Calgarians see drop in gas prices at the pumps

This Sunday could be a great day for Calgary drivers to fill up their tanks as gas prices in the city are down about six cents per litre.
It’s the first time fuel prices have been below the $1.40 mark in some time.
Some stations are offering regular unleaded for $1.38 per litre as compared to the $1.44 prices seen just a day earlier.
Gas analyst Dan McTeague, who is the president of Affordable Energy, said on Friday that prices at the pump could drop up to 10 cents in Alberta.
“That’s almost historical for a one-day drop,” he said.
“I don’t think I’ve seen that since 2009. We haven’t seen prices this low in three months and I think it’s very welcome for most people.”
McTeague says the best time to fill up will be between Sunday and Tuesday, but gas prices could still come back up as Organization of Petroleum Exporting (OPEC) could delay its plans to increase oil production.
According to McTeague, many of the “more serious and experienced” energy market traders may have also been away this week due to U.S. Thanksgiving, and that the market could correct its “overreaction” once these traders return to work next week.
“I think cooler heads will prevail come Monday, which will mean possible price increases by Wednesday,” McTeague said.
(With files from CTVNews.ca)
CTVNews.ca Top Stories
COVID-19 hospitalizations due to Omicron are vastly underreported: grassroots organization
Analysis by a grassroots organization of scientists reveals hospitalizations from the Omicron variant of the virus that causes COVID-19 could be 70 per cent higher than what has been reported since December.

As home prices drop, here's what you can get in Canada's most affordable markets
CTVNews.ca has compiled a list of homes in some of the most affordable regions across Canada, as many real estate markets see drops in average prices.
Proportion of French speakers declines nearly everywhere in Canada, including Quebec
The proportion of Canadians who mainly speak French at home continues to decline in nearly all provinces and territories, including Quebec, the latest census release shows.
BREAKING | Eastern Ontario doctor facing 3 new murder charges
An eastern Ontario doctor who was charged with first-degree murder in the death of a patient is facing three new murder charges, Ontario Provincial Police have announced.
Ontario mayor fires back at conspiracy theorists who tried to arrest police officers
An Ontario mayor had some harsh words for protesters who attempted to place local police officers under arrest Saturday.
The return of Zellers: Hudson's Bay to resurrect Canadian discount retail chain
Canadian department store Zellers hopes to make a comeback next year, a decade after the discount chain shuttered most of its locations., brand owner Hudson's Bay Co. said Wednesday.
Feds announce four new passport service sites as backlog continues
The federal government is adding new passport service locations across Canada as a backlog in processing applications continues.
Warnings issued for B.C.'s South Coast amid brief heat wave
Much of the B.C.’s South Coast is under a heat warning with temperatures expected to soar.
Intelligence memo flagged possible 'violent revenge' after Ottawa protest shutdown
Newly disclosed documents show federal intelligence officials warned decision-makers that the police dispersal of 'Freedom Convoy' protesters in Ottawa last winter could prompt an 'opportunistic attack' against a politician or symbol of government.