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Gas Prices Not Falling as Fast as Oil Prices

The price of oil continues to fall after closing yesterday at an eight-month low. Oil is down 60-cents this morning, and is trading at $77.60 U-S a barrel. The price has tumbled 25 per cent since the start of last month. However, gas prices have been falling at a much slower rate. According to GasBuddy-dot-com, the average price of regular across Canada is just under $1.24 a litre -- down 1.1-cents from a week ago. The price on Heart FM's Gas Buddy ap on our website shows the prices are around $1.18 - $1.20 at litre around Oxford County.

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