Prices at the pumps continue to plummet.
At most local stations, gas was averaging around one-dollar-a-litre yesterday afternoon, and experts say this could be the beginning of a freefall.
Canada's main stock index had its worst day in more than three decades, closing down 10.3 per cent yesterday as a collapse in oil prices triggered a plunge in the energy sector and the loonie.
The decreases came as crude oil prices sank to a four-year low in the steepest one-day decrease since the 1991 Gulf War due to a price war between Saudi Arabia and Russia.
Fears over the coronavirus are also creating market turmoil.
Analysts predict prices will drop 7-10 cents a litre at some stations at midnight -resulting in pump prices around 87 cents a litre.
For the latest gas prices in your area, visit GasBuddy.com.
