On Friday, pump prices are expected to drop to $149.9 cents per liter in most of southern Ontario, according to Canadians for Affordable Energy President Dan McTeague.
“If the markets continue to be as pessimistic, let’s say almost as dysfunctional, as they are now, we could see $1.46, $1.47 for Sunday,” he told CP24 Thursday morning.
Natural gas prices fell seven cents overnight Thursday to 151.9 cents a litre, the lowest since mid-January.
McTeague added that today’s prices are a marked drop from where they were two months ago.
“Wow, down 66 cents since you and I spoke on June 11th. So that’s a $40 savings for consumers when they fill 60, 70 liters, so I’m a happy camper this morning,” McTeague said.
However, McTeague says the downtrend in prices likely won’t last long and will pick up again in the coming weeks due to a variety of factors, including oil and gas supply concerns and rising interest rates.
“… the markets are totally in a bit of a funk. I don’t think they know where to go. So they decided to close their positions. It will cause a rather dramatic, and as I said before, a very violent response in terms of much higher prices (which) will cause a lot of turmoil in the coming weeks,” he said.
Since late February, natural gas prices have risen in part due to fuel supply shortages amid Russia’s invasion of Ukraine.
title: “Gta Gas Prices Will Drop Ahead Of The Weekend Klmat”
ShowToc: true
date: “2022-11-20”
author: “Ross Rivera”
On Friday, pump prices are expected to drop to $149.9 cents per liter in most of southern Ontario, according to Canadians for Affordable Energy President Dan McTeague.
“If the markets continue to be as pessimistic, let’s say almost as dysfunctional, as they are now, we could see $1.46, $1.47 for Sunday,” he told CP24 Thursday morning.
Natural gas prices fell seven cents overnight Thursday to 151.9 cents a litre, the lowest since mid-January.
McTeague added that today’s prices are a marked drop from where they were two months ago.
“Wow, down 66 cents since you and I spoke on June 11th. So that’s a $40 savings for consumers when they fill 60, 70 liters, so I’m a happy camper this morning,” McTeague said.
However, McTeague says the downtrend in prices likely won’t last long and will pick up again in the coming weeks due to a variety of factors, including oil and gas supply concerns and rising interest rates.
“… the markets are totally in a bit of a funk. I don’t think they know where to go. So they decided to close their positions. It will cause a rather dramatic, and as I said before, a very violent response in terms of much higher prices (which) will cause a lot of turmoil in the coming weeks,” he said.
Since late February, natural gas prices have risen in part due to fuel supply shortages amid Russia’s invasion of Ukraine.
title: “Gta Gas Prices Will Drop Ahead Of The Weekend Klmat”
ShowToc: true
date: “2022-12-06”
author: “Daniel Armstrong”
On Friday, pump prices are expected to drop to $149.9 cents per liter in most of southern Ontario, according to Canadians for Affordable Energy President Dan McTeague.
“If the markets continue to be as pessimistic, let’s say almost as dysfunctional, as they are now, we could see $1.46, $1.47 for Sunday,” he told CP24 Thursday morning.
Natural gas prices fell seven cents overnight Thursday to 151.9 cents a litre, the lowest since mid-January.
McTeague added that today’s prices are a marked drop from where they were two months ago.
“Wow, down 66 cents since you and I spoke on June 11th. So that’s a $40 savings for consumers when they fill 60, 70 liters, so I’m a happy camper this morning,” McTeague said.
However, McTeague says the downtrend in prices likely won’t last long and will pick up again in the coming weeks due to a variety of factors, including oil and gas supply concerns and rising interest rates.
“… the markets are totally in a bit of a funk. I don’t think they know where to go. So they decided to close their positions. It will cause a rather dramatic, and as I said before, a very violent response in terms of much higher prices (which) will cause a lot of turmoil in the coming weeks,” he said.
Since late February, natural gas prices have risen in part due to fuel supply shortages amid Russia’s invasion of Ukraine.
title: “Gta Gas Prices Will Drop Ahead Of The Weekend Klmat”
ShowToc: true
date: “2022-11-16”
author: “Clara Williams”
On Friday, pump prices are expected to drop to $149.9 cents per liter in most of southern Ontario, according to Canadians for Affordable Energy President Dan McTeague.
“If the markets continue to be as pessimistic, let’s say almost as dysfunctional, as they are now, we could see $1.46, $1.47 for Sunday,” he told CP24 Thursday morning.
Natural gas prices fell seven cents overnight Thursday to 151.9 cents a litre, the lowest since mid-January.
McTeague added that today’s prices are a marked drop from where they were two months ago.
“Wow, down 66 cents since you and I spoke on June 11th. So that’s a $40 savings for consumers when they fill 60, 70 liters, so I’m a happy camper this morning,” McTeague said.
However, McTeague says the downtrend in prices likely won’t last long and will pick up again in the coming weeks due to a variety of factors, including oil and gas supply concerns and rising interest rates.
“… the markets are totally in a bit of a funk. I don’t think they know where to go. So they decided to close their positions. It will cause a rather dramatic, and as I said before, a very violent response in terms of much higher prices (which) will cause a lot of turmoil in the coming weeks,” he said.
Since late February, natural gas prices have risen in part due to fuel supply shortages amid Russia’s invasion of Ukraine.
