Drivers across the Montreal area could see some relief at the pumps overnight, with gas prices expected to drop by about nine cents per litre starting at 12:01 a.m. Thursday.
The anticipated decrease is tied to growing market optimism that tensions involving the United States and Iran could ease, potentially leading to the reopening of the Strait of Hormuz, a key global oil shipping route.
On Wednesday, regular gasoline prices remained high across the region, including 193.9 cents per litre at an Esso on Saint-Laurent Boulevard in Montreal, 190.9 cents at a Petro-Canada on Curé-Labelle Boulevard in Laval, and 193.9 cents at an Ultramar on Jacques-Cartier Boulevard East in Longueuil.
Analysts caution that fuel price forecasts remain volatile and can shift quickly depending on geopolitical developments.
Drivers looking to track gas prices across the region can consult Régie Essence Québec online fuel price monitoring tool.
