Gas prices in Montreal dropped below $2 Friday amid a ceasefire between the U.S. and Iran.
Prices hovered around $1.88 per litre according to multiple reports on GasBuddy.
On Thursday morning, the gas price was seen to be $2.01 per litre at a gas station on Decarie Boulevard.
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The two-week ceasefire was subject to Iran reopening the strait of Hormuz where a fifth of the world’s oil is transported.
Iran originally reopened the strait, but closed the waterway on Wednesday, in response to Israeli attacks in Lebanon.
With the strait of Hormuz closed again, it is unclear how long the ceasefire and lower gas prices could last.
