Despite some recent drops in the price of oil in international trading, the price of gas remains quite high in Canada.
It remains to be seen whether the recent drops in oil prices will soon translate to savings at the pump.
If oil prices continue to fall it could put downward pressure on gasoline prices, but there is often not a direct correlation between international oil prices and what we pay at the pump.
The price of oil dropped almost $2.50 this week to close at $90.68 a barrel, off from the high $90′s cost-per-barrel that we have seen in recent weeks.
Gasbuddy.com, meanwhile, says the average price of regular across Canada is now just under $1.30/litre, which is up 25 cents from a week ago.