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Gas prices began to lower on Monday

September 5th, 2017  |  News

Monday saw a slight decline in gas prices in the United States, a trend that should reflect in the Canadian markets soon.

The decline in gas prices can be attributed to the reinstated operations of shipping channels, pipelines and refineries. While port operations across the U.S. Gulf Coast oil and gas hub have resumed, according to the US Coast Guard, many still have restrictions on vessel draft. Key fuel pipelines planned to restart as more of the oil refineries that feed them ramp up production.

This past weekend gas prices were reported to rise to between $1.329 and $1.339 per litre in the Toronto area, thanks to the on going devastation cause by Harvey. As of Sunday the average, thankfully, did not climb that high, sitting at $1.22 per litre.

According to GasBuddy.com, the average national price on Monday was $1.217 per litre, down slightly from Sunday's numbers. And while the national average appears to have dropped, many provinces including British Columbia, Manitoba, Ontario and Quebec, saw prices that were still higher on Monday than they were on Sunday. The price aggregator website also reported that Monday's average is up 13.4 cents a litre from last week's average.