Analyst Predicts Major Gas Price Drop on Friday
Gas prices are predicted to drop significantly in the coming days, making it a good time for drivers to fill their tanks. Industry analyst Dan McTeague has forecasted that gasoline prices will fall by at least 12 cents per litre on Friday. This reduction comes on the heels of a two-week ceasefire announcement between the United States and Iran by President Donald Trump.
Expected Gasoline Price Decrease
McTeague suggests that the decrease could be even better than anticipated, potentially reaching as high as 17 cents per litre. He described this development as positive news for the market, at least for the next two weeks. Consumers can expect to see savings between $10 and $15, contingent on their vehicle’s fuel tank size.
Impact on Diesel Prices
In addition to gasoline, diesel prices are also forecasted to decrease. McTeague estimates a dip ranging from 19 to 22 cents per litre. This is particularly beneficial for various sectors reliant on diesel fuel, including freight transportation by trains, jets, and trucks.
Advice for Drivers
- Drivers close to empty should consider filling up minimally to get by.
- McTeague advises waiting until Friday to refuel for the best pricing.
- Those in urgent need might fill up with just a couple of dollars to hold them over.
In summary, significant savings are on the horizon for gasoline and diesel users alike, providing a great opportunity for consumers to take advantage of the upcoming price drops.
