Drivers across the Montreal region could see some relief at the pumps Friday, with gasoline prices expected to drop by as much as eight cents per litre following weeks of volatile increases.
On Thursday, several stations across the Greater Montreal area were posting regular gasoline prices above 201 cents per litre.
A Shell station on De Maisonneuve Boulevard East was at 203.9 cents per litre; an Esso station on Décarie Boulevard at 203.9 cents; a Petro-Canada location on Curé-Labelle Boulevard in Laval at 201.9 cents; and an Ultramar station on Jacques-Cartier Boulevard East in Longueuil at 203.9 cents.
The expected decline follows several sharp price increases seen earlier this month — a turbulent stretch driven by global supply concerns, refinery production shifts, and fluctuating wholesale fuel costs.
Chief petroleum analyst at En-Pro International, Roger McKnight, believes the anticipated plunge is an “oddity” that will be “short lived.”
“Commodity traders and financial observers reacted to President Trump’s most recent out of the blue comment that the war with Iran will be ‘over soon,’” McKnight told CityNews. “If that were to become reality, which at this point is a long shot, then the war premium built into the current cost of crude would drop, eventually lowering pump prices.
“Current headlines are based on rumours and light on facts.”
Drivers looking to track gas prices across the region can consult Régie Essence Québec online fuel price monitoring tool.
