Gas prices expected to drop by at least 10 cents in most of Canada this weekend: analyst - Globalnews.ca

Gas prices are expected to drop by at least 10 cents per litre in most of Canada this weekend after the price of oil plunged Friday, one analyst says.

Dan McTeague, president of Canadians for Affordable Energy, said prices will drop by either 10 or 11 cents by Sunday depending on a province’s tax system.

McTeague said provinces with an HST system will see a net drop of 11 cents per litre at the pumps come Sunday.

Provinces with GST will see a drop of 10 cents per litre, he said.

In the Greater Toronto Area, the average price is expected to drop to 134.9 per litre, which McTeague said hasn’t been seen in the region since Aug