever. As the world continues to recover from the pandemic and demand for oil increases, prices may start to rise again. In addition, the upcoming winter season may also lead to an increase in gas prices as demand for heating oil rises.
Despite this, many Montreal drivers are enjoying the current low prices and taking advantage of the savings. Some are even planning road trips and longer drives, something that may not have been feasible when gas prices were higher.
It is important to note that gas prices can vary between different gas stations in Montreal. Drivers are advised to shop around and compare prices before filling up to ensure they are getting the best deal.
In conclusion, Montreal gas prices have reached their lowest point in 18 months, providing much-needed relief for drivers in the city. While the reasons for this decrease may not last forever, it is a welcome change for many and a reminder to always be mindful of gas prices and to shop around for the best deals.
